Raydium token surges 61% as trading activity spikes on Solana DEX. A launchpad integration on Raydium's platform triggered a wave of trading volume that sent RAY from under $1 to over $1.30 in a single day. 2 hours ago solana coin Sponsored: CryptoSlots - Cryptoslots Play now! Raydium's native token RAY jumped roughly 61% in 24 hours, vaulting from the $0.80-$0.91 range to above $1.30 as a surge of trading activity flooded the Solana-based decentralized exchange. The catalyst: growing usage tied to the StonkFun launchpad, which integrated with Raydium's infrastructure and brought a fresh wave of liquidity and speculation to the platform. Trading volume on Raydium hit approximately $31.8 million during the spike, a figure that reflects just how much attention the launchpad-driven frenzy attracted. What's driving the rally. The immediate trigger traces back to StonkFun, a Solana-based launchpad that integrated features through Raydium's LaunchLab. LaunchLab essentially allows new token projects to bootstrap liquidity directly on Raydium's automated market maker, meaning every new listing funnels trading activity, and fees, through the protocol. StonkFun's own platform token, STONK, reportedly saw multi-hundred-percent gains during the same window, suggesting that speculative momentum around newly launched tokens was feeding directly into Raydium's ecosystem. Traders chasing the next breakout listing were effectively forced to route through Raydium, boosting both volume and the perceived utility of RAY itself. The buyback machine behind RAY. Beyond the short-term trading frenzy, Raydium has been running a structural tailwind that doesn't get enough attention. The protocol allocates 12% of its trading fees to fund buybacks of RAY tokens on the open market. As of late August 2026, those buybacks had removed over 30% of RAY's circulating supply. When you combine aggressive supply reduction with a sudden demand spike, the price math gets very friendly very fast. For context, the 12% fee allocation is significant compared to most DeFi protocols, which typically direct the majority of fee revenue to liquidity providers. Raydium's decision to carve out a dedicated buyback fund signals a deliberate bet that long-term token value appreciation will attract more participants than simply offering the highest yield. Solana's DEX landscape heats up. The integration with launchpads like StonkFun also highlights Raydium's positioning as infrastructure rather than just another swap interface. By offering LaunchLab as a toolkit for new projects, Raydium is essentially embedding itself deeper into the Solana token lifecycle. Projects launch on its rails, trade on its pools, and generate fees that flow back into its token. The STONK token's explosive gains during this period also carry a cautionary note. Multi-hundred-percent moves in newly launched tokens are exciting on the way up and devastating on the way down. Much of the trading volume driving RAY's rally could be speculative and short-lived. If StonkFun's momentum fades, so could the elevated fee revenue and trading activity propping up RAY's price. Investors watching this space should pay attention to whether the volume increase is sustained or just a sugar rush. The buyback mechanism provides some structural price support, but 61% single-day moves rarely hold without continued demand. The key metric to track is whether daily trading volume on Raydium stays elevated in the weeks following StonkFun's integration, or whether it reverts to pre-surge levels. Disclosure: This article was edited by Editorial Team. For more information on how Crypto Briefing create and review content, see its Editorial Policy.

STON.fi launches cross-chain swaps, connecting TON to TRON and EVM stablecoin economy. Jul. 21, 2026, 04:50 AM Road Town, British Virgin Islands, July 21st, 2026, Chainwire STON.fi, the leading AMM protocol on The Open Network (TON), today announced the launch of cross-chain swaps in the STON.fi app, giving users a direct way to move stablecoins between TON, TRON, Ethereum, Base, BNB Chain, Polygon, Avalanche, Arbitrum, and Robinhood Chain through a unified, self-custodial interface. The launch connects TON to major liquidity and application ecosystems across crypto. As a result, users can move capital between stablecoin markets, TON-native assets, DeFi protocols, and Telegram-native applications without relying on centralized exchanges, bridges, or wrapped assets. Stablecoins have become one of crypto's most important markets, with more than $300 billion in total market capitalization, led by TRON and Ethereum as the two largest stablecoin networks. Through cross-chain swaps, STON.fi connects TON with major stablecoin ecosystems in both directions: TON users gain access to liquidity across networks, while TRON and EVM users get a more direct path into TON-native assets, wallets, DeFi protocols, and Telegram-native applications - all through one self-custodial experience without managing bridges, wrapped assets, routing decisions, or settlement uncertainty. Omniston, the execution layer developed by STON.fi, coordinates the full swap process between source and destination chains. More than a routing or liquidity aggregation system, it is designed to help cross-chain stablecoin flows complete predictably, from pricing to settlement. "People don't think in terms of blockchains - they think in terms of what they want to do," said Slavik Baranov, CEO of STON.fi Dev. "Our goal is to make moving between ecosystems feel as simple as swapping within one network. Omniston handles the complexity so users can focus on the outcome, not the infrastructure." For users, the key benefits are speed and predictability. Most swaps complete in 15-40 seconds, allowing users to swap assets between any supported chains without the longer wait times often associated with cross-chain transactions. When a swap is confirmed, Omniston connects the order with independent liquidity providers, known as resolvers, that supply the asset on the destination chain. The transaction is executed through linked Hashed Timelock Contracts (HTLCs) - smart-contract escrows on both chains that use the same cryptographic condition - so both sides of the swap complete together or the transaction does not complete at all. Before confirming, users see the asset and amount they are expected to receive. If the swap cannot be completed, funds are returned instead of being left stuck, partially executed, or unclear. With cross-chain swaps now live, STON.fi is moving beyond a chain-specific DeFi protocol toward a product built around user intent. As stablecoin liquidity, consumer applications, and DeFi markets spread across networks, users need easier ways to move value without giving up self-custody or managing the infrastructure behind each transaction. For TON and the broader crypto market, the launch introduces a more practical access layer between major liquidity networks, application ecosystems, and the wider onchain economy. About STON.fi STON.fi is a cross-chain decentralized application for token swaps across TON, TRON, and major EVM-compatible blockchains. Originally established as the leading AMM protocol and one of the most widely used DeFi applications on The Open Network (TON), STON.fi helps users swap assets, access DeFi opportunities, and move value across blockchains through a simple cross-chain experience. Its cross-chain capabilities are powered by Omniston, the execution layer developed by STON.fi to support reliable and predictable swaps across multiple networks. Backed by leading investors including CoinFund, Delphi Ventures, The Open Platform, Karatage, TON Ventures, and others, STON.fi is building the infrastructure that connects users, liquidity, and applications across the onchain economy. Contact. Head of Communications Ekaterina STON.fi Dev [email protected] Sponsored Financial Content