Raydium Net Revenue Jumps 264.2% to $7.99 Million in Q3

Raydium's net revenue rose 264.2% quarter over quarter to $7.99 million in the third quarter of 2026, as tokenized asset activity expanded and meme-token trading rebounded. Operating cash flow rose 263.6% from the prior quarter to $8.67 million. Programmed buybacks of Raydium (RAY) totaled $5.23 million, up 203.3%, bringing cumulative repurchases to $204 million, or 32.1% of circulating supply. Raydium's treasury grew 150.1% to $243 million by quarter-end, with non-RAY reserves reaching $72.55 million. Trading volume rose 103% to $19.99 billion, including $3.99 billion in tokenized asset trading, up 90.9%.