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Raydium
About Raydium
Raydium (RAY) is a distinctive automated market maker (AMM) built on the Solana blockchain. Unlike traditional AMMs, Raydium integrates with a central limit order book, ensuring faster, cost-efficient trades and shared liquidity. This unique architecture allows it to tap into the broader OpenBook ecosystem, enhancing liquidity and user experience. The platform was conceived by a pseudonymous team including figures like AlphaRay and XRay, who, motivated by the challenges in DeFi in 2020, launched Raydium in partnership with Serum in February 2021. The native token, $RAY, plays a central role in the ecosystem, facilitating trades, incentivizing user engagement, and supporting the AcceleRaytor initiative for new project launches.
Raydium is an automated market maker (AMM) built on the Solana blockchain. Distinguished from other AMMs, Raydium integrates with a central limit order book, providing faster trades, shared liquidity, and innovative features for yield generation. Its unique architecture allows it to offer swift, cost-effective transactions by leveraging Solana's efficient blockchain capabilities. Furthermore, Raydium's AMM can provide on-chain liquidity to OpenBook's central limit order book, making it possible for its users and liquidity pools to access the order flow and liquidity of the entire OpenBook ecosystem and vice versa.
The brainchild of a pseudonymous core development team including AlphaRay, XRay, GammaRay, StingRay, and RayZor. These individuals span various domains like strategy, business development, technology, marketing, trading, and computer security. The team, after its DeFi involvement in 2020, embarked on a journey to address the challenges they perceived in the then DeFi environment. Their endeavors led to the formation of Raydium, and with the collaboration of Serum, they launched the Raydium mainnet in February 2021.