Raydium

Raydium

Raydium is a decentralized exchange (DEX) and automated market maker (AMM) built on the Solana blockchain. It is known for combining the efficiency of AMMs with the liquidity and order book depth of Serum, a central limit order book protocol also native to Solana. Raydium enables fast, low-cost token swaps, yield farming, and token launches within a highly composable and capital-efficient ecosystem.

Key Features

• Hybrid Liquidity Model
  Raydium integrates its AMM pools with Serum’s order book, allowing traders to tap into both sources of liquidity. This hybrid approach helps reduce slippage and improves execution quality.

• Fast and Low-Cost Trading
  Leveraging Solana’s high throughput and low fees, Raydium offers a seamless experience for both casual users and DeFi professionals.

• Concentrated Liquidity (CLMM)
  Recent upgrades (e.g., Raydium v4) introduced concentrated liquidity pools, enabling LPs to provide liquidity within specific price ranges to improve capital efficiency.

• AcceleRaytor Launchpad
  A launchpad for new projects to raise funds and bootstrap liquidity. Users can participate in token launches using RAY and USDC.

• Yield Farming & Staking
  Users can earn rewards by providing liquidity to selected pools and staking their LP tokens or RAY tokens in farms.

• RAY Token Utility
  RAY is Raydium’s native token, used for:

  • Governance voting
  • Yield farming incentives
  • Staking for protocol rewards
  • Access to exclusive token launches via AcceleRaytor

Supported Markets

Raydium supports trading for a wide range of SPL tokens (Solana Program Library), including popular assets like SOL, USDC, RAY, SRM, BONK, and others. It also supports stablecoin pairs and ecosystem tokens listed via Serum integration or AcceleRaytor launches.

Considerations

• Solana-Native: Raydium is tightly integrated with the Solana ecosystem and does not support EVM-based chains.
• Wallet Required: Users must connect via a Solana-compatible wallet (e.g., Phantom, Solflare).
• Decentralized Access: No registration or KYC is needed; users retain custody of assets at all times.
• Liquidity Risk: As with all AMMs, LPs face impermanent loss risk, especially in volatile markets.