Raydium 2026 Overview: Complete Guide to the #1 DEX on Solana with CLMM, Launchpad, and Perpetuals (TVL ~ $1B)

Raydium is one of the most popular and technologically advanced decentralized exchanges (DEX) on the Solana blockchain. Launched in 2021, it quickly became a key piece of the Solana DeFi ecosystem infrastructure and still remains a leader in trading volumes and TVL in 2026.

The platform operates on a hybrid AMM + Order Book model, offering an innovative Concentrated Liquidity (CLMM) mechanism, its own launchpad LaunchLab for quickly launching memecoins and new tokens, as well as full-fledged perpetual futures trading.

Thanks to ultra-fast transaction speeds, minimal fees, and a user-friendly interface, Raydium is ideal both for active traders and for liquidity providers who want to maximize profitability.

As of the end of March 2026, Raydium shows the following results.

The platform consistently maintains a leading position among DEXs on Solana and continues to actively evolve.

Raydium did not just “survive” after the 2021 DeFi boom — it evolved from integration with Serum/OpenBook into a full-fledged hybrid ecosystem with Concentrated Liquidity, LaunchLab, and perpetuals. Thanks to this, the exchange offers the widest range of tools for trading, farming, and token launches in 2026.

History of Raydium: Creation and Development

Raydium emerged on the Solana blockchain in 2021 and quickly became one of the most innovative DEXs thanks to its unique hybrid model that combined an automated market maker (AMM) with a centralized order book. Over five years, the platform evolved from a startup into a DeFi leader on Solana, constantly adapting to market changes and technological challenges.

Launch in 2021 and integration with Serum

Raydium officially launched in February 2021 as the first hybrid DEX on Solana. The main innovation was integration with Serum — a centralized order book created by the FTX team. Thanks to this, Raydium could offer users not only classic liquidity pools based on the constant product model (k = x × y), but also leverage Serum’s order book depth for better order execution and lower slippage.

At that time, most DEXs operated exclusively on the AMM model. Raydium, however, became a “hybrid”: part of the liquidity was allocated to AMM, while another part was routed to Serum, giving traders better prices and the ability to use limit orders. Within a few months after launch, the platform’s TVL exceeded $1B, and Raydium became one of the key projects in the Solana ecosystem.

Transition to Raydium V4 and the emergence of Concentrated Liquidity (CLMM)

After the collapse of FTX in November 2022, Serum ceased operations, and Raydium quickly migrated to the OpenBook fork (later — its own infrastructure). During this period, the team actively developed standard V4 AMM pools, which became the foundation of the platform.

A real breakthrough came in 2024. In May 2024, Raydium released an updated V3 application and launched revamped Constant Product Market Maker (CPMM) pools with support for the Token-2022 standard and a built-in price oracle. At the same time, the platform introduced the Concentrated Liquidity Market Maker (CLMM) — an analogue of Uniswap V3. Now, liquidity providers could allocate capital within specific price ranges, significantly increasing capital efficiency and fee earnings.

CLMM quickly gained traction: already in Q2 2025, CLMM pools surpassed traditional V4 AMMs in trading volume (75.7% vs 19.1%).

Key updates 2024–2026 (LaunchLab, Perpetuals, CPMM, ecosystem expansion)

The years 2024–2025 became the most active development period:

• May 2024 — launch of CPMM pools and full CLMM support.
• January 9, 2025 — public beta launch of Raydium Perpetuals (perpetual futures) in collaboration with Orderly Network. Traders gained the ability to trade with leverage directly within the Raydium ecosystem.
• April 16, 2025 — official launch of LaunchLab — a native launchpad for memecoins and new tokens. Now any project could launch a token and bootstrap liquidity in just a few clicks.

Additionally, the platform expanded support for permissionless pools, multiple fee tiers (0.25%, 1%, 2%, 4%), and integrated advanced analytics and tools for LPs. By March 2026, Raydium had firmly established itself as the leading DEX on Solana: CLMM pools dominate in volume, LaunchLab has become the primary way to launch memecoins, and Perpetuals added a new layer of trading.

Thanks to continuous updates, Raydium not only maintained its leadership but evolved into a full-fledged DeFi ecosystem that combines spot trading, farming, launchpads, and derivatives within a single interface.

