R

Raydium

RAY

RootData List 2025

Solana decentralized exchange and liquidity protocol

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1h24h7d30d60d90d
0.41%7.43%23.57%130.35%155.11%31.66%

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Details

This content is generated by RD AI and is for reference only

Raydium is a decentralized exchange (DEX) and liquidity protocol built on Solana, composed of permissionless, non-custodial smart contracts. It offers classic AMM pools (constant product x*y=k), concentrated liquidity CLMM, token launch platform LaunchLab, staking farms, and a perpetuals interface. Users connect a Solana wallet to swap tokens, provide liquidity and earn trading fees, launch tokens, or trade perpetuals—without registration or KYC. The protocol is integrated by wallets and aggregators via public APIs and on-chain state, and supports Token-2022. Raydium does not custody funds; assets remain under the user's wallet private key.

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Founded:
2021

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About Raydium

In 2021, Raydium launched AMM v4, the first hybrid AMM on Solana integrating Serum's order book, establishing its DEX position. In December, the legacy AMM v3 was attacked, losing ~$1.34M; the team fully compensated, showing security resilience.

In 2022, CLMM introduced concentrated liquidity. In 2024, CPMM deployed as a clean rewrite of AMM v4, becoming the default constant product pool; LaunchLab launched, creating 3,760 tokens in week one.

In 2025, CLMM TVL surpassed $1B, and CPMM TVL overtook AMM v4, marking maturity. Cumulative buybacks reached 71M RAY (26.4% of supply) for $196.3M. Coinbase and Upbit listed RAY, expanding liquidity.

Updated: Sep 1, 2026

Timon Peng (Co-Founder, Twitter: https://x.com/TimonPeng)

Timon Peng co-founded Raydium in 2021, a Solana-native AMM leveraging Serum's central order book. He previously worked as a full-stack engineer and security researcher, with 10+ years in crypto since 2013. He led engineering for Raydium's frontend, API, and SDK, and contributed to the protocol's migration to OpenBook after the FTX collapse. No other co-founders or current core executives were identified in the provided sources.

Updated: Sep 1, 2026