Stendhal | Raydium (@StRAYndhal) header
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janitor @raydium - Driving liquidity ecosystem-wide since 21.

Joined April 2022
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Stendhal | Raydium retweeted
A portion of Raydium's revenue comes from trading fees, with the rest going to liquidity providers (LP Fees). 12% of all trading fees programmatically buy $RAY. If there are $100m in swap fees, Raydium collects $12m to buy back $RAY. The buyback ratio is the amount of revenue used to buy $RAY divided by the operating cashflow. In Q2, 72.% of all protocol revenue went to $RAY buybacks.
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Stendhal | Raydium retweeted
I’ve long argued that memecoins were the stress test, and @solana's trading infrastructure would rerate as RWA activity grew. And now we are already starting to see that play out with @Raydium's revenue Tokenized assets beat memes in quarterly swap revenue for the first time in our dataset. Q3: $2.66M versus $2.05M, or 45% versus 35%.
Tokenized-equity spot volume on @solana hit a new monthly high in September. $4.35B traded, 3.4x August and 24% above the prior record. Liquidity begets liquidity, as the deepest market becomes the easiest place to launch the next asset. I expect this trend to continue
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Stendhal | Raydium retweeted
Replying to @toly
Bro just put the stonks onchain
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Stendhal | Raydium retweeted
INSIGHT: @Raydium handled about $2.8B in tokenized-stock trading in September, more than double its previous monthly record and roughly five times August.
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Stendhal | Raydium retweeted
September Review: @Raydium - $6m in protocol revenue - $4m allocated to $RAY buybacks, bringing the total to $204m (87.55m RAY, 32% of supply) - $10.8b in cumulative monthly volume - $3b in tokenized asset volume Raydium is powering tokenized assets on Solana
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Stendhal | Raydium retweeted
Succession Doomer Themed Ep. 1: You Are Not Serious People
Succession: Doomer Themed. Who wants this?
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Stendhal | Raydium retweeted
Wait until we put the foot on the gas
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Stendhal | Raydium retweeted
Biggest day ever on @Raydium for xStocks. $160M traded in a single day. $747M in the last 10 days. $1.3B in the last 23 days. Tokenized stonks on @Solana are thriving, with $SPYx leading meme tokenized pairs.
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Stendhal | Raydium retweeted
Raydium has crossed $5 billion in cumulative tokenized stock volume on Solana, making it the leading onchain AMM for tokenized stock trading.
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Stendhal | Raydium retweeted
They forgot the “make no mistakes”…
NEW Rolex Perpetual Padellone
Readers added context they thought people might want to know
The Rolex Perpetual Padellone's peripheral date scale uses intentionally oriented/rotated numerals for legibility when worn on the wrist, a deliberate design for full 360° dials rather than an error. rolex.com/watches/new-wa… hodinkee.com/articles/intro… x.com/daddysnewburne… x.com/nuyorkinoeth/s…
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Stendhal | Raydium retweeted
Investors watching Anthropic define profitability as revenue before cost of goods sold and operating expenses
“Anthropic’s gross margins are above 80% before accounting for revenue shared with distribution partners, including Amazon, and the cost of training its models.” Wow.
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Stendhal | Raydium retweeted
INSIGHT: ~60% of Solana's daily tokenized equity volume settles on @Raydium.
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Stendhal | Raydium retweeted
🚨JUST IN: Tokenized $GRND stock on Solana has hit $31M in volume less than 24 hours after launch. That is nearly 2x $GRND’s ~$16.6M NYSE volume yesterday and already above its ~$25M average daily volume.
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Stendhal | Raydium retweeted
The Stonk community has been asking for more tokenized equities. We heard you. Next up, more pairs for crypto native assets Anything x Anything
15+ new tokenized stocks are live on Raydium. From Boeing and Costco to Reddit, Lulumemon, Roblox, Hims, and UPS, a new wave of U.S. equities is now trading 24/7 on Solana. Issued by @Backpack Securities via @sunrise.
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Stendhal | Raydium retweeted
In this economy?
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Stendhal | Raydium retweeted
Stonkfun isn’t just about memestonks. It’s the first step of many to explore all the cool things you can do and experiment with when working with token22.
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Stendhal | Raydium retweeted
> tokenize equities > make them composable > pair them with anything on @launchonsf > trade & route them through @raydium on solana
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Stendhal | Raydium retweeted
NEW: @Raydium generated nearly $440,000 in revenue yesterday, its highest daily total since the BonkFun surge in July 2025. The spike comes after @LaunchOnSF (StonkFun) integrated with Raydium LaunchLab, bringing its token launches and trading activity to Raydium.
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Stendhal | Raydium retweeted
Over $150 million of tokenized equity volume on @solana yesterday. More than $100 million @Raydium. Stonk szn on Solana
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