Raydium and Orca post higher tokenized stock DEX volume on Solana
Token Terminal said Raydium and Orca both recorded meaningful increases in tokenized stock trading volume on Solana decentralized exchanges over the past seven days, highlighting a shift in where activity is concentrating across venues.
Raydium and Orca saw the largest increases in tokenized stock DEX trading volume over the past 7d vs. the prior 7d
Volume traded on Raydium CPMM and LaunchLab increased by $51.5M each, while Orca Whirlpools added $45.8M pic.twitter.com/GDFEEOzWaC
— Token Terminal 📊 (@tokenterminal) September 28, 2026
In a post on its official account, the data provider said Raydium CPMM and Raydium LaunchLab each added $51.5 million in tokenized stock DEX volume versus the prior period, while Orca Whirlpools added $45.8 million.
The figures point to stronger use of both platforms in tokenized equity trading, though they do not by themselves show whether the volume reflects sustained demand or a short-term burst in activity. The numbers also do not indicate the specific assets, traders or routing patterns behind the increase.
A separate on-chain dashboard tracking Solana tokenized equities and RWA activity also shows venue-level breakdowns for tokenized-stock spot volume, including Raydium and Orca, reinforcing that the trend is visible on-chain rather than only in a single report.
For now, the clearest takeaway is narrow but concrete: both Raydium and Orca captured larger tokenized stock DEX volumes over the measured week, with Raydium showing the bigger aggregate increase across its CPMM and LaunchLab venues.
