Swap FAQ

What is a swap? A swap exchanges one token for another using Raydium's onchain smart contracts. No intermediary, no custody — you trade directly against liquidity pools. Exchange rates are calculated by the pool's formula based on available liquidity.

Where does the liquidity come from? Raydium's own liquidity pools. The routing engine automatically finds the best path across multiple pools to minimize slippage and get you the best price.

How do tokens get listed? Raydium is fully permissionless — anyone can create a pool and list a token. Always verify the contract address before swapping.

What are the fees? Swap fees range from 0.01% to 4% depending on the pool:

Pool type	To LPs	RAY buyback	Treasury
AMM v4	88%	12%	—
CPMM	84%	12%	4%
CLMM	84%	12%	4%

Network fees

Solana charges fees to process transactions. Generally, expect fees to be ~0.0001–0.001 SOL per transaction.

Fee type	Amount	Description
Base fee	0.000005 SOL	Fixed cost per transaction (50% burned, 50% to validator)
Priority fee	Variable	Optional fee to increase your transaction's priority in the queue

Raydium's UI shows recommended priority fee tiers (low, medium, high) based on recent network activity. You can adjust this in the settings.

💡 Higher fees don't guarantee inclusion — they improve your odds during congestion. Most swaps land fine with default settings.

What is price impact? The difference between the market price and your execution price, determined by your trade size relative to pool liquidity. Bigger trade = more impact. If you see high price impact, try a smaller amount or a deeper pool.

What is slippage tolerance? The maximum difference between your expected price and execution price. If the price moves beyond your tolerance, the swap fails. Set it via the gear icon on the swap page. Too high = risk of bad execution. Too low = failed transactions.

Why did my transaction fail?

Issue	Fix
Insufficient SOL	Keep at least 0.05 SOL for network fees
Slippage exceeded	Increase slippage tolerance
Timeout	Transaction didn't land — increase priority fee

What are versioned transactions? A newer transaction format that enables advanced swap routing. Most wallets support it by default. If you're using a Ledger and seeing errors, update your Solana app in Ledger Live and re-enable blind signing.

What is wrapped SOL? wSOL is SOL wrapped for use in smart contracts — redeemable 1:1 for SOL. If a swap leaves you with wSOL, go to raydium.io/swap and it'll prompt you to unwrap automatically.

Are tokens on Raydium wrapped? Some are. wBTC and wETH are wrapped via Wormhole's Portal bridge. Other tokens may use different bridges. Always verify the mint address — if unsure, ask in Discord or Telegram.

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