Raydium is a decentralized cryptocurrency exchange (DEX). Built on Solana, it operates as an automated market maker (AMM). The Raydium crypto exchange offers token swapping, yield farming, and a Solana launchpad. Users can contribute to the liquidity pools for SPL tokens.
The Raydium protocol cannot be accessed by residents of several countries, including Belarus, Iran, and the USA. While there is no mobile app, the platform is available on mobile browsers. You can find information regarding the Raydium trade volume and markets above.
Markets
As an automated market maker, Raydium differs from centralized cryptocurrency exchanges (CEXs). It doesn’t operate as a conventional Raydium spot market. Instead, the trading mechanic is known as swapping.
However, unlike most decentralized platforms, the Raydium cryptocurrency exchange has adapted a custom order book model for trading. The liquidity is twofold – part of it is provided by the liquidity pools, while the other part is shared by the Serum order book. This increases the overall liquidity and reduces the risk of slippage.
Raydium was built on the Solana blockchain. As such, it supports all SPL standard tokens. Users can provide liquidity directly to their selected SPL token. All listed tokens are supported by liquidity pools. There are over 1,100 Raydium trading pairs available.
Raydium (RAY) is the protocol’s native token. It’s used for staking and network governance. Users that stake RAY are eligible to earn protocol fees as rewards. You can learn more about the Raydium crypto price and use cases here.
The Raydium exchange fees are fixed at 0.25% for each swap. Of this amount, 0.22% is returned to the LP pool as rewards for liquidity providers. The remaining 0.03% is used to buy RAY and distribute it as a staking reward.
Transactions that are completed using the Serum Central Limit Order Book (CLOB) charge a 0.04% taker fee. Users that wish to trade on Raydium must hold a minimum of 0.05 SOL to cover network fees. On average, network fees vary between 0.0001 and 0.001 SOL.
Other Services
The Raydium cryptocurrency exchange is part of a broader decentralized finance (DeFi) ecosystem that offers services such as staking and yield farming, as well as allows users to inject liquidity directly.
The platform supports the staking of RAY tokens. In return for their contributions, stakeholders earn a portion of the Raydium crypto fees. Additionally, staking can grant perks like IDO allocations.
Raydium Farms are the platform’s liquidity pools. Here, liquidity providers can generate RAY tokens. Users select which Raydium trading pairs they want to farm and use the LP tokens they received by providing liquidity. Liquidity can be withdrawn at any time.
AcceleRaytor is a Solana launchpad on the Raydium crypto exchange. It allows users to raise capital for their blockchain projects by directly interacting with the Raydium community. RAY token holders can participate in token offerings and receive exclusive project perks.
About the Company
The Raydium crypto exchange was founded in February 2021. The founders of the platform have remained anonymous and are only known as AlphaRay, XRay, and GammaRay. As a decentralized project, it doesn’t have headquarters. The current Raydium volume and market capitalization can be seen above.
Raydium was the first AMM to be built on Solana. This blockchain was chosen to develop Raydium “spot” trading due to its network speeds and low transaction costs. It’s known as one of the fastest blockchains and can process up to 65,000 transactions per second (TPS).