How Raydium Works: Technical Foundation

Raydium is built on a modern and flexible architecture that combines classic AMM principles with innovative liquidity mechanisms. Thanks to this, the platform offers fast swaps, minimal slippage, high capital efficiency for LPs, and the ability to aggregate liquidity from other sources on Solana. The main pool types are CLMM (Concentrated Liquidity) and CPMM (Constant Product), while the hybrid order book model remains only in historical context.

Pool types comparison

Hybrid Model AMM + Order Book

At the time of its launch in 2021, Raydium became the first hybrid DEX on Solana. The platform combined a classic automated market maker (AMM) with the centralized Serum order book (later — OpenBook). Part of the liquidity operated under the constant product formula (x × y = k), while another part was “shared” with the order book, allowing users to place limit orders and get better pricing from a deep order book.

After the collapse of FTX in 2022 and the transition to its own infrastructure, the hybrid model evolved. Today, all AMM V4 pools operate as classic automated market makers without active liquidity sharing with an order book. The order book remains only in Perpetuals (via Orderly Network), while spot trading is fully based on AMM pools.

Concentrated Liquidity (CLMM) — Uniswap V3 analogue

Concentrated Liquidity Market Maker (CLMM) is the main driver of Raydium in 2026. Unlike classic AMMs where liquidity is distributed across the entire price curve, liquidity providers in CLMM can choose specific price ranges.

How it works:

• LP allocates capital only within the range where they expect the most trading activity.
• Within the range, liquidity is “concentrated” — this results in lower slippage for traders and higher fees for LPs.
• Outside the range, the position fully converts into one token (100% base or quote).

CLMM pools dominate trading volume (over 90% in 2025–2026). They are ideal for stable pairs, memecoins, and active position management. The platform supports multiple fee tiers (0.01%, 0.05%, 0.25%, 1%, etc.), allowing users to choose the optimal setup for each pair.

CPMM and Standard Pools

CPMM (Constant Product Market Maker) is the modern Raydium standard for new pools and LaunchLab. Pools operate under the classic formula x × y = k and provide liquidity across the entire price curve (full-range).

Key advantages of CPMM:

• Passive liquidity provision without constant range management.
• Full support for Token-2022 (advanced token features).
• Ability to set a creator fee for pool creators.
• Automatic migration of tokens from LaunchLab into CPMM pools.

Standard AMM V4 pools are the “old guard” of Raydium. They also operate on the constant product model but are considered a legacy program. Most older markets are still on V4, but new projects and LaunchLab prefer CPMM.

Smart Routing and integration with Jupiter Aggregator

Raydium has its own Smart Routing Engine, which automatically selects the best execution path across all pool types (CLMM + CPMM + AMM V4). The system is available via the interface, API, and SDK.

Additionally, Raydium is one of the main liquidity sources for Jupiter Aggregator — the largest aggregator on Solana. When a user performs a swap via Jupiter, the router often splits the order into multiple parts, some of which are executed through Raydium pools. This ensures the best price, minimal slippage, and maximum efficiency even for large volumes.

Thanks to Smart Routing and integration with Jupiter, Raydium offers one of the fastest and cheapest swaps across the entire Solana network.

All Raydium Features and Products in 2026

In 2026, Raydium is no longer just a DEX but a full-fledged DeFi ecosystem on Solana. The platform combines spot trading, liquidity provision, new token launches, perpetual futures, farming, and staking in one convenient interface. Thanks to CLMM, CPMM, and LaunchLab, Raydium remains the main hub for memecoin trading, liquidity management, and earning in the Solana ecosystem.

Swap — token exchange with minimal fees

Swap is the core and most popular feature of Raydium. Users can instantly swap any Solana tokens directly from their wallet without registration or KYC.

How swapping works:

• Connect a wallet (Phantom, Solflare, Backpack).
• Select a pair (over 10,000 available tokens).
• Automatic Smart Routing selects the best path between CLMM, CPMM, and AMM V4.
• Configure slippage, gas, and transaction deadline.

Advantages in 2026:

• Average fee — only 0.25% (depending on the pool).
• One of the lowest slippage rates on Solana thanks to deep liquidity.
• Integration with Jupiter Aggregator — for large orders, the router often uses Raydium pools.

Swap is ideal for both quick memecoin trades and regular token exchanges.

Liquidity Pools and providing liquidity (CLMM + CPMM)

Providing liquidity is the main way to earn on Raydium. The platform offers two types of pools.

