Costs, licensing, consumer protection Privacy, self-custody, censorship resistance
A B DEX – Decentralized Exchanges

Raydium

Raydium

Raydium Holding Foundation

Status
DAO
Legal HQ
No Physical Headquarters
Founded
2020
Corporate site
raydium.io

Raydium is a decentralized DeFi protocol on Solana made available by the Raydium Holding Foundation, which does not own or control the protocol or its transactions. The native RAY token is a governance token, not a listed equity. The protocol is not accessible to US residents and other sanctioned jurisdictions.
4.1/5 3.2/5 · Data verified on

Raydium is a Solana DEX with a hybrid AMM and order-book model, around $813M in TVL and meme-coin launch features via LaunchLab. Its drawbacks include a 2022 hack of roughly $4.4M and full dependence on the Solana network.

61
Transparency: Medium
61/100 · see methodology
61
Data exposure: Medium
61/100 · lower is better for sovereignty · methodology

Data & conditions

Liquidity model AMM
Maker / Taker fee 0.01% / 1%
Markets Spot
Supported chains Solana
TVL (as of Jun 13) $1B
24h volume $435M
Native token RAY
Fund custody Non-custodial (funds in your wallet)
Supported wallets Phantom, Solflare, Backpack, Ledger
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)
Governance DAO + RAY token (governance + fee incentives)
KYC Full
Supported countries US, EEA, APAC, LATAM, MENA, AFRICA · 200+ countries
Regulator None
Segment B2C
MiCA / License status None (decentralized protocol) N/D (DEX Solana)

Strengths

  • AMM + orderbook ibrido; $813M TVL; meme coin launching (LaunchLab).
  • Self-custody: funds stay in your wallet — the platform cannot touch them.
  • Permissionless and decentralized: no approval needed to operate.
  • Public security audits.

Weaknesses

  • Hack 2022; only Solana.
  • Full KYC required: verified identity, zero pseudonymity.
  • Subject to regulation (N/D (DEX Solana)): reporting to authorities and freezes on order.

Verdict

A B ★ 4.1/5 ★ 3.2/5

Raydium is a Solana DEX with a hybrid AMM and order-book model, around $813M in TVL and meme-coin launch features via LaunchLab. Its drawbacks include a 2022 hack of roughly $4.4M and full dependence on the Solana network.

Privacy & anonymity 30% 2.3
Fund control 20% 5.0
Censorship resistance 20% 3.3
Trustless / auditability 20% 4.2
Costs 10% 0.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

FAQ

Is Raydium truly decentralized?

Raydium is a non-custodial decentralized exchange: funds stay in your wallet. Liquidity model: AMM (CLMM). Governance token: RAY.

Which blockchains does Raydium support?

Raydium is available on Solana.

What is Raydium's TVL?

Raydium's Total Value Locked is about $1B (snapshot 2026-06-13). The figure is dynamic: check the live value on DefiLlama.

What are Raydium's fees?

Raydium's trading fees range 0.01% – 1%. On top of these there are on-chain gas fees, which vary with network congestion.

Does Raydium support perpetuals and leverage?

Raydium does not offer perpetuals. It supports spot token swaps.

Sources

Show 4 more sources

Update history

✓ Terms unchanged since Jun 1, 2026

🔔 Notify me of changes

Alternatives to Raydium

Other services worth considering

S ★ 5.0 Hyperliquid CLOB · fee 0.02% S ★ 4.9 Uniswap AMM · fee 1% S ★ 4.8 Jupiter (DEX Aggregator) Hybrid · fee 0% A ★ 4.3 1inch (DEX Aggregator) Hybrid · fee 0%
Visit official website ↗

← Back to DEX – Decentralized Exchanges