The emerging tokenized equity space is showing early signs of demand for 24/7 equity markets, with the majority of volume coming outside of US market hours.
This market structure favors AMMs and CLMMs that provide sticky onchain liquidity when traders need it.
Raydium's protocol treasury is held onchain.
The protocol's balance sheet is composed of ~$70m in USDC and SOL, which is staked to Raydium's validator.
This chart doesn't include recent and unclaimed fees from Raydium's LaunchLab program, providing further diversification with revenue from tokenized equity trading.
A robust balance protects the protocol from relying on RAY for operations. Despite that, we run an extremely lean operation, with a long time horizon, and spend conservatively.
Raydium publishes and maintains public, onchain cash flow statements for the protocol.
We want to make it as easy for users to verify how much revenue is generated, the revenue sources, and how revenue is used.
This is one of many ways you can verify Raydium's realized revenue and the % of cash flows allocated to buybacks each quarter.
A portion of Raydium's revenue comes from trading fees, with the rest going to liquidity providers (LP Fees).
12% of all trading fees programmatically buy $RAY. If there are $100m in swap fees, Raydium collects $12m to buy back $RAY.
The buyback ratio is the amount of revenue used to buy $RAY divided by the operating cashflow. In Q2, 72.% of all protocol revenue went to $RAY buybacks.
Sam’s got a World to build. You’ve got a meme to launch.
You can now launch coins paired with $WLD from @worldnetwork on StonkFun.
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