# Raydium’s RAY Reaches 2026 High as USDv and Solana-Based INJ Launch With Liquidity

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/23918
Published: 2026-09-24T23:06:26.000Z
Updated: 2026-09-24T23:06:26.000Z

Raydium’s RAY token reached a 2026 high of $2.12 on the Sept. 23 UTC date as USDv and a Solana-based version of INJ launched with liquidity on Raydium, bringing additional assets to the Solana exchange.

RAY closed at approximately $1.98 for the UTC-dated period. A separate market record listed a $2.12 high, a $1.79 low and a $1.97 close for the Sept. 23–24 UTC period. The records do not establish that either launch caused RAY’s price increase.

The move followed its recent move above 2 USDT. The $2.12 level was not an all-time high: RAY’s listed peak is $16.83 from Sept. 12, 2021.

Solomon Labs launched its USDv dollar stablecoin on Solana through Sunrise on Sept. 23, with Raydium serving as the liquidity venue. Solomon Labs said Raydium would commit an initial $1 million from its treasury to USDv and support USDv trading pairs across its markets and launch products.

Injective launched INJ on Solana on Sept. 17, with its Solana-based version provided through Sunrise and initial liquidity pools hosted on Raydium.

“Initial liquidity pools for INJ are live on Raydium,” Injective said. “Raydium is the liquidity venue for the launch.”

Built on Solana, Raydium operates decentralized token-trading and liquidity services. Its pools provide trading liquidity for newly issued or bridged assets on the network, including the Solana versions of assets launched through Sunrise.

## Links in this article

- [its recent move above 2 USDT](https://www.tokenpost.com/news/investing/23316)