Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable faster trades, shared liquidity and new features for earning yield.

Raydium is a leading decentralized exchange (DEX) and automated market maker (AMM) built on the Solana blockchain. Originally launched as an AMM integrated with Serum’s on-chain order book, it has evolved into a comprehensive DeFi liquidity protocol offering token swaps, concentrated liquidity (CLMM), permissionless liquidity pools, token launch infrastructure (LaunchLab/AcceleRaytor), and perpetual trading through its interface. RAY is the protocol’s native SPL token, primarily used for staking, governance alignment, liquidity incentives, and protocol fee buybacks.