Raydium vs Jupiter (DEX Aggregator)
Different architectures: Raydium runs AMM, Jupiter (DEX Aggregator) hybrid model — execution, slippage and UX all change. On liquidity Jupiter (DEX Aggregator) dominates: $2.8B TVL vs $1B. Only Jupiter (DEX Aggregator) offers perpetuals. In our editorial rating Jupiter (DEX Aggregator) leads (4.8 vs 4.1). Also check supported chains and network costs from your wallet: they often matter more than protocol design.
| Raydium | Jupiter (DEX Aggregator) | |
|---|---|---|
| Tier | A | S |
| Rating | ★ 4.1 | ★ 4.8 |
| Liquidity model | AMM | Hybrid |
| Maker / Taker fee | 0.01% / 1% | 0% / 0% |
| Markets | Spot | Spot + Perp |
| Supported chains | Solana | Solana |
| TVL (as of Jun 13) | $1B | $2.8B |
| 24h volume | $435M | $500M |
| Native token | RAY | JUP |
| Fund custody | Non-custodial (funds in your wallet) | Non-custodial (funds in your wallet) |
| Supported wallets | Phantom, Solflare, Backpack, Ledger | Phantom, Solflare, Backpack, Ledger, Jupiter Mobile |
| Audits | Kudelski Security (Q2 2021), OtterSec (Q3 2022 - CLMM/staking), MadShield/OShield (Q2 2023 - AMM; Q1 2024 - CP-swap), Halborn (Q4 2024; Q2 2025), Sec3 (Q3 2025; Q2 2026) | Offside Labs (Swap v6, Perpetuals, Lend, Limit Order v2, DAO), OtterSec (Perpetuals, Lend, Lock), Sec3 (Swap v3, Perpetuals, Lock), Mixbytes (Lend Vault), Zenith (Lend) |
| Governance | DAO + RAY token (governance + fee incentives) | DAO + JUP token (governance paused in 2025, resumed 2026) |
| KYC | Full | Full |
| Supported countries | US, EEA, APAC, LATAM, MENA, AFRICA · 200+ countries | US, EEA, APAC, LATAM, MENA, AFRICA · 200+ countries |
| Regulator | None | None |
| Segment | B2C | B2C |
| Regions | US, EU/EEA, APAC, LATAM, MENA, Africa | US, EU/EEA, APAC, LATAM, MENA, Africa |
| Licences & safety | None (decentralized protocol) | None (decentralized protocol) |
Frequently asked questions
Raydium vs Jupiter (DEX Aggregator): which is better?
Different architectures: Raydium runs AMM, Jupiter (DEX Aggregator) hybrid model — execution, slippage and UX all change. On liquidity Jupiter (DEX Aggregator) dominates: $2.8B TVL vs $1B. Only Jupiter (DEX Aggregator) offers perpetuals. In our editorial rating Jupiter (DEX Aggregator) leads (4.8 vs 4.1). Also check supported chains and network costs from your wallet: they often matter more than protocol design.
Is Raydium custodial or self-custody?
Raydium is self-custody: you keep the keys, while Jupiter (DEX Aggregator) is self-custody.