PANews reported on May 13 that Messari released Raydium's status report for the first quarter of 2025, which showed that its average daily trading volume reached $3.6 billion, a month-on-month increase of 12.7%. In January, the trading volume set a record of $195.8 billion, with an average daily trading volume of $6.3 billion. This is the fourth consecutive quarter that Raydium has become the leader in Solana's daily DEX trading volume. In addition, Raydium bought back a record 15.4 million RAYs through protocol fees, accounting for 2.8% of the maximum supply.

To improve the functionality of the protocol, Raydium launched LaunchLab in April, supporting free token issuance, and released a public beta version of perpetual futures trading in January. Raydium Perps has an average daily trading volume of $21.7 million, provides gas-free transactions, and supports up to 50x leverage.