Raydium was founded in 2021 by an anonymous team (known as AlphaRay, XRay, and GammaRay). However, throughout its development, the community has played a fundamental role in its growth and evolution within the Solana ecosystem.

Raydium is a well-known liquidity protocol and a decentralised exchange (DEX) that operates on the Solana blockchain. Raydium allows its users to swap tokens quickly and efficiently, taking advantage of the high speed and low transaction costs of this blockchain. Additionally, Raydium offers market-making services and provides liquidity to other projects within the Solana ecosystem, making it one of the main pillars of the DeFi ecosystem on Solana.

Raydium operates through a combination of a centralised order book and an AMM (Automated Market Maker) system. This way, users can provide liquidity to the pools and, in return, receive rewards for each trade that is made using these pools. It also allows traders to access liquidity from other DEXs, enhancing the efficiency of token swapping. And thanks to the speed and low cost of Solana, using this entire system proves to be very fast and cost-effective.