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15:00 May 12, 2025
Raydium averaged $3.6 billion in daily volume in Q1 2025, up 12.7% QoQ due to a record $195.8 billion in volume in January ($6.3 billion daily average). Q1 was Raydium’s fourth straight quarter as the leader in Solana daily DEX volume. Additionally, a record $76.2 million in USDC (+38% QoQ) generated from protocol fees was spent buying back a record 15.4 million RAY (+17% QoQ), or 2.8% of the maximum supply.