CLMM allows liquidity to be placed only within a selected price range — this increases fee earnings by 5–20x compared to full-range pools. CPMM are simple pools across the entire price curve, ideal for new tokens after LaunchLab.

After adding liquidity, LP tokens can be:

• Held to earn trading fees.
• Staked in Farms for additional rewards.

LaunchLab — launchpad for memecoins and new tokens

LaunchLab is the flagship product of Raydium in 2025–2026. Any user can launch their own token in minutes without coding.

How LaunchLab works:

1. The creator selects a mode: JustSendit (quick launch for 85 SOL) or Custom (full customization).
2. The token is sold via a bonding curve.
3. Once the target is reached, liquidity is automatically migrated to a Raydium CPMM pool.
4. Liquidity is locked or burned.

Advantages:

• Instant access to Raydium liquidity.
• Built-in support for creator fees.
• Thousands of successful memecoin launches in 2025–2026.

LaunchLab has become one of the main drivers of TVL and trading volume growth on the platform.

Perpetuals (futures) with leverage

Since January 2025, Raydium offers Perpetuals — trading perpetual contracts with leverage up to 50x in collaboration with Orderly Network.

Key features:

• Trading pairs: SOL, BTC, ETH, popular memecoins.
• Long/Short positions with isolated and cross margin.
• Low funding rates thanks to deep liquidity.
• Integration with the main Solana wallet (no transfers to a separate contract).

Perpetuals is a convenient tool for experienced traders who want to trade with leverage directly within the Raydium ecosystem without switching to other platforms.

Yield Farming and Farms

Farms allow significantly increasing returns from providing liquidity.

How it works:

• CPMM: staking LP tokens in a farm to receive additional RAY + project tokens.
• CLMM: rewards are automatically distributed to all positions within the range (no additional staking required).

In 2026, available:

• RAY Farms (main rewards in RAY).
• Fusion Pools (dual rewards from partner projects).

APR in farms often exceeds 20–100% depending on the pool and market conditions.

RAY staking and fee distribution

The RAY token is the platform’s utility token. Staking RAY grants a share of protocol fees (up to 12% of trading fees).

Staking benefits:

• Passive income in RAY without a lock-up period.
• Participation in governance (voting on proposals).
• Buyback & burn mechanism supporting deflationary pressure.

As of March 2026, RAY staking remains one of the most profitable ways to hold the token.

Additional tools (analytics, Limit Orders, DCA)

Raydium continuously expands its toolkit:

• Limit Orders — on-chain limit orders directly in the interface.
• DCA (Dollar–Cost Averaging) — automated token purchases in parts on a schedule.
• Advanced analytics — TVL charts, volume, impermanent loss calculator, LP positions.
• API and SDK — for developers and bots.

All tools are available in a single interface at raydium.io, making the platform максимально convenient for both beginners and advanced users.

RAY Token: full tokenomics and utility in 2026

The RAY token is the native utility and governance token of one of the largest decentralized exchanges on Solana — Raydium. In 2026, it continues to play a key role in the ecosystem, combining protocol governance, participant incentives, and creating real deflationary value for holders.

Thanks to well-designed tokenomics and a fee distribution mechanism, RAY remains one of the strongest tokens in the Solana DeFi segment.

Current price, supply, market cap, and hard cap

As of the end of March 2026, the RAY token is trading in the range of 0.56–0.57 USD.

• Market Cap: ≈ 152M USD
• Circulating Supply: 268,700,018 RAY (≈ 48% of max)
• Total Supply / Max Supply (Hard Cap): 555,000,000 RAY (fixed, emissions stopped)
• Fully Diluted Valuation (FDV): ≈ 314–315M USD

Token utility (governance, staking, buyback & burn)

RAY is the core utility and governance token of the Raydium ecosystem (the largest AMM DEX on Solana). It provides real benefits to holders:

• Governance — RAY holders vote on protocol proposals (upgrades, new features, fund allocation).
• Staking — staking RAY provides passive income in the form of additional RAY + a share of protocol fees.
• Buyback & Burn — a mechanism where a portion of fees is automatically used to buy tokens from the market and burn them.

Deflationary mechanism and 12% fee distribution

Raydium has one of the strongest deflationary models among all DEXs.

From each swap fee (typically 0.25%):

• 84% (0.22%) goes to liquidity providers (LPs).
• 12% (0.03%) is automatically allocated to RAY buyback.

Purchased tokens are regularly burned, continuously reducing the circulating supply. Additionally, 25% of LaunchLab fees (their launchpad) are also directed to buybacks.

