Raydium Swap | DEX and AMM on Solana at raydium.io
Raydium is one of the leading decentralized exchanges (DEX) and automated market makers (AMM) on the Solana blockchain, available at raydium.io. It provides lightning-fast token swaps, deep on-chain liquidity, yield farming, concentrated liquidity pools, and a native token launchpad — all from a single non-custodial interface powered by Solana's high-throughput infrastructure.
Launched in February 2021, Raydium has grown into one of Solana's core liquidity hubs with over $2 billion in total value locked (TVL) and more than $51 billion in quarterly trading volume. Whether you want to execute a quick Raydium swap, provide liquidity to earn fees, farm yield, or launch a new token, raydium.io offers the full infrastructure to participate in Solana DeFi at the lowest possible cost.
What is Raydium?
Raydium is a decentralized exchange and automated market maker built natively on the Solana blockchain, founded in 2021 by a pseudonymous team with backgrounds in algorithmic trading and traditional finance. It was designed from the ground up to solve the liquidity challenges common to early Solana DEXs — combining AMM liquidity pools with access to OpenBook's central limit order book for deeper price discovery and tighter spreads.
At its core, Raydium uses smart contract-powered liquidity pools to facilitate token swaps without the need for a traditional counterparty. When you perform a Raydium swap, the protocol automatically routes your trade through the most efficient path across all available pool types — AMM V4, CPMM, and CLMM — to deliver the best possible price at raydium.io.
Raydium is non-custodial. At no point does the platform hold your assets — all transactions execute directly from your connected Solana wallet.
Why Use Raydium?
Light-Speed Swaps at Minimal Cost
Raydium swap transactions execute in under a second thanks to Solana's high-performance blockchain. Network fees on raydium.io are a fraction of a cent — typically between $0.00025 and $0.001 per transaction — making Raydium one of the most cost-efficient DEXs available anywhere in DeFi.
Best Price Routing Across All Pools
Raydium automatically determines the optimal swap route across its AMM V4, CPMM, and CLMM pool architectures, as well as OpenBook's central order book. The result is that every Raydium swap delivers the best available price with minimal slippage at raydium.io.
Deep Liquidity Across 8,000+ Markets
Raydium provides access to over 8,000 token markets on Solana — from major assets like SOL, USDC, wBTC, and wETH, to hundreds of memecoins and newly launched SPL tokens. With $2+ billion in TVL, raydium.io is one of the deepest on-chain liquidity sources on Solana.
Earn Fees as a Liquidity Provider
Beyond swapping, Raydium allows anyone to deposit tokens into liquidity pools and earn a share of all trading fees generated by Raydium swap activity. Liquidity providers (LPs) at raydium.io earned $87 million in fees in Q3 2025 alone — averaging nearly $1 million per day.
Full Token Lifecycle Support via LaunchLab
Raydium is the only major Solana DEX that supports the complete token lifecycle — from initial token launch and bonding curve trading through LaunchLab, to AMM pool migration and secondary market trading — all natively at raydium.io.
Non-Custodial and Open Source
Raydium is fully non-custodial. Smart contracts are open source, regularly audited, and all trades execute directly from your wallet at raydium.io with no platform custody of funds at any time.
Governed by the RAY Token
Raydium is governed by the community through the RAY token. A portion of all Raydium swap fees is used for programmatic RAY buybacks, supporting the long-term health of the raydium.io ecosystem.
Key Features of Raydium
Raydium Swap
The Raydium swap interface is the primary entry point for most users at raydium.io. It supports all Solana SPL tokens and Token-2022 standard tokens, and routes every swap through the optimal path across all pool types. When you initiate a Raydium swap:
The protocol scans AMM V4, CPMM, CLMM pools and the OpenBook order book simultaneously
It selects the route with the lowest price impact and best output amount
The swap executes in under one second directly from your connected wallet
Network fees are fractions of a cent per transaction on raydium.io
Raydium swap fees are 0.25% for standard AMM pools, with a portion (0.22%) returned to liquidity providers and 0.03% allocated to RAY buybacks at raydium.io. CLMM and CPMM pools offer variable fee tiers from 0.01% to 1%, chosen by pool creators.
AMM V4 Pools (Automated Market Maker)
Raydium's AMM V4 pools are classic constant-product pools — the foundational Raydium swap engine that has powered trading on raydium.io since 2021. These pools:
Use the XY=K constant-product formula for continuous pricing
Share liquidity with OpenBook's central limit order book for improved price execution
Accept all standard Solana SPL tokens
Charge a flat 0.25% swap fee, with 0.22% distributed to LPs and 0.03% to RAY buybacks
AMM V4 remains the primary high-volume engine for speculative and memecoin trading activity at raydium.io.
