Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum distributed exchange (DEX). Raydium has a first-mover advantage as an AMM within Serum and will be an integral part of bringing new and existing projects and protocols into the network ecosystem.
The protocol will act as a bridge for projects looking to expand to Solana and Serum, and in the process Raydium and the RAY token will become a foundation for enabling further development with partners, its own platform, and the network ecosystem as a whole. In practice, unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook, meaning that Raydium LPs get access to the entire orderflow and liquidity of Serum. Latest snapshot shows market cap near $165,071,624, 24h volume around $45,895,532, 24h change down 7.74%. DexBrief is currently monitoring a live market route on Solana via Pumpswap. Live pricing and venue coverage on this page currently come from 5 public market feeds.
Contract references point to Solana as the primary asset platform. Raydium's primary project footprint is tied to the Solana network. Raydium is commonly screened under Decentralized Exchange (DEX), Exchange-based Tokens, and Decentralized Finance (DeFi). Tracked contract metadata currently maps across Solana.