Messari released Raydium's first quarter status report for 2025, showing a daily trading volume of $3.6 billion, an increase of 12.7% compared to the previous period. The trading volume in January reached a record $195.8 billion, with a daily trading volume of $6.3 billion. This marks the fourth consecutive quarter that Raydium has been the leader in daily DEX trading volume on Solana. In addition, Raydium bought back a record 15.4 million RAY tokens through protocol fees, accounting for 2.8% of the total supply.
To enhance protocol functionality, Raydium launched LaunchLab in April, supporting free token issuance, and released a beta version of perpetual futures trading in January. Raydium Perps has a daily trading volume of $21.7 million, offering gas-free transactions and supporting leverage of up to 50x.
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