Raydium Crosses $1T in Cumulative Volume After Robinhood and Revolut RAY Listings
Raydium, the leading decentralized exchange on Solana (SOL), surpassed $1 trillion in cumulative trading volume on May 28, according to a GlobeNewswire release issued by the protocol. The milestone follows retail brokerage listings of the RAY token on both Robinhood (HOOD) and Revolut, which expanded RAY’s addressable buyer base to tens of millions of retail users.
The raydium 1 trillion volume figure is cumulative since the protocol’s launch and reflects the combined weight of Solana’s low-fee environment and the demand surge triggered by the listings.
What Drove Raydium’s $1 Trillion Volume Milestone
The $1 trillion figure represents total traded notional across all liquidity pools on Raydium since inception, not a rolling 24-hour or 30-day figure. Raydium functions as an automated market maker, a decentralized trading mechanism where liquidity providers deposit token pairs into pools and traders execute swaps against those pools rather than a traditional order book.
The Robinhood listing gave RAY direct exposure to a US retail audience.
Robinhood reported approximately 24 million funded accounts as of its most recent quarterly disclosure. Revolut, the London-based fintech with over 50 million users globally, added RAY around the same period.
The combined distribution reach of both platforms accelerated on-chain trading activity and pushed cumulative volume across the $1 trillion threshold.
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Background
Raydium launched in 2021 as one of the first automated market makers built natively on Solana, designed to take advantage of the chain’s sub-second block times and transaction fees typically below $0.01. The protocol rose to prominence during Solana’s memecoin supercycle in 2024, when tokens like Bonk (BONK) and WIF generated billions of dollars in weekly swap volume through Raydium pools.
That period established Raydium as the dominant Solana DEX by total value locked and trading volume, a position it retained through 2025. The Robinhood and Revolut listings of RAY represent the protocol’s first significant retail-distribution expansion beyond on-chain native users.
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What Comes Next
Raydium’s protocol does not accrue revenue to a centralized entity.
A share of swap fees flows to RAY stakers and liquidity providers. Broader RAY distribution through Robinhood and Revolut means a larger pool of potential stakers, which could affect on-chain staking yields depending on participation rates.
Traders will watch whether the listing-driven volume spike sustains into June or reverts toward pre-listing baselines. Any sustained lift in daily active traders on Solana would likely benefit Raydium’s pool revenues and RAY token price.
The $1 trillion milestone also positions Raydium for potential inclusion discussions in future cryptocurrency index products.
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