ARAY
The 21Shares Raydium ETP (ticker: ARAY) offers investors a liquid way to integrate Raydium into their portfolios through their bank or broker, tapping into Solana's premier AMM, which combines a powerful, diversified value capture system with a pioneering role in the tokenization of real-world assets.
Overview
Description
The 21Shares Raydium ETP (ticker: ARAY) offers investors a liquid way to integrate Raydium into their portfolios through their bank or broker, tapping into Solana's premier AMM, which combines a powerful, diversified value capture system with a pioneering role in the tokenization of real-world assets.
Benefits
The DEX driving Solana’s DeFi growth
Raydium has harnessed network effects at scale, capturing over 25% of Solana’s DEX market share each month. In Q4 2024, it even surpassed Ethereum’s Uniswap in monthly trading volume, $124.6 billion versus $90.5 billion.
Over the past year, Raydium has averaged $71 billion in monthly DEX volume and currently holds $2.2 billion in total value locked (TVL), the total assets deposited in its liquidity pools, highlighting the scale and strength of its liquidity. This scale creates a powerful flywheel effect: deep liquidity attracts more traders, higher trading activity generates more fees, and those fees incentivize additional liquidity providers, which in turn strengthens liquidity even further.
Building on this foundation, Raydium is now extending its reach into Solana’s Real-World Asset (RWA) sector, where traditional assets such as equities, bonds, and commodities are being tokenized onchain. Through its partnership with xStocks Alliance, Raydium has become an on-chain liquidity hub for tokenized equities like Tesla and Nvidia. It is actively supporting this new market by offering up to $14,000 per week in RAY rewards to liquidity providers, reinforcing its role as Solana’s gateway to real-world markets.
Diversified revenue model
Raydium has built one of DeFi’s most resilient and diversified revenue models, moving beyond trading fees into a multi-stream framework that mirrors traditional financial firms. It generates revenue from three core streams: trading fees, staking mechanisms that lock up over 11% of supply to reward holders with yield, and the AcceleRaytor, its investment banking arm, which helps new projects built on the Solana blockchain raise capital and drive initial liquidity for their token offerings.
To date, AcceleRaytor has generated $2.5 million in direct fees while driving additional trading activity, creating a reinforcing cycle where successful launches attract more projects and more volume.
Tokenomics built for long-term value
A key feature of Raydium is its fee distribution model: 84% of trading fees go to liquidity providers, 12% are used for RAY token buybacks, and the remaining 4% flows into the treasury. This mechanism not only creates consistent deflationary pressure but also ensures that value accrues directly to token holders, reinforcing long-term alignment between the protocol and its community.
The impact of this design is particularly evident during high-volume trading cycles. At peak activity, Raydium has generated up to $10 million in daily revenue, fueling buybacks that amplify scarcity while simultaneously rewarding investors.
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Market data provided by Alpha Vantage and CryptoCompare. Not investment advice, for informational purposes only. Historical performance is not an indication of future performance.
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