
janitor @raydium - Driving liquidity ecosystem-wide since 21.
Joined April 2022
- Tweets1.4K
- Following1K
- Followers3.2K
- Likes8K
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.
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
Stendhal | Raydium retweeted
Succession Doomer Themed
Ep. 1: You Are Not Serious People
This media is unavailable
Stendhal | Raydium retweeted
They forgot the “make no mistakes”…
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…
Stendhal | Raydium retweeted
Investors watching Anthropic define profitability as revenue before cost of goods sold and operating expenses
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
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.
Stendhal | Raydium retweeted
> tokenize equities
> make them composable
> pair them with anything on @launchonsf
> trade & route them through @raydium on solana
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.

































