About Raydium
Raydium is a decentralized exchange and automated market maker on the Solana blockchain. It combines AMM liquidity pools with a central limit order book, allowing token swaps, liquidity provision, and token launches. Three pseudonymous co-founders built the project: AlphaRay (strategy), XRay (technology), and GammaRay (marketing). Development began in late 2020, and Raydium launched on 21 February 2021, which also served as its token generation event. Raydium runs as a set of permissionless, non-custodial smart contracts on Solana's proof-of-stake network. It supports three pool types: classic constant-product pools, concentrated liquidity pools, and hybrid AMM pools. The native token, RAY, is used for staking to earn a share of protocol fees, receiving allocations in launchpad and IDO events, and voting on governance proposals. RAY has a fixed maximum supply of 555 million tokens, set at genesis with minting authority disabled. Circulating supply remains below that cap. Raydium handles a large share of Solana's on-chain trading activity, with its LaunchLab platform supporting new project launches and its routing layer directing swaps across the broader Solana ecosystem.
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A sourced map of Raydium's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Raydium and the wider market, hosted by our team, will appear here once episodes are live.