Back to DeFi Protocols
DEX / AMM$RAYTVL: $1B+
Raydium
About Raydium
Raydium is Solana's leading AMM and liquidity provider, designed to leverage Solana's high-speed, low-cost infrastructure. It integrates with OpenBook's central limit order book (CLOB) for hybrid AMM+order book liquidity. Raydium's AcceleRaytor serves as a launchpad for new Solana projects.
Supported Networks
Key Features
- Hybrid AMM + order book liquidity
- Concentrated liquidity (CLMM)
- AcceleRaytor launchpad
- Farming rewards
- Near-instant settlement on Solana
- Low transaction fees
Risks
- Solana network dependency and outage risk
- Smart contract risk
- Impermanent loss
- Lower liquidity than Ethereum DEXs
- Centralisation of Solana validators
Community & Socials
More DEX / AMM Protocols
Aerodrome Finance
DEX / AMM · TVL: $1B+Aerodrome is the leading DEX on Base (Coinbase's L2), forked from Velodrome on Optimism. It uses the ve(3,3) model where voters direct emissions to liquidity pools, creating flywheel incentives for deep liquidity. Aerodrome has captured the majority of Base's DEX volume and TVL since launch.
Orca
DEX / AMM · TVL: $500M+Orca is a user-friendly DEX on Solana known for its clean interface and concentrated liquidity pools (Whirlpools). It prioritises capital efficiency and ease of use over complexity. Orca has become one of the most-used DEXs on Solana by volume.
Velodrome Finance
DEX / AMM · TVL: $300M+Velodrome is the native DEX of Optimism, using the ve(3,3) model pioneered by Solidly. Voters lock VELO as veVELO to direct liquidity emissions and earn protocol fees. It has become the liquidity infrastructure backbone of the Optimism ecosystem.
Balancer
DEX / AMM · TVL: $1B+Balancer is a flexible AMM that supports multi-asset pools with customisable weightings (not just 50/50). This allows index-like funds, portfolio rebalancing, and innovative pool designs. Balancer V2 introduced a single vault architecture for capital efficiency. The protocol powers many of DeFi's most complex liquidity strategies.