What Is Raydium?
Raydium is an automated market maker (AMM) launched in February 2021 on the Solana blockchain.
Background
An anonymous team led by Aplharay launched Raydium in 2021.
How It Works
Raydium uses the Serum orderbook for trading and differs from other AMMs by converting resident liquidity to limit orders on Serum’s orderbooks, thus providing competitive swap prices to its users. Its utility and governance token, RAY, allows holders to earn from protocol fees, staking rewards, IDO allocations, and Dropzone NFT tickets.
Raydium evaluates liquidity on the pool and the Serum orderbook to facilitate trading. It also features AcceleRaytor (launchpad), staking, farming, Dropzone (NFT launchpad), and an NFT marketplace powered by Magic Eden.
Key Takeaways
- Raydium is an automated market maker (AMM) on the Solana blockchain.
- It was launched by an anonymous team in 2021.
- The platform uses the Serum orderbook for trading and offers competitive swap prices.
- Raydium’s utility and governance token, RAY, provides various benefits to holders, including protocol fees, staking rewards, IDO allocations, and Dropzone NFT tickets.
- Raydium offers several features, including AcceleRaytor (launchpad), staking, farming, Dropzone (NFT launchpad), and an NFT marketplace powered by Magic Eden.