# Raydium > A decentralized exchange and liquidity protocol built on Solana. Raydium is a decentralized exchange and liquidity protocol built on the Solana blockchain. It lets users swap tokens, provide liquidity, launch tokens, and trade perpetual futures through a single interface. Raydium is a decentralized exchange and liquidity protocol built on the Solana blockchain. It provides automated market maker pools, a concentrated liquidity option, and token launch tools that let users swap tokens, supply liquidity, and access new token listings without a centralized intermediary. It serves traders, liquidity providers, and token teams seeking onchain access to liquidity on Solana. The protocol combines a constant-product automated market maker with a concentrated liquidity product, letting liquidity providers choose between simple pooled positions and price-range-based positions for greater capital efficiency. Earlier versions of its automated market maker mirrored liquidity onto an external order book, but that integration has been deactivated, and swaps now execute directly against the automated market maker curve. Reward programs let liquidity providers stake pool tokens to earn additional yield on top of trading fees. Raydium's offering includes its automated market maker pools, a concentrated liquidity product, a bonding-curve token launch venue called LaunchLab, and a perpetual futures trading interface. Liquidity from its pools is also accessed by wallets and aggregators that route swaps across the Solana ecosystem, extending its reach beyond direct users. It is used by retail traders, liquidity providers, token issuers, and market-making participants across Solana. - Type: Protocol - Sector: DeFi - Status: Active - Founded: 2021-02-01 - Profile: https://thegrid.id/profiles/Raydium ## Products - [Raydium](https://thegrid.id/profiles/Raydium): Raydium is a decentralized exchange on the Solana blockchain that lets users swap tokens, provide liquidity, and earn yield through an automated market maker model. The application combines constant-product and concentrated-liquidity pools with order routing across pool types to execute trades directly from a connected wallet. It also provides a trading-terminal view with charts and order data, alongside portfolio tracking, staking for the protocol's governance token, a cross-chain bridge, and a tool to reclaim rent from unused accounts. (Decentralised Exchange, Live, Main Product) - [Raydium V2 UI](https://thegrid.id/profiles/Raydium): Raydium V2 UI was a legacy web application for the Raydium decentralized exchange on Solana, providing token swaps, liquidity provision, yield farming, and a token launchpad. It has been replaced by the current Raydium web app and is no longer actively maintained. The interface remains reachable but is not the recommended way to interact with the protocol. (Decentralised Exchange, Inactive/Support Ended) - [The Raydium Protocol](https://thegrid.id/profiles/Raydium): The Raydium Protocol is a family of permissionless Solana smart contracts implementing automated market making for decentralized token trading. It includes a constant-product AMM, a modern constant-product AMM optimized for lower fees and transfer-fee tokens, a concentrated-liquidity engine allowing liquidity providers to set active price ranges, a stable-pair AMM for correlated assets, and an on-chain router that splits orders across these pool types. Farm and staking contracts distribute yield to liquidity providers and token stakers across multiple program generations, while a separate program locks liquidity positions in exchange for ongoing fee accrual. Independent frontends and third-party integrations connect to these programs directly. (Decentralised Exchange, Live, Main Product) - [LaunchLab](https://thegrid.id/profiles/Raydium): LaunchLab is a permissionless token launch platform on Solana that lets creators deploy new tokens with automated bonding-curve pricing. It supports linear, exponential, and logarithmic curve types along with multiple quote assets, and lets third-party frontends set their own fees when integrating the launch flow. Tokens graduate into standard liquidity pools once launch conditions are met, without requiring manual listing steps. (Launch Pad, Live) - [Raydium Perps](https://thegrid.id/profiles/Raydium): Raydium Perps is a perpetual futures trading interface on Solana that offers gasless central-limit-order-book execution for leveraged positions. It runs on its own dedicated subdomain and connects to a third-party off-chain order-book network for matching, while settlement and collateral management occur through onchain contracts. Traders manage collateral, place orders, and monitor positions independently of the main Raydium swap and liquidity app. (Decentralized Derivative Exchange, Live) ## Assets - [Raydium (RAY)](https://thegrid.id/profiles/Raydium): RAY is the governance and utility token of Raydium, an automated market maker on Solana. It is used for staking to earn a share of protocol fee buybacks and as a common base or quote asset across pools. The token has a fixed maximum supply with mint authority disabled, and team and seed vesting has fully concluded, leaving only a fixed annual mining-reserve emission. (Governance) ## Links - [Documentation](https://docs.raydium.io) - [Main](https://raydium.io) - [Media Kit/branding](https://docs.raydium.io/resources/brand-kit) - [Discord](https://discord.gg/raydium) - [Telegram](https://t.me/raydiumprotocol) - [Twitter / X](https://x.com/Raydium) - [Medium](https://raydium.medium.com) - [GitHub](https://github.com/raydium-io) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. 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