Raydium’s native token RAY jumped roughly 61% in 24 hours, vaulting from the $0.80-$0.91 range to above $1.30 as a surge of trading activity flooded the Solana-based decentralized exchange. The catalyst: growing usage tied to the StonkFun launchpad, which integrated with Raydium’s infrastructure and brought a fresh wave of liquidity and speculation to the platform.
Trading volume on Raydium hit approximately $31.8 million during the spike, a figure that reflects just how much attention the launchpad-driven frenzy attracted.
What’s driving the rally
The immediate trigger traces back to StonkFun, a Solana-based launchpad that integrated features through Raydium’s LaunchLab. LaunchLab essentially allows new token projects to bootstrap liquidity directly on Raydium’s automated market maker, meaning every new listing funnels trading activity, and fees, through the protocol.
StonkFun’s own platform token, STONK, reportedly saw multi-hundred-percent gains during the same window, suggesting that speculative momentum around newly launched tokens was feeding directly into Raydium’s ecosystem. Traders chasing the next breakout listing were effectively forced to route through Raydium, boosting both volume and the perceived utility of RAY itself.
