{"id":"raydium","title":"Raydium","content":"**Raydium (RAY)** is an on-chain order book [automated market maker](https://iq.wiki/wiki/automated-market-maker) (AMM) built on the [Solana blockchain](https://iq.wiki/wiki/solana) that shares liquidity with the [Serum](https://iq.wiki/wiki/serum) [decentralized exchange](https://iq.wiki/wiki/decentralized-exchange). The [Raydium](https://iq.wiki/wiki/raydium) [mainnet](https://iq.wiki/wiki/mainnet) launched in February 2021. [\\[1\\]](#cite-id-Lzp6lPAm4Z) [\\[2\\]](#cite-id-sP4kjcuOUM)\n\n$$widget0 [YOUTUBE@VID](wgOVsD5dUoI)$$\n\n## Overview\n\nAs an AMM, [Raydium](https://iq.wiki/wiki/raydium) enables digital assets, such as [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), to be traded in a [permissionless](https://iq.wiki/wiki/permissionless) way through the use of [liquidity pools](https://iq.wiki/wiki/liquidity-pool), which have emerged as one of the main tools of [Decentralized Finance](https://iq.wiki/wiki/defi) (DeFi). Liquidity pools rely on individuals, referred to as [liquidity providers](https://iq.wiki/wiki/liquidity-providers), who lock their assets in a liquidity pool [smart contract](https://iq.wiki/wiki/smart-contract). These locked assets can then be utilized as the trading pair within a given market for traders on the decentralized exchange. [\\[2\\]](#cite-id-sP4kjcuOUM)\n\n[Raydium](https://iq.wiki/wiki/raydium) combines the flexibility of an [Automated Market Maker](https://iq.wiki/wiki/automated-market-maker) (AMM) with the reliability of [Serum's](https://iq.wiki/wiki/serum) traditional order book mechanism. This integration supports effective, liquid, and low-fee trading of digital assets on [Solana](https://iq.wiki/wiki/solana), providing an additional source of liquidity. [\\[2\\]](#cite-id-sP4kjcuOUM)\n\n$$widget0 [YOUTUBE@VID](l5ULs0npUUo)$$\n\n## Raydium Technology\n\nTraditional asset exchanges, such as stock markets, maintain a centralized order book recording all buy and sell orders. Buy orders specify the quantity and price of an asset a participant wishes to purchase, while sell orders detail the quantity and price of assets available for sale. The order book matches sellers (market makers) with buyers (market takers), facilitating trading and ensuring market liquidity. The [Serum](https://iq.wiki/wiki/serum) [decentralized exchange](https://iq.wiki/wiki/decentralized-exchange), supported by [Raydium](https://iq.wiki/wiki/raydium), uses [smart contracts](https://iq.wiki/wiki/smart-contract) to replicate this order-matching process in a decentralized manner. [\\[2\\]](#cite-id-sP4kjcuOUM)\n\n### Raydium and Serum Integration\n\n[Raydium](https://iq.wiki/wiki/raydium) integrated its [AMM](https://iq.wiki/wiki/automated-market-maker) mechanism with the order book functionality of [Serum](https://iq.wiki/wiki/serum) to address the benefits and shortcomings of both order book and AMM-based exchanges. The ability to utilize liquidity from either the AMM of [Raydium](https://iq.wiki/wiki/raydium) or the order book of [Serum](https://iq.wiki/wiki/serum) should afford traders a more efficient and cost-effective decentralized exchange trading experience. [\\[2\\]](#cite-id-sP4kjcuOUM)\n\nWhen users contribute to one of [Raydium’s](https://iq.wiki/wiki/raydium) [liquidity pools](https://iq.wiki/wiki/liquidity-pool), the [AMM](https://iq.wiki/wiki/automated-market-maker) converts their tokens into limit orders on [Serum’s](https://iq.wiki/wiki/serum) order book for anyone to trade against. When a user makes a swap, [Raydium](https://iq.wiki/wiki/raydium) compares prices between Serum’s order book and Raydium’s AMM to execute the most cost-effective trade for the user. [\\[2\\]](#cite-id-sP4kjcuOUM)\n\n## AcceleRaytor\n\nLaunched in April 2021, AcceleRaytor is an initiative by [Raydium](https://iq.wiki/wiki/raydium) to spearhead the growth of the [Solana](https://iq.wiki/wiki/solana) Ecosystem. AcceleRaytor serves as a launchpad for the latest Solana projects to raise capital and drive initial liquidity in a decentralized and interoperable manner while enabling both project