Raydium
Solana AMM and DEX with constant-product and concentrated liquidity pools and the LaunchLab token launcher.
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Raydium key facts
| Category | Decentralized exchange |
|---|---|
| Chains | Solana |
| Platforms | Web, API |
| Custody | Non-custodial |
| Fees | 0.25% on most pools (0.01%, 0.05%, 1% tiers) |
| Launched | February 2021 |
| Security audits | OtterSec, MadShield |
| Token | RAY |
| Chains | Solana |
| US availability | Not available: terms exclude US residents |
RAY token
- Price
- $1.7 -5.4% 24h
- Market cap
- $458M
- Fully diluted value
- $941.5M
- 30-day change
- -27.2%
Market data: CoinGecko, updated Nov 9, 2026. Educational content, not financial advice.
What is Raydium?
Raydium is a decentralized exchange on Solana that launched on mainnet in February 2021 as an AMM linked to the Serum orderbook. It runs AMM v4, CPMM and CLMM pools plus LaunchLab. Most pools charge a 0.25% trading fee, with 0.01%, 0.05% and 1% tiers.
How Raydium works
Raydium's router quotes every eligible pool for a pair and picks the one with the highest output after fees, breaking ties by TVL and preferring a single pool over a multi-hop route.
Large trades can split across pools, for example 60% through a CLMM pool and 40% through a CPMM pool. On AMM v4 pools the 0.25% fee splits 88% to LPs and 12% to the protocol, or 0.22% and 0.03% of volume.
CPMM pools charge a trade fee split among LPs, the protocol and a fund, plus an optional creator fee charged separately; a pool with a 0.10% creator fee and 0.25% trade fee costs 0.35% in total. LaunchLab is the token launcher, and Raydium Perps runs on Orderly Network infrastructure. Since a September 19, 2026 program upgrade, the protocol also takes a share of accrued creator fees, carved out of the creator's bucket when those fees are collected rather than out of the trade fee.
How to start with Raydium
- You need a non-custodial Solana wallet that supports versioned transactions, some SOL and a browser.
- Raydium has no account, KYC, email check or minimum deposit.
- The docs suggest at least 0.05 SOL to start, since each transaction costs about 0.000005 SOL plus a priority fee.
- At raydium.io/swap, pick tokens, review the route, keep the default 0.5% slippage or adjust it, choose a Normal, Fast or Turbo priority fee and sign.
- Confirmation usually takes 5 to 15 seconds.
Raydium fees and limits
- Swap fees depend on the pool: 0.25% on most pools, with 0.01%, 0.05% and 1% tiers, plus any creator fee on CPMM pools.
- Raydium Perps charges 0 bps on maker orders and volume-tiered taker fees, of which Orderly takes 1 bp.
- Each Perps withdrawal carries a flat 1 USDC fee charged by Orderly Network.
Risks to know before using Raydium
- In December 2022 an AMM v4 pool authority key was compromised and several pools were drained.
- Raydium's history page describes it as an operational key-management failure, not a program bug, and says it led to multisig control and public transparency.
- The trust and safety page states that raydium.io is the only official domain.
- It warns that token tickers and logos can be copied, so you should verify mint addresses.
Raydium usage
From DefiLlama (TVL) (fees users paid), updated Nov 9, 2026.
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Where Raydium ranks on DappAtlas
Raydium pros and cons
- 0.25% fee on most pools, with 0.01% and 0.05% tiers
- Audits by OtterSec and MadShield
- Admin roles moved to a Squads multisig after 2022
- Pool authority key compromise in December 2022 drained several pools
- 1% fee tier on some pools
- Token-2022 transfer fees can add to swap cost
- Terms list the USA as a prohibited jurisdiction
Raydium FAQ
What is Raydium?
Raydium is a decentralized exchange on Solana that launched on mainnet in February 2021 as an AMM linked to the Serum orderbook. It runs AMM v4, CPMM and CLMM pools plus LaunchLab. Most pools charge a 0.25% trading fee, with 0.01%, 0.05% and 1% tiers.
How much value is locked in Raydium?
$1B according to DefiLlama on Nov 9, 2026. It is deployed on 1 chain: Solana.
How much does Raydium cost?
0.25% on most pools (0.01%, 0.05%, 1% tiers), according to Raydium’s own page (checked Sep 26, 2026).
How much do users pay Raydium in fees?
$12.6M over the last 30 days, according to DefiLlama on Nov 9, 2026.
Does Raydium have a token?
Yes, RAY. Its market cap was $458M on CoinGecko on Nov 9, 2026. Educational content, not financial advice.
Is Raydium available in the US?
Not available: terms exclude US residents, according to Raydium’s own page (checked Sep 26, 2026).
Does Raydium hold my funds?
No. Raydium is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Raydium: official site, Raydium: Docs FAQ, Raydium: History and milestones. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.