Raydium Q1 2026 Financial Results

Raydium reported Q1 2026 net revenue of $5.79 million, a 20.6% decline quarter-over-quarter, driven by softer market conditions. LaunchLab revenue rose 60.5% to $2.46 million, while swap revenue fell 42.5% to $3.10 million. The protocol achieved a net profit of $5.07 million with 87.6% margins and a strong $101.6 million treasury.