Raydium

Automated Market Maker (AMM) · Automated Market Maker (AMM)

RAY#85Mcap $641.07M

$2.0424hLast close

Performance

Cycle lowCycle rangeAll-time high

$0.1355$16.76

All-time high$16.76−89.2% · Sep 12, 2021

Cycle low$0.1355+1233.9% · Dec 29, 2022

Volatility (30D)95.9%

Volatility (1Y)100.2%

Sharpe ratio (1Y)0.60

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Converter

RAYUSDBTCETH

At the live price.

Metrics

Market

Market cap$641.07M

Fully diluted value$1.00B

Volume (24h)$112.02M

Circulating supply269.96M RAY

Max supply555.00M RAY

Mcap / FDV64.1%

Dominance0.019%

Turnover (24h)5.10%

Rank#85

Sector rank#12 · Exchange

Trading

Markets844

Exchanges44

Trading sinceMar 25, 2021

Fees (USD)$539.2K

Revenue (USD)$87.8K

Derivatives

Open interest$11.23M

Funding (OI-weighted)0.0050%

Funding (volume-weighted)0.0021%

Futures volume (24h)$29.79M

Futures trades (24h)157,829

Liquidity

Buy depth (−2%)$5.69M

Sell depth (+2%)$5.38M

Spot pairs counted104

Order-book depth within 2% of the price, summed across spot pairs.

Classification

SectorDeFi

Sub-sectorAutomated Market Maker (AMM) · Decentralized Exchange

EcosystemSolana

NetworksSolana

Across Cryp2Nova

Protocol TVL$1.00B

Technical analysis cards2

Recent events

Named holder left the top 100 · Binance 2Nov 2, 2026

Named holder left the top 100 · CoinSpot Hot Wallet (CSEnc)Nov 2, 2026

Named holder left the top 100 · Revolut: Hot Wallet 2Oct 25, 2026

Named holder left the top 100 · Bitvavo Hot Wallet 1Oct 25, 2026

Named holder entered the top 100 · Wintermute tradingOct 25, 2026

Named holder entered the top 100 · Raydium (WSOL-RAY) MarketOct 25, 2026

Shield grade changed: A+ → AOct 25, 2026

Market delisted · BackpackOct 20, 2026

Social activity

Accounts mentioning it

24h10

7 days33

30 days124

Share of voice0.08%

Share-of-voice rank#222

Links

WebsiteWebsite

ResourcesWhitepaper Documentation Github

SocialDiscord LinkedIn Telegram X

ContentMedium YouTube

ExplorerBlock Explorer Block Explorer 2 Block Explorer 3

Contracts

Solana4k3Dyj…QrkX6R

Top markets

Supply

48.6% in circulationmax 555,000,000

Circulating supply269,963,563 RAY

Total supply554,997,318 RAY

Remaining to issue285,036,437 RAY

Unlocked100.0%

Latest news

Key facts

LaunchedFeb 21, 2021

CategoryMarketplaces

SectorExchange

TagsAutomated Market Maker (AMM)DeFiDecentralized Exchange

Raydium in numbers

Raydium (RAY) ranks #85 by market capitalization, at $641.07M. It belongs to the DeFi sector (Automated Market Maker (AMM)). It has traded since Mar 25, 2021, across 844 markets on 44 exchanges, with $112.02M of volume in the last 24 hours. Its all-time high of $16.76 was reached on Sep 12, 2021; the current price is 89.2% below that peak. Its cycle low of $0.135495 came on Dec 29, 2022.

48.6% of the maximum supply of 555.00M RAY is in circulation. Development data lists 5 core developers and 6,714 code commits.

About Raydium

Raydium is an automated market maker (AMM) decentralized exchange (DEX) on Solana that offers a decentralized exchange where users can swap tokens that trade on Raydium through its permissionless liquidity pools. Pools can follow the standard AMM model or the concentrated liquidity market maker (CLMM) model.

Background

Raydium’s development began in Q4 2020 before the protocol was launched in February 2021.

Raydium V1 was launched in February 2021 along with its announcement. At launch, Raydium used order flow and liquidity sourced from Serum’s onchain central limit order book (CLOB), a now-deprecated project.

Raydium V2 was launched in March 2022 in a beta phase. V2 introduced a refreshed user interface (UI), improved speed, and introduced a new SDK.

Raydium V3 was launched in March 2024 in a beta phase. V3 introduced a more reliable user experience through increased responsiveness, mobile optimization, a portfolio page, token search improvements, charting, etc.

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