A deeper look into how $RAY and @Raydium has performed in Q3 and what we can expect to see in 2026. Revenue: $25m a 100% gain QoQ. This is insanely impressive despite a decline in users, revenue generated is over double what it was last quarter mean there is more generated from the concentration of active participants. Fees: $159m which is a +48% gain QoQ Trading Volume: $113B, 8% gain QoQ, this is nice to see that volume hasn’t decline even tho the market seems like less active trades are being made. Raydium still controls most of the market share on Solana so I don’t expect that to change any time soon. Going into the new year and especially once things start to recover I could see these numbers easily double or triple later in the year.