Thanks to this mechanism, Raydium has already bought back and burned tens of millions of RAY, creating real deflationary pressure and long-term value for holders.

How to buy and earn RAY

Buying RAY is easy:

• On centralized exchanges: Binance, Bybit, KuCoin, MEXC, Gate.io.
• Directly on Raydium.io (best rates and lowest fees in the Solana ecosystem).
• Via cross-chain bridges from Ethereum, BNB Chain, etc.

Earning RAY (4 main ways):

1. Staking — the simplest and most reliable way to earn passive income from protocol fees (APR currently ≈ 5–6%, can be higher with increased trading volume).
2. Providing liquidity in Raydium pools + farming additional rewards.
3. Participating in LaunchLab — new project launches often provide bonus RAY.
4. HODL — thanks to continuous buyback & burn, with growing trading volumes on Solana, RAY has strong upside potential.

Fees and Raydium Economics

Fees and Raydium economics are the foundation that makes the platform one of the most profitable and efficient DEXs on Solana. Thanks to a transparent and well-designed fee distribution model, users benefit from minimal trading costs, while liquidity providers and RAY token holders receive stable and growing income.

In 2026, the protocol’s economics continues to operate on the principle of maximum efficiency: low fees attract high trading volume, and most of the revenue is returned to the ecosystem through buybacks, burns, and rewards for participants.

Fee distribution

Trading fees (0.25% standard + CLMM)

The standard trading fee on Raydium is 0.25% of the swap volume — this is the typical rate for CPMM and standard AMM pools.

In CLMM (Concentrated Liquidity Market Maker) pools, the fee is flexible: pool creators choose one of the fee tiers — from 0.01% (for stable pairs) up to 1% or higher (for volatile or new tokens). The most popular tier for most trading pairs is 0.25%. This ensures low fees for traders while maintaining protocol competitiveness.

Fees for liquidity providers

Liquidity providers (LPs) receive the largest share of fees:

• 84% of each trading fee (in CLMM and CPMM).
• 88% in standard AMM V4.

The remaining portion is distributed as follows:

• 12% — automatic buyback and burn of the RAY token.
• 4% — to the protocol treasury.

In CLMM, thanks to concentrated liquidity, LPs can earn significantly more than in classic AMMs if they choose the price range correctly.

Gas costs on Solana and comparison with other DEXs

One of the key advantages of Raydium is the extremely low gas costs on the Solana network. The average fee for a swap is less than 0.001 USD (often as low as 0.00025 USD).

For comparison:

• On Uniswap (Ethereum) — from 1 to 20+ USD during congestion.
• On PancakeSwap (BNB Chain) — 0.1–0.5 USD.

On Raydium, you can perform dozens of operations per day without noticeable costs. This makes the platform ideal for active traders, scalping, frequent position rebalancing, and using autopilot bots (e.g., STMR AI).

Advantages and disadvantages of Raydium

In 2026, Raydium remains one of the strongest DEXs on Solana thanks to continuous development and a wide range of tools. However, like any DeFi platform, it has its own characteristics that should be considered before use.

Comparison: Raydium vs main competitors.

Main advantages:

• Ultra-high speed and minimal fees — thanks to the Solana blockchain, swaps are completed in seconds, and the average fee is only 0.25%. This is one of the cheapest and fastest DEXs on the market.
• Concentrated Liquidity (CLMM) — capital efficiency is 5–20x higher than in classic AMMs. LPs earn significantly higher fees.
• LaunchLab — the most convenient launchpad for memecoins and new tokens. Launch in a few clicks with automatic liquidity migration to a CPMM pool.
• Perpetuals with leverage — full-fledged futures trading directly within the Raydium ecosystem without switching to other platforms.
• Integration with Jupiter Aggregator and Smart Routing — best prices even for large volumes and complex orders.
• Passive income for LP and RAY stakers — regular rewards in RAY + a share of protocol fees (up to 12%).
• User-friendly interface and additional tools — Limit Orders, DCA, advanced analytics, API/SDK for developers.
• High liquidity and TVL — consistently leading positions among Solana DEXs (over 10,000 pairs and deep pools).

