Raydium protocol

dex · PageRank 0.0171

Overview

Raydium is an automated market maker (AMM) and decentralized exchange (DEX) built on the Solana blockchain. It provides liquidity pools and historically routed order-book liquidity through Serum; after Serum was abandoned in the wake of the November 2022 FTX collapse, Raydium migrated to OpenBook, the community-run fork of Serum. The protocol enables users to swap tokens, provide liquidity, and earn yield.

Within the DeFi Intel graph, Raydium connects to 23 tracked entities, most strongly to Solana, Solana, Jupiter.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 23 total).

Relation	Connected entity	Confidence
`deployed_on`	Solana	95%
`deployed-on`	Solana	95%
`integrates`	Jupiter	95%
`aggregates-liquidity-from`	Jupiter Exchange	95%
`provided-graduation-for`	Pump.fun	95%
`competes-with`	PumpSwap	95%
`supports_token`	RAY	95%
`governed-by-token`	RAY	95%
`issues`	RAY	95%
`driven-by`	Solana DeFi TVL Surpasses $10B	95%

Frequently asked questions

What chain is Raydium on?

Solana.

What makes Raydium different from a plain AMM?

It supplies its pool liquidity to an onchain central limit order book (originally Serum, later OpenBook), so AMM liquidity is also tradable against order-book flow.

What is the RAY token used for?

RAY is Raydium's native token, used for staking, farming rewards and voting on protocol changes.

Sources

Facts on this page were verified against the following sources.