Solana-based decentralized exchange Raydium said on Thursday that its protocol has surpassed $1 trillion in cumulative on-chain trading volume and that its RAY token has been listed on both Robinhood and Revolut.
Raydium said RAY is the first token from a Solana-based DEX available on both platforms. Robinhood reports roughly 25 million funded accounts, while Revolut has more than 50 million users globally.
The protocol has generated $370 million in lifetime revenue and remains Solana’s highest-volume DEX by daily and monthly turnover, according to the release.
“A Robinhood user, a Revolut user, and a self-custody wallet holder are now trading RAY against the same underlying pool of on-chain liquidity,” said Ben Ungvari, Chief Marketing Officer at Raydium.
Raydium also said tokenized equity volume on its protocol crossed $1 billion in May, with US-listed stocks including Tesla and Nvidia routing through its liquidity pools via xStocks partnerships.
The tokenized equity activity comes as the SEC evaluates frameworks for tokenized equities and blockchain settlement. Raydium hosts tokenized shares, stablecoin pools including USDC and PYUSD, and serves as the primary trading venue for Figure’s PRIME RWA consortium.
