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Hybrid AMM and on-chain order book liquidity engine with an integrated launchpad.
90% of the world is underexposed and you’re bearish???
RT @0xINFRA: Q3 by all metrics was a big quarter for Solana and HUGE quarter for @Raydium and tokenized asset growth. Tokenize everything.
Bidding any memes?
$UVXY is live on Raydium. ProShares Ultra VIX Short-Term Futures ETF provides leveraged exposure to short-term VIX futures. Now trading 24/7 on Solana via @sunrise and @Backpack Securities. https://t.co/aG0JdqrTK2
How much SOL does a flying car cost?
Community shows mixed sentiment with genuine commentary split between casual interest in specific token launches (particularly $YOKAI) and presales, skepticism about inflationary mechanics, and general Solana ecosystem enthusiasm. Most engagement consists of low-effort spam and participation-begging rather than substantive analysis.
@LaunchOnSF @Raydium All in ✊ https://t.co/Cp7sjOr6cg
@Raydium Black Monday but MemesAI goes up 🐙
@kidsdotfun @Raydium The burn mechanism makes $YOKAI interesting. Watching how this launch unfolds.
@Raydium Accumulating an inflationary token is a foolish move.
@EVERYTHINGrwas @Raydium Let’s do it @Raydium tokenize solana:E6vtwCUtcNJdQEPGY8vWKahtu2sfwxQ4j68pUKm7pump
@Raydium We like stocks on Solana
Raydium is one of Solana's original and largest decentralized exchanges. It launched in February 2021 as Solana's first hybrid AMM, combining constant-product liquidity pools with the Serum central limit order book (later OpenBook), so pool liquidity was also available to order-book traders.
The protocol now runs six on-chain programs: the legacy AMM v4, the CPMM standard pool (the default for new pools, with native Token-2022 support), CLMM concentrated liquidity (launched in August 2022 as the first concentrated-liquidity DEX on Solana), farm and staking contracts, the LaunchLab bonding-curve launchpad, and perpetual futures via Orderly Network (in beta). CPMM's TVL overtook AMM v4 in January 2025, and CLMM TVL passed $1 billion in July 2025.
Trading fees are split between liquidity providers and the protocol: on CLMM and CPMM pools, 84% goes to LPs, 12% to RAY buybacks and 4% to the treasury. AMM v4 pools pay 88% to LPs and 12% to buybacks.
Q3 2026 showed how fast Raydium's activity can swing. After its quietest month since 2023 in July, it closed the quarter with $16.1B in volume, excluding wash trading, and $57.1M in fees, roughly triple Q2. LaunchLab drove much of that: launches jumped from 5,420 in August to 156,294 in September after the StonkFun launchpad moved onto it. Pairs involving tokenized stocks reached $4.14B in volume for the quarter. The protocol bought back 4.58M RAY, worth $5.15M, over those three months.