and Raydium communities to participate in carefully curated and vetted token offerings. [\\[3\\]](#cite-id-Fsv0x47FQN)\n\nThere are two types of pools available for each AcceleRaytor launch project; Community Pools and RAY Pools. This two-tiered approach is meant to provide the wider community with open access to early-stage projects while also rewarding the support of the [Raydium](https://iq.wiki/wiki/raydium) community. [\\[3\\]](#cite-id-Fsv0x47FQN)\n\n> The AcceleRaytor system, which includes the Community and RAY pool process, will allow projects to accelerate their reach and pace of development, while the potential to quickly IDO and offer LP rewards opens up even greater opportunity for the entire project community - the blog post mentioned\n\n## RAY Token\n\nThe RAY token holds the following utility:\n\n* [Staking](https://iq.wiki/wiki/staking): Holders will be able to stake RAY tokens to generate additional yield earned from [trading fees](https://iq.wiki/wiki/trading-fee);\n* The potential to [stake](https://iq.wiki/wiki/staking) RAY for additional multipliers on yield;\n* [Raydium](https://iq.wiki/wiki/raydium) is likely to also include a limited governance model allowing for stakers of RAY to participate and vote on community proposals and amendments. [\\[4\\]](#cite-id-QNiGsQ1fao)\n\n### Token Distribution\n\nThe RAY distribution is projected as follows:\n\n* **Max Supply:** 555,000,000\n* [**Mining**](https://iq.wiki/wiki/mining)\\*\\*\\*\\* [**reserve**](https://iq.wiki/wiki/reserve)**:** 34%\n* **Partnership & Ecosystem:** 30%\n* **Team:** 20% (Locked 1-3 years)\n* **Liquidity:** 8%\n* **Community Pool:** 6% (Locked 1 year)\n* **Advisors:** 2% (Locked 1-3 years)\n\n## RAY Team\n\n### AlphaRay\n\n[AlphaRay](https://iq.wiki/wiki/alpharay) leads overall strategy, operations, product direction, and business development for [Raydium](https://iq.wiki/wiki/raydium). With a background in algorithmic trading in commodities, Alpha transitioned to market-making and [liquidity-providing](https://iq.wiki/wiki/liquidity-providers) for [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) in 2017 and hasn't looked back. After diving into [DeFi](https://iq.wiki/wiki/defi) in the summer of 2020, Alpha saw a market need for an order book [AMM](https://iq.wiki/wiki/automated-market-maker) to aggregate liquidity, and with the release of [Serum](https://iq.wiki/wiki/serum), pulled together a team of experienced trading developers to tackle the problem head-on. [\\[2\\]](#cite-id-sP4kjcuOUM)\n\n### XRay\n\nXRay is Raydium's Chief of Technology and Dev Team leader. X has 8 years of experience as a trading and low-latency systems architect for both traditional and crypto markets. X designs all of Raydium’s systems and infrastructure as needed. [\\[2\\]](#cite-id-sP4kjcuOUM)\n\n### GammaRay\n\nGammaRay heads up marketing and communications while also playing a key role in strategy and product direction. Gamma spent a large part of his career at a leading data analytics and market research firm, working on both client engagements and corporate marketing. Prior to [Raydium](https://iq.wiki/wiki/raydium), Gamma's focus within [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) has been technical analysis and discretionary trading. [\\[2\\]](#cite-id-sP4kjcuOUM)\n\n### Developments\n\n#### Raydium debuts LaunchLab\n\nOn April 16, 2025, [Raydium](https://iq.wiki/wiki/raydium) launched its [memecoin](https://iq.wiki/wiki/memecoins)-making protocol, LaunchLab, which looks to compete with [Pump.fun.](https://iq.wiki/wiki/pumpfun)\n\n> LaunchLab is Raydium's community-powered token launch platform, designed for traders searching for the latest tokens and creators looking for a simple but powerful way to drive customizable launches. Whether you're buying the next runner, creating a memecoin, or experimenting with new mechanics, LaunchLab gives you the tools to get started now. [\\[5\\]](#cite-id-Fszxv7YFSZ)\n\nLaunchLab will [leverage](https://iq.wiki/wiki/leverage) Raydium’s [liquidity pools](https://iq.wiki/wiki/liquidity-pool) and aim to displace [Pump.fun](https://iq.wiki/wiki/pumpfun) as the leading [Solana](https://iq.wiki/wiki/solana) [memecoin](https://iq.wiki/wiki/memecoins) launchpad.