Overview
Raydium(RAY)
Token Price$0.57
24h Change-1.89%
All Time HighSep 12, 2021$16.83
All Time LowDec 29, 2022$0.13
Key Metrics
Market Cap$153.07m
Fully Diluted Valuation$315.84m
Circ. Supply268.98m RAY
Max Supply555m RAY
Outstanding FDV$245.83m
Volume 24h$22.92m
CEX Volume$7.35m
DEX Volume$13.32m
Token Liquidity$36.01m
Raydium AMM · Solana$35.4m
Orca DEX · Solana$610,683
Income Statement for Raydium
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $13.43M | $34.62M | $48.34M | $114.33M | $86.38M | $406.96M | $411.64M | $102.35M | $71.62M | $79.21M | $33.49M | $3.31M | $2.50M | $7.29M | $3.06M |
Cost of Revenue | $11.36M | $29.01M | $41.01M | $87.05M | $73.21M | $377.75M | $386.31M | $97.55M | $63.03M | $69.77M | $29.47M | $2.98M | $2.20M | $6.54M | $1M |
Gross Profit | $2.06M | $5.60M | $7.33M | $27.28M | $13.16M | $29.20M | $25.33M | $4.80M | $8.59M | $9.43M | $4.01M | $325.46K | $300.91K | $515.68K | $262.19K |
Incentives | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Earnings | $2.06M | $5.60M | $7.33M | $27.28M | $13.16M | $29.20M | $25.33M | $4.80M | $8.59M | $9.43M | $4.01M | $325.46K | $300.91K | $515.68K | $262.19K |
Token Holder Net Income | $1.62M | $4.22M | $5.84M | $15.27M | $8.11M | $0 | $0 | $466.93K | $8.59M | $9.38M | $4.01M | $270.42K | $300.91K | $208.17K | $0 |
Markets
Token Rights and Value Accrual
Updated Apr 20, 2026Overview
- Token(s)
- RAY
- Token Type
- GovernanceUtility
- Utility
- Staking, Protocol Access, Liquidity Incentives
RAY is the native utility and governance token of Raydium, facilitating staking for rewards, liquidity mining, transaction fee reductions, and community voting on upgrades, with 12% of trading fees automatically directed to token buybacks
Governance Rights
ControlRaydium does not currently employ a timelock for upgrades. Timelock mechanisms are planned as code moves toward open-sourcing and community governance.
Governance Decisions
Limited to parameters, full governance planned according to documentation
Treasury Decisions
All treasury addresses are controlled by the protocol multisig
Revenue Decisions
All fee collection adresses are controlled by the protocol multisig
Fee Switch
ONSwaps are split between liquidity providers, RAY buybacks, and the treasury. 12% of 0.25% swap fees fund RAY buybacks, 4% to treasury
Resources
Foundation Multisigs / Addresses
Primary Value Accrual
BuybacksValue accrues through buybacks
Equity Statement
There is no entity with a claim on equity or revenue. 100% of protocol revenue flows to either token buybacks or the protocol multisig.
Economic Rights
Value CaptureEvery swap on Raydium incurs a trading fee, split between liquidity providers, RAY buybacks, and the treasury. 12% of trading fees go to RAY token buybacks for programmatic purchases
Buybacks
Buybacks trigger automatically when accumulated fees reach $10
Dividends
N/ANo dividend or revenue distribution is currently active
Burns
N/ANo burn mechanism is currently active
Ownership
- Fundraising
- Token Sale
- Equity Revenue Capture
- No
- Associated Entities
- Labs (DevCo)DAOParent / Holdings Co
- Domain
- Parent / Holdings Co
Token Usage
An is required to view token usage.
Unlocks
An is required to view token unlocks.
Yields
Showing 10 of 22 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabRAY-USDCStandard - 0.25% | $3.48m | 11.46% | 11.46% | 6.35% | |||||
| open in new tabWSOL-RAYConcentrated - 0.05% | $1.15m | 130% | 130% | 134% | |||||
| open in new tabRAY-USDTStandard - 0.25% | $882,958 | 11.08% | 11.08% | 6.05% | |||||
| open in new tabRAY-USDCConcentrated - 0.25% | $114,526 | 12.01% | 12.01% | 18.63% | |||||
| open in new tabATLAS-RAYStandard - 0.25% | $71,157 | 9.97% | 9.97% | 11.28% | |||||
| open in new tabPOLIS-RAYStandard - 0.25% | $47,353 | 10.38% | 10.38% | 11.95% | |||||
| open in new tabRAY-USDTConcentrated - 0.25% | $24,101 | 10.85% | 10.85% | 7.58% | |||||
| open in new tabKIN-RAYStandard - 0.25% | $15,949 | 9.19% | 9.19% | 11.94% | |||||
| open in new tabRAY-ISDConcentrated - 0.25% | $10,475 | 7.22% | 7.22% | 7.77% | |||||
| open in new tabRAY-USDC | $10,061 | 9.31% | 9.31% | 6.44% |
Borrow
No borrow routes found using RAY as collateral.