CPMM Pools (Constant Product Market Maker)
Raydium CPMM pools are the latest generation of constant-product liquidity pools at raydium.io, featuring:
Full support for the Solana Token-2022 standard, including scaled UI extensions
Flexible fee configurations with multiple fee tiers
No OpenBook market requirement — simpler and cheaper to create
Anchor-compatible, open-source smart contracts
LP fee share of 84% (versus 16% to protocol)
CPMM pools have become the fastest-growing segment of Raydium swap volume, contributing nearly half of all swap revenue at raydium.io in recent quarters.
CLMM Pools (Concentrated Liquidity Market Maker)
Raydium CLMM pools allow liquidity providers to concentrate capital within a specific price range — dramatically increasing capital efficiency compared to standard AMM pools. Key characteristics of Raydium CLMM at raydium.io:
LPs select a min/max price range for their liquidity position
Capital earns fees only while the market price trades within the chosen range
Higher capital efficiency — more trading fees relative to capital deployed when in-range
Each CLMM position is represented by an NFT minted to the LP's wallet
Multiple non-overlapping positions can be opened in the same pool
Supports fee tiers from 1 bps to 200 bps depending on asset volatility
Supports RWA (real-world asset) permissioned trading via allowlist functionality
CLMM pools are preferred by advanced liquidity providers and institutional participants at raydium.io seeking optimized yield from Raydium swap fee generation.
Yield Farming
Raydium offers yield farming across its AMM, CPMM, and CLMM pool types. By depositing tokens into a liquidity pool and staking the resulting LP tokens in a farm at raydium.io, users earn:
A share of all Raydium swap trading fees generated by the pool
Additional RAY token rewards funded by the protocol
Project-specific token rewards via Fusion pools, where new Solana projects incentivize Raydium liquidity providers directly
Annual percentage yields (APYs) on Raydium farms vary from single digits for stable pairs to triple digits for new or high-volume pools during speculative cycles at raydium.io.
RAY Staking
Raydium allows holders of the RAY governance token to stake directly at raydium.io to earn additional RAY rewards without exposure to impermanent loss. Staking rewards are funded from a portion of Raydium swap trading fees collected by the protocol, and distributed proportionally to all stakers. RAY staking also entitles holders to participate in AcceleRaytor IDO token sales.
LaunchLab (Token Launchpad)
Raydium LaunchLab, launched in April 2025, is a permissionless token creation and launchpad platform built directly into raydium.io. LaunchLab allows any user or project to:
Create and launch a new Solana token for free using JustSendit (default) mode
Configure custom bonding curves, SOL raise targets, and token supply via LaunchLab mode
Automatically migrate liquidity to a Raydium AMM or CPMM pool once the bonding curve fills (default: 85 SOL)
Earn 10% of LP trading fees post-migration via the Burn & Earn mechanism
Generate referral links to earn 0.1% of referred Raydium swap trades in SOL
LaunchLab generated $12.8 million in revenue in Q3 2025 — a 220% increase quarter-over-quarter — making it Raydium's single largest revenue stream at raydium.io. Major platforms including LetsBonk (by the Bonk Foundation) and BONKfun are integrated with Raydium LaunchLab.
AcceleRaytor (IDO Launchpad)
Raydium AcceleRaytor is the platform's dedicated IDO (Initial DEX Offering) launchpad at raydium.io. New Solana projects use AcceleRaytor to conduct public token sales to the Raydium community, while RAY stakers receive priority allocation and early access to promising launches.
Perpetuals Trading
Raydium offers decentralized perpetual futures trading at raydium.io, powered by Orderly Network. Traders can go long or short on major Solana assets with:
0% maker fee and 0.025% taker fee
Deep on-chain order book liquidity
Settlement in USDC directly from your connected wallet
No accounts or KYC required to trade perps at raydium.io
How to Use Raydium
Getting Started
Open your browser and navigate to raydium.io.
Click Connect Wallet in the top-right corner.
Select your Solana wallet — Raydium supports Phantom, Solflare, Backpack, Ledger, Coinbase Wallet, and all major Solana-compatible wallets.
No registration, email, or KYC is required to use raydium.io.
How to Swap Tokens on Raydium
Go to raydium.io and open the Swap tab.
Select the token you want to sell and the token you want to receive.
Enter the amount — Raydium instantly shows the best available rate and routing path.
Adjust slippage tolerance if needed (default is suitable for most trades).