\n\n[Raydium](https://iq.wiki/wiki/raydium) said LaunchLab provides [memecoin](https://iq.wiki/wiki/memecoins) enthusiasts with customizable bonding curves and no migration fees, while tokens that raise 85 [Solana](https://iq.wiki/wiki/solana) (currently worth $11,150) will transition to Raydium’s [AMM](https://iq.wiki/wiki/automated-market-maker) instantly. [\\[5\\]](#cite-id-Fszxv7YFSZ)","summary":"Raydium (RAY) is an on-chain order book AMM on Solana, sharing liquidity with Serum DEX, enabling permissionless cryptocurrency trading.","images":[{"id":"QmYPNJpvsxZ33x1VG7LY7Poz7vMWe4khncEF9BpPUcWPca","type":"image/jpeg, image/png"}],"categories":[{"id":"defi","title":"Decentralized Finance"}],"tags":[{"id":"Protocols"},{"id":"Solana"}],"media":[{"id":"https://www.youtube.com/watch?v=wgOVsD5dUoI","size":"0","name":"wgOVsD5dUoI","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=l5ULs0npUUo","size":"0","name":"l5ULs0npUUo","type":null,"source":"YOUTUBE"},{"id":"QmUcvuc6PWkSA4LaBBvyBSzFDaRLfy2VSiKanmceMaxXcM","name":"Raydium-RAY-Price-Prediction.webp","caption":"","thumbnail":"QmUcvuc6PWkSA4LaBBvyBSzFDaRLfy2VSiKanmceMaxXcM","source":"IPFS_IMG"},{"id":"QmXCWtyyBkqXDG5DSFsojSd1HsZW1HBCtewbM6nJRkSstA","name":"raydium.webp","caption":"","thumbnail":"QmXCWtyyBkqXDG5DSFsojSd1HsZW1HBCtewbM6nJRkSstA","source":"IPFS_IMG"},{"id":"QmapygHc1s1ZeLFj353Ev4arTDqGt7AmSSF6FH8cwFcadq","name":"tNu-W_ySW1S_X1HYQrwJPxK9LJZH1TQueQ.png","caption":"","thumbnail":"QmapygHc1s1ZeLFj353Ev4arTDqGt7AmSSF6FH8cwFcadq","source":"IPFS_IMG"},{"id":"QmQYfEP3mU2svYFQF1VbmBL6eUDMCJ2sgBbJ5GfAN5YGz4","name":"3fe0f88c41f04f19a7cedd53b6471eae.jpg","caption":"","thumbnail":"QmQYfEP3mU2svYFQF1VbmBL6eUDMCJ2sgBbJ5GfAN5YGz4","source":"IPFS_IMG"}],"metadata":[{"id":"website","value":"https://v2.raydium.io/"},{"id":"twitter_profile","value":"https://twitter.com/RaydiumProtocol"},{"id":"discord_profile","value":"https://discord.gg/raydium"},{"id":"telegram_profile","value":"https://t.me/raydiumprotocol"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/raydium/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/raydium"},{"id":"references","value":"[{\"id\":\"Lzp6lPAm4Z\",\"url\":\"https://raydium.io/\",\"description\":\"Swap Raydium\",\"timestamp\":1749580846385},{\"id\":\"sP4kjcuOUM\",\"url\":\"https://raydium.gitbook.io/raydium/learn-more/untitled-1\",\"description\":\"Raydium Docs\",\"timestamp\":1749580846385},{\"id\":\"Fsv0x47FQN\",\"url\":\"https://raydium.gitbook.io/raydium/updates/archive/acceleraytor\",\"description\":\"AcceleRaytor Archive\",\"timestamp\":1749580846385},{\"id\":\"QNiGsQ1fao\",\"url\":\"https://raydium.gitbook.io/raydium/protocol/the-ray-token/stake-ray\",\"description\":\"RAY Staking Docs\",\"timestamp\":1749580846385},{\"id\":\"Fszxv7YFSZ\",\"url\":\"https://docs.raydium.io/raydium/pool-creation/launchlab\",\"description\":\"LaunchLab Docs\",\"timestamp\":1749580846385}]"},{"id":"bscscan","value":"https://bscscan.com/token/0x13b6a55662f6591f8b8408af1c73b017e32eedb8"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmTYdxdkvKGhi2YWu4h3LvV6o68QMrvYHiXefMhg2A8D2i\""},{"id":"commit-message","value":"\"Add internal links, update citations, and add images to Raydium article.\""},{"id":"previous_cid","value":"QmSoQ5zXkpJoU6ozbXDNUnCS7JHV9u8nPjvpEUR7oYSTHa"}],"events":[{"id":"3dcfb2c1-be2f-4c78-aea4-253c0bf4cf78","date":"2021-02-01","title":"Date Launched","type":"CREATED","description":"Raydium was launched in February 2021","link":"https://raydium.medium.com/the-raydium-protocol-9809464e0105","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"e5a7680d-616d-4eb5-8d50-aeac741b0d86","date":"2021-04-01","title":"AcceleRaytor Launch","type":"DEFAULT","description":"AcceleRaytor was launched in April 2021","link":"https://raydium.medium.com/introducing-acceleraytor-536574aae1c0","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa"},"language":"en","version":1,"linkedWikis":{"blockchains":["solana"],"founders":["alpharay"],"speakers":[]}}