Raydium is Solana's AMM + orderbook hybrid — the deepest AMM liquidity on Solana and the primary route for Pump.fun graduating tokens. Essential Solana DeFi infrastructure with a memecoin-heavy volume mix.
What Raydium is
Raydium started as a Serum-integrated AMM in 2021 and evolved into Solana's dominant AMM. Its concentrated liquidity pools (CLMM) and standard AMM pools combined process the majority of Solana DEX volume.
Pump.fun graduations (memecoins that reach $69k market cap on Pump.fun) automatically deploy to Raydium — this pipe has made Raydium the reference venue for post-launch memecoin liquidity.
Fees
- Swap fee: 0.25% standard AMM, variable for CLMM
- LP rewards: trading fees + RAY emissions on incentivized pools
- RAY staking: earn protocol fee share
Verdict
Raydium is Solana's AMM backbone. Deepest liquidity on SOL + Pump.fun graduation pipe = essential venue for anyone active in Solana memecoin trading.