An on-chain order book AMM powering the evolution of DeFi
🧬 So, what is Raydium?
Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages a central limit order book to enable lightning-fast trades, shared liquidity and new features for earning yield.
👽 Why is Raydium different?
Other AMM DEXs and DeFi protocols are only able to access liquidity within their own pools and have no access to a central order book. Additionally, many platforms run on other blockchains, such as Ethereum, where transactions are slower and gas fees are higher.
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.
A central order book for ecosystem-wide liquidity: Raydium provides on-chain liquidity to a central limit order book, meaning that Raydium allows access to 3rd party order flow and liquidity on the order book.
Trading interface: For traders who want to be able to view TradingView charts, set limit orders and have more control over their trading.
🧐 What can I do on Raydium?
Trade and swap
Raydium's swap feature allows two tokens to be exchanged quickly within liquidity pools, while the DEX UI also allows for more advanced trading features such as limit orders. These make for a better trading experience for users.