Cons and risks:

• Impermanent Loss in CLMM — if the range is chosen incorrectly or in high volatility, LPs may lose part of their capital.
• Complexity for beginners — CLMM and LaunchLab require market understanding; improper position management can lead to losses.
• Dependence on the Solana network — although the network has become more stable, occasional congestion is still possible.
• Smart contract risks — despite multiple audits, as in any DeFi protocol, there is a theoretical risk of vulnerabilities.
• MEV and front-running — this is a common issue for all DEXs on Solana.
• Competition — Jupiter Aggregator and other aggregators sometimes offer better prices, while Orca remains a strong competitor in classic pools.
• LaunchLab risks — many memecoins launched via the launchpad are high-risk projects with potential rug pull risks (although the platform itself is not responsible for the tokens).

Overall, the advantages of Raydium significantly outweigh the disadvantages for experienced users. The platform is ideal for active traders and LPs who are ready to manage their positions. For safety, it is recommended to start with small amounts and regularly monitor positions.

Security and platform audits

Raydium is one of the most transparent and audited DeFi platforms on Solana. The team regularly conducts independent audits of key smart contracts and actively collaborates with leading security companies. Throughout its entire history (since 2021), there has not been a single major exploit at the Raydium protocol level.

Audit history (CertiK, OtterSec, etc.)

Since its launch, Raydium has undergone a number of independent audits:

• Kudelski Security (2021) — full audit of the initial AMM version + Serum integration.
• OtterSec (2022–2023) — multiple audits of CLMM, AMM V4, RAY staking, and Perpetuals.
• MadShield (Q1 2024) — audit of the updated AMM program (CPMM) and Token-2022.
• HashEx (2024) — audit of LaunchLab and permissionless pools.
• Additional audits — Halborn, Sec3, and others (detailed reports are published in the raydium-io GitHub repository).

CertiK has not conducted a full audit but continuously monitors the protocol via Skynet (on-chain monitoring). All identified vulnerabilities were promptly fixed before deployment to mainnet. Audits are publicly available in the Raydium documentation.

Main risks (Impermanent Loss, smart contracts, MEV)

Like any DeFi platform, Raydium has certain risks:

• Impermanent Loss (temporary loss) — especially relevant for CLMM. During high volatility or incorrect range selection, LPs may lose part of their capital (although in CLMM IL is often offset by higher fees).
• Smart contract risks — a theoretical possibility of vulnerabilities. However, thanks to multi-layer audits and bug bounty programs, this risk is minimal.
• MEV and front-running — a standard issue for all DEXs on Solana. Transactions can be “observed” and executed earlier.
• LaunchLab risks — tokens launched via the launchpad may be rug pulls (the platform is not responsible for the token itself).
• Dependence on Solana — network congestion or outages may affect transaction speed.

How to protect your funds (practical tips)

To minimize risks, follow simple rules:

• Use a hardware wallet (Ledger, Trezor) or a separate wallet dedicated to DeFi.
• Start with small amounts and gradually increase positions.
• In CLMM, regularly check and adjust liquidity ranges.
• Enable Slippage Protection and Transaction Deadline in Swap.
• Do not hold large amounts in LaunchLab tokens for long — take profits.
• Monitor positions via Raydium Analytics or tools like Birdeye / Dexscreener.
• Verify contract addresses before interacting (always from the official site raydium.io).
• Enable 2FA on all related services and avoid clicking suspicious links.

By following these recommendations, using Raydium becomes as safe as possible even for large volumes.

Step-by-step guide: How to get started on Raydium

Raydium has an intuitive and user-friendly interface, so even beginners can quickly get the hang of it. Below is a detailed step-by-step guide from connecting a wallet to launching your own token. All actions are performed directly on the website raydium.io. We recommend using the latest browser version and always verifying the website address.

Connecting a wallet (Phantom, Solflare, Backpack):

1. Go to the official website raydium.io.
2. In the top right corner, click the “Connect Wallet” button.
3. From the list of available wallets, choose one of the recommended options: Phantom (most popular), Solflare, Backpack.
4. In the wallet window, confirm the connection (sign the message).
5. After successful connection, your wallet address and SOL balance will appear in the top right corner.

Done! You can now use all platform features without registration.

Buying SOL and your first Swap:

1. On the main page, go to the Swap section (or open raydium.io/swap directly).
2. If you don’t have SOL, click “Buy SOL” — Raydium will redirect you to an integrated service (e.g., Moonpay or Jupiter Buy).
3. After funding SOL, in the “From” field select SOL, and in the “To” field choose the desired token (e.g., RAY or any memecoin).
4. Enter the amount, set Slippage Tolerance (recommended 0.5–1% for standard pairs).
5. Click “Swap” → confirm the transaction in your wallet.
6. Wait 1–3 seconds — the swap is completed.

