Raydium Net Revenue Jumps 264.2% to $7.99 Million in Q3

Raydium's net revenue rose 264.2% quarter over quarter to $7.99 million in the third quarter of 2026, as tokenized asset activity expanded and meme-token trading rebounded.

Operating cash flow rose 263.6% from the prior quarter to $8.67 million. Programmed buybacks of Raydium (RAY) totaled $5.23 million, up 203.3%, bringing cumulative repurchases to $204 million, or 32.1% of circulating supply.

Raydium's treasury grew 150.1% to $243 million by quarter-end, with non-RAY reserves reaching $72.55 million.

Trading volume rose 103% to $19.99 billion, including $3.99 billion in tokenized asset trading, up 90.9%. Tokenized assets accounted for $2.66 million, or 45%, of swap fees, making them Raydium's largest fee source.

CLMM net revenue rose 279.1% to $4.55 million, or 56.9% of the total. LaunchLab revenue increased to $1.85 million from $210,000 after StonkFun migrated to the platform. Raydium's share of Solana tokenized asset spot volume climbed to 49.8% from 36.2%.