Raydium
RAY Rank #110Price chart
What is Raydium?
Exchange architecture
Raydium launched on Solana in February 2021. Its original automated market maker combined liquidity pools with Serum's order book. Later infrastructure includes standalone constant-product pools and concentrated-liquidity markets. Concentrated liquidity lets providers choose the price range in which their capital supplies trades. LaunchLab adds token launches that move from a bonding curve into an exchange pool.
RAY issuance
RAY is a Solana token with six decimal places and a maximum supply of 555 million. Its mint authority is disabled. The initial allocation reserved 34% for mining rewards and 30% for ecosystem development. Team, seed, liquidity and adviser allocations account for the remainder. Team and seed vesting finished in February 2024. Farming emissions distribute tokens from the mining reserve rather than raising the supply limit.
Staking and fee purchases
Holders can deposit RAY into the protocol's staking contract to receive RAY rewards. This staking does not operate Solana's validator consensus. Raydium also uses 12% of collected trading fees to purchase RAY. That percentage applies to fee revenue, not to the full value of each swap. Purchased tokens accumulate in a disclosed protocol account instead of being automatically burned. Providing liquidity and making ordinary swaps do not require holding RAY. The token's role is therefore concentrated in staking, incentives and fee-funded purchases.
Where to trade RAY
67 exchanges · top 10
Live spot quotes from connected exchanges
RAY funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.