The largest native DEX and AMM on Solana — $1T+ cumulative volume, $21B+ monthly swaps, three pool types, and the go-to launchpad for every major Solana token.
Raydium is the largest automated market maker and decentralized exchange built natively on Solana. Launched in February 2021, it crossed $1 trillion in cumulative trading volume in July 2025 — a milestone that puts it alongside the most significant DEXes in all of crypto. On January 19, 2025, the day the TRUMP memecoin launched, Raydium processed $16 billion in a single day — more than most centralized exchanges handle in a week.
Unlike aggregators (like Jupiter) that route across multiple DEXes, Raydium is a native AMM — it owns and operates its own liquidity pools. It offers three pool architectures: Standard AMM (constant product), CLMM (concentrated liquidity, down to 1bps fees), and CPMM for newer assets. LaunchLab makes it the primary venue for token generation events (TGEs) on Solana, which is why Raydium captures explosive volume during memecoin and new project launches.
Solana's largest native AMM — deep liquidity, three pool types, concentrated liquidity, and the primary launchpad for new Solana tokens.
Step-by-step walkthrough — from wallet connection to your first swap or liquidity position.
io. Connect your Phantom, Solflare, or Backpack Solana wallet via the Connect Wallet button.
The Swap tab is the default view — select your input token (e.g. SOL) and output token (e.g. USDC).
Type the amount to swap. Raydium shows the expected output, price impact, and the pool routing for your trade.
Click the gear icon to adjust slippage tolerance. Default is 0.5% — increase for volatile new tokens, decrease for major stablecoins.
Click Swap, review the details in your wallet popup, and approve. Solana confirms in under a second.
"Been LPing on Raydium since 2021. The CLMM pools are capital-efficient and the fee revenue on major pairs is solid. LaunchLab volume spikes are a gift to early LPs."
"The $16B TRUMP launch day showed what Raydium can handle. I was trading in the first hour and execution was smooth throughout. No DEX on any chain handled that volume that cleanly."
"Raydium\'s three-pool architecture is well-designed. CLMM for major pairs, AMM for mid-caps, CPMM for new tokens — the segmentation makes sense. LaunchLab is the most important feature for Solana ecosystem growth."