Raydium Reports xStocks Trading Volume Tripled in Q2 2026, Reaching $1.63 Billion

Raydium RAY$1.87-3.1% reported on July 7 that xStocks trading volume on its platform tripled in Q2 2026. According to Raydium's official announcement, the protocol processed approximately $1.63 billion in xStocks AAPLx$345.17+1.8% volume during the quarter, compared to $1.3 million in Q2 2025, a year-over-year increase Raydium put at roughly 121,643%.

The Q2 2025 figure reflects a single day of trading: xStocks launched on Solana via Kraken on June 30, 2025, meaning the prior-year quarter captured only the product's launch day. The 2026 total covers a full quarter of trading across tickers including SPYx, NVDAx, TSLAx, and METAx.

xStocks Growth in Context: Solana's $5.77B Tokenized Asset Quarter

Raydium's Q2 recap arrived inside Solana's strongest-ever quarter for tokenized asset trading. Analyst Sam Schubert published data on July 1 showing Solana processed $5.77 billion in tokenized asset spot volume in Q2 2026, more than seven times the $775 million traded across all of H2 2025.

June contributed more than $2 billion of that total, the highest monthly tokenized asset volume recorded on any blockchain. The final week of the quarter logged a weekly all-time high of $1.42 billion, and June 24 alone produced $644 million in tokenized equity trades, per Schubert's data. Raydium led all venues for tokenized asset spot volume on Solana across the quarter, a position the protocol has described as the "#1 venue for tokenized asset spot volume on Solana."

Raydium Crossed $3 Billion in Cumulative Tokenized Equity Volume Before the Quarter Ended

The Q2 totals extend a milestone Raydium crossed before quarter-end. Cumulative tokenized equity volume on Raydium reached $3 billion in June, with the final $1 billion added in a single month, according to Yahoo Finance's reporting on Schubert's data.

The broader protocol reached $1 trillion in cumulative DEX volume across all asset types in May 2026, per a BusinessWire release at the time. Raydium's RAY (RAY) token gained exchange listings on Robinhood and Revolut in the weeks surrounding that milestone, adding consumer distribution across more than 75 million users in the US, UK, and EU. The official xStocks account replied to Raydium's July 7 announcement.