Raydium generated nearly $440,000 in protocol revenue on September 6, its best single day since July 2025, after token-launch platform StonkFun integrated with Raydium’s LaunchLab infrastructure. StonkFun’s STONK token rose more than 250% to an approximate market capitalization of $140 million, while Raydium’s RAY token gained more than 40%. StonkFun focuses on tokenized representations of stocks and commodities, giving DeFi (decentralized finance) users price exposure to traditional assets. Before the integration, StonkFun had generated more than $1.21 million in total revenue and routed approximately $219 million of trading volume through Raydium, out of more than $392 million across all venues. LaunchLab accounted for roughly 21.7% of Raydium’s total net revenue in the second quarter of 2025, contributing about $4 million of $18.4 million. The integration supports permissionless deployments, bonding curves, constant-product market-maker pools and custom quote assets, while cutting deployment costs from 0.29 SOL to 0.03 SOL. The arrangement could increase Raydium’s trading activity and fee capture, although a surge in low-quality launches could dilute user attention and spread liquidity across too many pairs.