Click Swap and confirm the transaction in your wallet.
The Raydium swap executes in under one second, directly from your wallet.
How to Provide Liquidity on Raydium
Navigate to the Liquidity section at raydium.io.
Choose the pool type: AMM V4, CPMM, or CLMM.
Select a token pair and enter equal values of both tokens (for AMM/CPMM) or set your price range (for CLMM).
Confirm the deposit — you will receive LP tokens representing your share of the Raydium pool.
Optionally stake your LP tokens in a Farm at raydium.io to earn additional RAY rewards on top of trading fees.
How to Farm Yield on Raydium
Go to the Farms section at raydium.io.
Browse available Raydium farms and select one matching your LP tokens.
Deposit your LP tokens into the farm and confirm.
Earn RAY and project-specific token rewards continuously — claimable at any time from raydium.io.
How to Stake RAY on Raydium
Hold RAY tokens in your Solana wallet.
Open the Staking section at raydium.io.
Enter the amount of RAY to stake and confirm.
Earn RAY staking rewards funded by Raydium swap protocol fees, with no impermanent loss risk at raydium.io.
How to Launch a Token with Raydium LaunchLab
Navigate to LaunchLab at raydium.io.
Choose JustSendit (simple mode) or LaunchLab (custom configuration).
Enter your token name, symbol, supply, and metadata.
Set your SOL raise target and bonding curve parameters (LaunchLab mode).
Click Launch and confirm. Your token is live and tradeable via Raydium swap immediately.
Once the bonding curve fills, liquidity automatically migrates to a Raydium AMM or CPMM pool at raydium.io.
RAY Token
The RAY token is the native governance and utility token of Raydium, serving several core functions within the raydium.io ecosystem:
Staking rewards — Stake RAY at raydium.io to earn a share of protocol trading fees
Governance — RAY holders participate in key platform decisions
Liquidity mining — RAY is distributed as additional rewards to Raydium liquidity providers and farmers
IDO access — RAY stakers receive priority allocation in AcceleRaytor token launches at raydium.io
Buyback mechanism — 12% of all Raydium swap fees across every pool type are programmatically used to buy back RAY from the open market, creating continuous demand. As of 2025, over 68 million RAY (more than 12% of maximum supply) have been repurchased using over $188 million in protocol revenue at raydium.io
Supported Tokens and Assets
Raydium swap supports every token built on Solana, including:
SOL — Solana's native coin
USDC and USDT — major stablecoins on Solana
wBTC and wETH — wrapped Bitcoin and Ethereum on Solana
RAY — Raydium's native governance token
BONK, WIF, TRUMP, POPCAT and all major Solana memecoins
All SPL tokens — the Solana token standard
Token-2022 standard tokens including scaled UI extensions
All tokens launched via LaunchLab — immediately tradeable via Raydium swap at raydium.io
Supported Wallets
Raydium is compatible with all major Solana wallets:
Phantom
Solflare
Backpack
Ledger (via Solana wallet interfaces)
Coinbase Wallet
Trust Wallet
Any wallet supporting the Solana wallet adapter standard
Connect your wallet at raydium.io with no registration required.
Security at Raydium
Raydium has one of the strongest security track records among Solana DEXs:
Regular Third-Party Audits — Raydium smart contracts (AMMs, CLMMs, staking, OpenBook migration) have been audited by Kudelski Security, OtterSec, and MadShield at raydium.io.
Bug Bounty Program — Raydium offers a maximum $505,000 bug bounty reward through Immunefi, incentivizing security researchers to identify vulnerabilities before they can be exploited.
Non-Custodial Architecture — Raydium never holds your funds. Every Raydium swap and liquidity operation executes directly from your connected wallet at raydium.io.
Open Source Code — All Raydium smart contracts are publicly available for independent audit and review.
Incident Response History — Following a 2022 security incident caused by a compromised admin wallet, Raydium removed all single points of control, fully reimbursed affected users, and implemented additional security reviews — demonstrating responsible platform stewardship at raydium.io.
Best practices when using Raydium:
Always access Raydium directly at raydium.io — bookmark the official URL to avoid phishing.
Never interact with pools or tokens from unverified sources.
For CLMM positions, actively monitor your price range — liquidity earns fees only while the market trades within your selected range at raydium.io.
When providing liquidity in new LaunchLab pools, research the project carefully to assess rug-pull risk before depositing.
Common Issues and Solutions
Raydium swap failing — Ensure you have sufficient SOL for network fees. Increase slippage tolerance in Raydium swap settings if trading volatile or low-liquidity tokens at raydium.io.
