Raydium

Raydium is an automated market maker (AMM) built on the Solana blockchain which enables lightning-fast trades, permissionless pool creation, and new features for earning yield. Raydium has been driving liquidity ecosystem-wide since 2021, it is the first and most distributed AMM on Solana. Raydium offers a few key advantages: * Faster and cheaper: Raydium leverages the efficiency of the Solana blockchain to achieve transactions magnitudes faster than Ethereum and gas fees which are a fraction of the cost. * Permissionless pool creation: Any user or project can create a concentrated liquidity pool (CLMM) or constant product pool (CPMM) for any asset. * Ecosystem Rewards: Any user or project can add token incentives to any pair or pool, boosting yield for liquidity providers.