The first swap is usually executed instantly thanks to Smart Routing.

Adding liquidity to a CLMM pool:

1. In the top menu, select “Liquidity” → “Add Liquidity”.
2. Select the pool type: CLMM (recommended for higher efficiency).
3. Choose a token pair (e.g., SOL–USDC).
4. Set the price range where you want to provide liquidity (e.g., ±10% from the current price).
5. Enter the amount of each token (the platform will automatically calculate the ratio).
6. Click “Add Liquidity” → confirm the transaction.
7. After adding, you will receive an LP position visible in the “My Positions” section.

Tip: for CLMM, regularly check the range and adjust it during strong price movements.

Launching farming and staking RAY:

1. Go to the “Farms” section.
2. Select the desired farm (e.g., CPMM or CLMM pool).
3. Click “Stake LP” and choose your LP position.
4. Enter the amount and confirm staking.
5. To stake the RAY token, go to the “Stake RAY” section (or “Governance”).
6. Click “Stake”, enter the amount of RAY, and confirm.
7. Rewards are accrued automatically — you can claim them at any time.

Trading Perpetuals:

1. In the top menu, select “Perpetuals” (or raydium.io/perps).
2. If needed, create a Perpetuals account (click “Create Account” once).
3. Deposit collateral — usually SOL or USDC.
4. Select a trading pair (SOL, BTC, memecoins, etc.).
5. Specify position type (Long / Short), size, and leverage (up to 50x).
6. Click “Open Position” and confirm in your wallet.
7. Monitor your position in the “Positions” section (funding rate updates automatically).

Launching your own token via LaunchLab:

1. In the menu, select “LaunchLab” (or raydium.io/launchlab).
2. Click “Create Token”.
3. Select a mode: JustSendIt — quick launch for 85 SOL (default settings), Custom — full customization (curve, vesting, creator fee).
4. Enter the token name, symbol, description, and upload an image.
5. Set the fundraising target amount.
6. Confirm the transaction — the token will appear on the bonding curve.
7. Once the target is reached, liquidity is automatically migrated to a Raydium CPMM pool.

Done! Your token is now trading on Raydium.

Current Statistics, Analytics, and the Future of Raydium

As of March 31, 2026, Raydium continues to confidently lead among DEXs on Solana. The platform consistently holds around 65% of the total decentralized exchange trading volume on the network. Thanks to CLMM, LaunchLab, and Perpetuals, Raydium is not only maintaining but also increasing its market share.

TVL and Volume Distribution by Products

Source: DefiLlama, Raydium Analytics (as of March 31, 2026).

Trends 2025–2026:

• CLMM dominance — in 2025, the share of CLMM grew from 45% to 73% of trading volume. Liquidity providers prefer concentrated liquidity due to significantly higher capital efficiency.
• LaunchLab boom — the launchpad has become the main channel for launching memecoins on Solana. In 2025–2026, over 12,000 tokens were launched through it, driving significant growth in TVL and new users.
• Perpetuals growth — after launching in January 2025, futures trading volume has been steadily growing by 15–20% monthly. Traders активно use leverage up to 50x directly within the Raydium ecosystem.
• Aggregator integrations — Raydium remains the main liquidity source for Jupiter, ensuring additional volume and the best prices.
• Migration to Token-2022 — almost all new pools are created using enhanced token standards, improving security and functionality.

Roadmap and Forecast

The Raydium team continues to активно develop the platform. Key plans for 2026–2027:

• Full integration with new Solana L2 solutions and cross-chain bridges.
• Launch of Raydium V5 with an improved dynamic fee mechanism and automatic CLMM rebalancing.
• Expansion of LaunchLab: adding an auction model and built-in marketing tools for new tokens.
• Development of Perpetuals: adding more trading pairs, options, and improving the funding rate.
• Governance 2.0 — expanding the rights of RAY stakers in decision-making.

Forecast for 2026: under favorable market conditions, Raydium’s TVL may exceed $1.5 billion, while its share in Solana DEX volumes could consistently remain at 60–70%. The platform continues to evolve from “just a DEX” into a full-fledged DeFi ecosystem that combines spot trading, derivatives, launchpads, and farming in a single interface.

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