Modern invented name, likely combining Ray and Lynn.
Railyn is a contemporary American coinage. It most likely blends the name Ray, meaning 'beam of light' or 'wise protector,' with the popular suffix -lyn, which is derived from the Welsh word for 'lake.'
Less common today
Railyn isn't in the latest US Top 1000. It last peaked at #2,723 in 2013.
US births per 5-year period, 1990βpresent (SSA data).