RAY nearly doubled in a week while the market fell

The launchpad war has a winner this week

Raydium spent 2026 as infrastructure — the place memecoins go to have a real order book. This week it got paid like a growth story. CoinCentral attributes the run to three things stacking: StonkFun moving all of its new launches to LaunchLab, more than fifteen tokenized US equities going live on Solana through Raydium, and the largest single buyback in the protocol's history.

The tokenized equity list reads like someone raided a shopping mall: Boeing, Costco, Reddit, Lululemon and Roblox among them. That is not a memecoin product, but it runs on the same rails, and it drags the same liquidity. Network upgrade activity pushed RAY addresses up by 1,074 and transactions to 3.1 million over the period.

96.5%

RAY seven-day gain

$640,788

record buyback on Sept 9, from 12% of fees

15+

tokenized US stocks live on Solana via Raydium

-3.9%

wider crypto market over the same seven days

What it means for degens

Two lessons, neither glamorous. First: when a launchpad shifts its flow, the venue receiving that flow is often the cleaner trade than any token launched on it. Second: a buyback funded by an explicit share of protocol fees gives a token a mechanical bid that memecoins structurally lack. $RAY outperformed a falling market because something was actually buying it.