表现
RD 熱度指數
RD 增長指數
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.07% | 0.54% | 9.15% | 22.84% | 52.76% | 31.66% |
比較
代幣經濟學
解鎖進度
數據源: CoinGecko
Top 持有者
| 持倉地址 | Token | 持倉數量 | 佔比 | 價值 |
|---|---|---|---|---|
| 0x0291...162e |   RAY | 4,710 | 0% | $8.47K |
| 0xbe52...a4f4 | RAY | 1,163.92 | 0% | $2.09K |
| 0x4995...58cf | RAY | 1,100.41 | 0% | $1.98K |
開放市場
| # | 交易所 | 交易對 | 價格 | +2% 深度 | -2% 深度 | 成交量(24小時) | 成交量% |
|---|---|---|---|---|---|---|---|
| 1 | HHTXCEX | RAY/USDT | $0.9386 | $1,307 | $11,238 | $4,343,008 | 23.73% |
| 2 | OOKXCEX | RAY/USDT | $0.9355 | $23,968 | $52,897 | $550,571 | 3.01% |
| 3 | KKuCoinCEX | RAY/USDT | $0.9358 | $14,141 | $25,323 | $507,981 | 2.78% |
| 4 | BBitgetCEX | RAY/USDT | $0.9355 | $30,327 | $46,625 | $392,089 | 2.14% |
| 5 | UUpbitCEX | RAY/KRW | $0.9461 | $37,079 | $26,956 | $382,919 | 2.09% |
| 6 | BBingXCEX | RAY/USDT | $0.9425 | $93,228 | $76,536 | $320,018 | 1.75% |
| 7 | BBithumbCEX | RAY/KRW | $0.9449 | $9,880 | $2,332 | $83,303 | 0.46% |
| 8 | PPhemexCEX | RAY/USDT | $0.9385 | $703 | $660 | $53,804 | 0.29% |
| 9 | RAY/USD | $0.9376 | $13,880 | $225 | $41,787 | 0.23% | |
| 10 | UUpbitCEX | RAY/BTC | $0.9225 | $0 | $0 | $1,700 | 0.01% |
跟隨更新
跟隨列表
人物
關於Raydium
Raydium is a Solana automated market maker that became a core on-chain liquidity venue through a hybrid AMM and order-book model. It solves Solana's early lack of efficient liquidity and composable trading interfaces via matching mechanisms like CLMM for concentrated liquidity, and ships LaunchLab for token launches and xStocks for tokenized equities; the protocol uses part of trading fees to buy back and permanently burn RAY daily, creating a fee-driven value return.
In September 2026 StonkFun shifted all new token launches to Raydium's LaunchLab, improving its liquidity and launchpad revenue. Raydium depends on memecoin and launchpad traffic, but a leading memecoin launchpad's in-house AMM is diverting flow, and a retired AMM pool was once exploited through a validation gap, so its reliable-rails positioning must be backed by continuous security work.
2021年，Raydium推出AMM v4，成為Solana上首個整合Serum訂單簿的混合型AMM，奠定了其DEX地位。同年12月，舊版AMM v3遭受攻擊，損失約134萬美元；團隊全額賠償，展現了安全韌性。 2022年，CLMM引入集中流動性。2024年，CPMM作為AMM v4的徹底重構版本上線，成為預設的恆定乘積池；LaunchLab同步推出，首週即創建3,760種代幣。 2025年，CLMM總鎖倉量突破10億美元，CPMM總鎖倉量超越AMM v4，標誌著生態成熟。累計回購達7,100萬枚RAY（佔供應量26.4%），總金額1.963億美元。Coinbase與Upbit上線RAY，進一步擴大了流動性。
On September 5, 2026, StonkFun shifted all new token launches to Raydium's LaunchLab; Pine Analytics data shows Q3 spot volume of about $16.1 billion and protocol revenue of about $9.39 million.
Buyback and burn continue: the protocol uses about 12% of trading fees to buy back RAY daily on the open market and permanently burn it; cumulative buybacks exceeded 30% of circulating supply by end-August, a single-day buyback of $640,000 on September 8 set a record since February 2025, and Q3 buybacks totaled about $5.15 million.
Other progress: cumulative xStocks tokenized-equity volume topped $6 billion, a permissioned AMM launched in July, and the CPMM fee structure was adjusted in October. RAY rose from about $0.90 in early September to about $2.56 on October 7, though pump.fun's in-house AMM is diverting volume.
On September 5, 2026 StonkFun routed all new token deployments through Raydium's LaunchLab, cutting launch costs from 0.29 SOL to 0.03 SOL and setting off a surge in tokenised equity trading. Third-quarter trading fees reached $57.1 million, more than triple the prior quarter, even though adjusted volume rose only 17% to $16.1 billion; tokenised stock volume climbed from $1.77 billion to $4.14 billion and LaunchLab launches jumped from 5,420 in August to 156,294 in September. About $6.2 million went into buybacks during the quarter, with the buyback wallet receiving 4.58 million RAY, roughly 1.7% of circulating supply, and cumulative repurchases passing 30% of circulating supply in August. RAY rose about 90% in a week to an 11-month high of $2.01 before falling 23.7% to $1.82 by October 17. Raydium's share of Solana DEX volume went from 4.3% in July to 12.2% in September, with TVL at $1.34 billion, and from October 1 it began taking 5% of creator fees on standard CPMM pools. Future strategy and roadmap: turn LaunchLab from a memecoin tool into an issuance channel for tokenised equities and RWAs, using higher per-trade fees to fund buybacks, while reducing reliance on a single integration so that nearly 80% of a quarter's fees do not concentrate in one month again.
Raydium has moved the fight from who lists more memecoins to who quotes more assets: tokenised equities now supply about 45% of swap fees, so revenue spreads across issuers instead of one launch wave, and Q3 net revenue of $7.99 million, up 264% quarter on quarter, is the first leg of that curve. Routing 12% of fees into daily RAY purchases held in a protocol wallet ties cash flow to LaunchLab issuance and has built a $243 million treasury. Pump.fun's Custom Pairs now lets memecoins quote against tokenised stocks and still led September with 18.6% monthly share against Raydium's 12.2%; the weak point is fabricated volume, with one wallet once producing 22.7% of it, so market quality decides how long the flywheel turns.
Timon Peng（共同創辦人，Twitter：https://x.com/TimonPeng） Timon Peng 於 2021 年共同創辦了 Raydium，這是一個基於 Solana 原生、利用 Serum 中央訂單簿的 AMM。他先前曾擔任全端工程師和安全研究員，自 2013 年起在加密貨幣領域擁有超過 10 年經驗。他主導了 Raydium 前端、API 和 SDK 的工程開發，並在 FTX 倒閉後促成了協議遷移至 OpenBook。在所提供來源中，未發現其他共同創辦人或現任核心高階主管。
Raydium tiers fees by pool type: CLMM offers 0.01%, 0.05%, 0.25% and 1%; CPMM offers 0.01%, 0.25% and 1%; Standard AMM v4 is fixed at 0.25%.
Raydium applies splits to the trading fee: CLMM and CPMM allocate 84% to LPs, 12% to RAY buybacks and 4% to the treasury; AMM v4 allocates 88% to LPs and 12% to RAY buybacks; on a 0.25% pool, LPs receive 0.21% and buybacks 0.03%.