공연
RD 인기지표
RD 성장지표
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.98% | 15.97% | 2.91% | 17.67% | 90.33% | 31.66% |
비교
토큰 경제학
진행 상황 잠금 해제
데이터 소스: CoinGecko
상위 보유자
| 보유 주소 | 토큰 | 보유 수량 | 비율 | 가치 |
|---|---|---|---|---|
| 0x0291...162e | ![]() RAY | 4,710 | 0% | $8.33K |
| 0xbe52...a4f4 | ![]() RAY | 1,163.92 | 0% | $2.06K |
| 0x4995...58cf | ![]() RAY | 1,100.41 | 0% | $1.94K |
개방 시장
| # | 거래소 | 거래 쌍 | 가격 | +2% 깊이 | -2% 깊이 | 거래량(24시간) | 거래량% |
|---|---|---|---|---|---|---|---|
| 1 | HHTXCEX | RAY/USDT | $0.9386 | $1,307 | $11,238 | $4,343,008 | 8.32% |
| 2 | OOKXCEX | RAY/USDT | $0.9355 | $23,968 | $52,897 | $550,571 | 1.05% |
| 3 | KKuCoinCEX | RAY/USDT | $0.9358 | $14,141 | $25,323 | $507,981 | 0.97% |
| 4 | BBitgetCEX | RAY/USDT | $0.9355 | $30,327 | $46,625 | $392,089 | 0.75% |
| 5 | UUpbitCEX | RAY/KRW | $0.9461 | $37,079 | $26,956 | $382,919 | 0.73% |
| 6 | BBingXCEX | RAY/USDT | $0.9425 | $93,228 | $76,536 | $320,018 | 0.61% |
| 7 | BBithumbCEX | RAY/KRW | $0.9449 | $9,880 | $2,332 | $83,303 | 0.16% |
| 8 | PPhemexCEX | RAY/USDT | $0.9385 | $703 | $660 | $53,804 | 0.10% |
| 9 | RAY/USD | $0.9376 | $13,880 | $225 | $41,787 | 0.08% | |
| 10 | UUpbitCEX | RAY/BTC | $0.9225 | $0 | $0 | $1,700 | 0.00% |
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Raydium 소개
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.
2021년, Raydium은 Serum의 주문장을 통합한 솔라나 최초의 하이브리드 AMM인 AMM v4를 출시하며 DEX로서의 입지를 확립했습니다. 12월에는 레거시 AMM v3가 공격을 받아 약 134만 달러의 손실이 발생했지만, 팀이 전액 보상하며 보안 복원력을 입증했습니다. 2022년에는 CLMM이 집중 유동성을 도입했습니다. 2024년에는 CPMM이 AMM v4의 완전한 재구성 버전으로 배포되어 기본 상수곱 풀이 되었고, LaunchLab이 출시되어 첫 주에 3,760개의 토큰이 생성되었습니다. 2025년에는 CLMM TVL이 10억 달러를 돌파하고, CPMM TVL이 AMM v4를 추월하며 성숙도를 입증했습니다. 누적 자사매입은 7,100만 RAY(공급량의 26.4%)에 달했으며, 금액으로는 1억 9,630만 달러입니다. 코인베이스와 업비트가 RAY를 상장하여 유동성을 확대했습니다.
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 (공동 창업자, 트위터: https://x.com/TimonPeng) Timon Peng은 2021년에 Raydium을 공동 창업했습니다. Raydium은 Serum의 중앙 주문장을 활용하는 Solana 기반 AMM입니다. 그는 이전에 풀스택 엔지니어이자 보안 연구원으로 일했으며, 2013년부터 암호화폐 분야에서 10년 이상의 경력을 쌓았습니다. Raydium의 프론트엔드, API, SDK 엔지니어링을 주도했으며, FTX 붕괴 후 프로토콜의 OpenBook 마이그레이션에 기여했습니다. 제공된 출처에서는 다른 공동 창업자나 현재 핵심 임원이 확인되지 않았습니다.
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%.

