Raydium leads Solana DeFi gains as tokenized-stock activity share recovers

  • Raydium generated nearly $440,000 in protocol revenue on September 6 after StonkFun integrated with its LaunchLab token-launch infrastructure, while RAY led Solana trading-infrastructure gains.
  • STONK rose more than 250% and briefly about 360% to an approximate $140 million market capitalization; Solana’s tokenized-stock volume share recovered to 32% as Robinhood’s fell to 35%.
  • Bridge data showed roughly $18.8 million entering Solana and $47.8 million leaving Robinhood Chain, while Raydium’s buybacks acquired more than 69 million RAY and $36 million was staked.

Raydium’s RAY token led gains among Solana trading-infrastructure assets, rising about 60% over 24 hours on September 7 after an earlier gain of more than 40% on September 6. Raydium generated nearly $440,000 in protocol revenue on September 6, its strongest single-day result since July 2025, after StonkFun integrated with its LaunchLab infrastructure. STONK rose more than 250% and briefly about 360%, reaching an approximate $140 million market capitalization. The moves coincided with Solana’s share of tokenized-stock volume recovering to 32% after three days below 10%, while Robinhood’s share fell from 60% to 35% on September 6. Bridge data also showed about $18.8 million in net inflows to Solana and roughly $47.8 million in outflows from Robinhood Chain, although the flows were small relative to total value locked.

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