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Raydium

DEX · Hybrid AMM + Orderbook · RAY

NetworkDEXHybrid AMM + OrderbookSpotSolana-NativeNon-EVM1 coinsAudited

Raydium is Solana's major AMM with a hybrid model — it shares liquidity with the OpenBook central limit order book, so AMM and orderbook flow benefit each other. It is the dominant venue for Solana meme-coin liquidity.

Solana's major hybrid AMM + orderbook DEX.

Protocol TVL

$888.6M

+2.1% 24h

Latest data · 15 min delay

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Risks identified

  • Smart Contract

    On-chain logic upgrades, bugs, or parameter errors can impair user funds.

  • Market

    Token, collateral, or peg volatility affects protocol solvency and user outcomes.

  • Liquidity

    Thin markets make exits, liquidations, or redemptions harder during stress.

  • Impermanent loss

    LPs face divergence loss when pool asset prices move apart.

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