Raydium

Raydium keeps expanding: alongside its spot pools it launched LaunchLab, a token launchpad, and Raydium Perps, a perpetual futures venue run with Orderly Network. Its docs publish fee splits and addresses, but the team is pseudonymous.

• LaunchLab overview (Raydium docs)
• Raydium Perps (Raydium docs)
• RAY token up 8% as Raydium rolls out Pump.fun competitor 'LaunchLab' (The Block)

Team and seed allocations, 25.9% of supply, finished vesting on 21 February 2024, so insider unlocks are over. The team holds a 20% allocation. No ETF or regulated fund holding RAY was found.

• RAY (Raydium docs)

RAY supply is capped at 555 million with the mint disabled, and only about 1.9 million RAY a year is released from the mining reserve. 12% of trading fees repurchase RAY; DefiLlama recorded about $18.35 million of such repurchases over the past year, and The Block reported cumulative repurchases above $190 million.

• RAY (Raydium docs)
• Buybacks (Raydium docs)
• DefiLlama API: Raydium holders revenue
• Solana DEX Raydium's cumulative token buybacks surpass $190 million (The Block)

DefiLlama showed about $1.35 billion locked in Raydium AMM on 1 October 2026, and about $4.70 million of repurchases in the last 30 days, a sign of steady trading. In September 2026 the StonkFun launchpad began launching through LaunchLab.

• DefiLlama API: Raydium AMM
• STONK surges 250% to $140 million market cap as stock-paired Solana launchpad StonkFun pulls volume to Raydium and Jupiter (The Block)