Raydium, the largest decentralized exchange on Solana, generated nearly $440,000 in protocol revenue on September 6, its best single day since July 2025. This performance stems from StonkFun, a token-launch platform specializing in stock and commodity tokens, integrating with Raydium’s LaunchLab infrastructure. The native STONK token surged over 250% on the day, reaching an approximate market cap of $140 million. RAY also climbed 40% as traders piled into the newly expanded liquidity pools. The integration also reduced token deployment costs from 0.29 SOL to 0.03 SOL, roughly a 90% reduction.
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