Raydium

Thing ∙ ID: 11022

Raydium is a decentralized exchange based on the Solana blockchain. It utilizes an automated market maker model, allowing for efficient token swaps, trading, and liquidity provision. It integrates with Serum, enabling users to access a wide range of liquidity and order flow. Key features include a best price swap option and permissionless liquidity pools. The platform's native RAY token can be staked for governance. Raydium, created by the team AlphaRay, XRay, and GammaRay, officially launched on February 21, 2022. It supports all Solana-based SPL tokens and imposes a 0.25% fee on token swaps. The service does not offer leverage or margin trading and is inaccessible in certain regions, including the US.