High price impact warning — For large trades, consider splitting the swap into multiple smaller transactions at raydium.io to reduce market impact.
CLMM position out of range — If the market price moves outside your CLMM price range on Raydium, your liquidity stops earning fees. Create a new position with an updated range at raydium.io.
Token not found in search — Search by the token's mint address if the name or ticker is not recognized. Raydium swap supports all Solana tokens including unverified and newly launched assets at raydium.io.
Wallet not connecting — Ensure your Solana wallet is unlocked and up to date. Refresh raydium.io and try reconnecting. Make sure you are on the official raydium.io domain.
LP tokens not showing — Verify the token pair and pool type used when depositing. Check the Portfolio section at raydium.io for a full view of your active positions.
Frequently Asked Questions
What is Raydium? Raydium is a decentralized exchange (DEX) and automated market maker (AMM) on the Solana blockchain, available at raydium.io. It enables fast, low-cost token swaps, liquidity provision, yield farming, perpetuals trading, and token launches.
What is a Raydium swap? A Raydium swap is a token exchange executed through Raydium's smart contract pools at raydium.io. The protocol automatically routes each trade through the best available pool — AMM V4, CPMM, or CLMM — to deliver the optimal price with minimal slippage.
Is Raydium free to use? Raydium is free to access at raydium.io. You pay only a small Raydium swap fee (0.25% for AMM pools, variable for CPMM/CLMM) plus Solana network fees typically under $0.001 per trade.
Is Raydium non-custodial? Yes. Raydium never holds your funds. All trades, liquidity operations, and farming actions execute directly from your connected Solana wallet at raydium.io.
Does Raydium require KYC? No. Raydium requires no identity verification, registration, or personal information. Connect your wallet at raydium.io and start trading immediately.
What is the RAY token? RAY is the native governance and utility token of Raydium. It is used for staking rewards, governance participation, liquidity mining incentives, and IDO access via AcceleRaytor at raydium.io. A portion of all Raydium swap fees is used for automatic RAY buybacks.
What is the difference between AMM, CPMM, and CLMM pools on Raydium? AMM V4 at raydium.io is the classic constant-product pool integrated with the OpenBook order book. CPMM is Raydium's newer constant-product pool with Token-2022 support and flexible fees. CLMM is a concentrated liquidity pool where LPs choose a specific price range for higher capital efficiency. All three are used for Raydium swap routing at raydium.io.
Can I launch a token on Raydium? Yes. Raydium LaunchLab allows any user to create and launch a Solana token for free at raydium.io. Tokens are immediately tradeable via Raydium swap, and liquidity automatically migrates to a permanent AMM pool once the bonding curve fills.
What wallets work with Raydium? Raydium supports Phantom, Solflare, Backpack, Ledger, Coinbase Wallet, and all wallets compatible with the Solana wallet adapter standard. Connect at raydium.io.
The Future of Raydium
Raydium continues to expand its product suite and deepen its role as Solana's core liquidity infrastructure:
Raydium V3 — a new major protocol upgrade currently in beta, introducing further improvements to pool architecture and Raydium swap routing at raydium.io
RWA support — expansion of CLMM pools to support real-world asset (RWA) trading with permissioned allowlists for regulatory compliance at raydium.io
Token-2022 expansion — continued rollout of Token-2022 standard support across LaunchLab and all pool types
AI integrations — Raydium pools and LaunchLab are integrated with Solana Agent Kit (SendAI), enabling AI agents to perform Raydium swap and liquidity operations autonomously at raydium.io
Expanded RAY buybacks — as LaunchLab revenue grows, protocol buybacks of RAY intensify, reducing circulating supply
Institutional liquidity — deeper integration with asset tokenization platforms and institutional DeFi participants via CLMM permissioned pools on raydium.io
Devnet UI — a fully functional developer and testing environment live at raydium.io for builders testing new pool integrations and swap logic
With $2B+ TVL, $51B+ quarterly volume, 8,000+ token markets, and a fully integrated token launchpad generating over $12 million per quarter, raydium.io is positioned as the foundational liquidity layer for all of Solana DeFi — now and into the future.
Raydium is more than a swap aggregator — it is the engine that powers on-chain liquidity on Solana. Whether you are performing a quick Raydium swap, earning yield as a liquidity provider, farming RAY rewards, trading perpetuals, or launching a new Solana token via LaunchLab, raydium.io gives you the speed, depth, and tools to participate fully in Solana's DeFi ecosystem at the lowest possible cost.
Visit raydium.io today and experience the next evolution of decentralized trading on Solana.