Raydium Review 2023

Raydium is a popular decentralized exchange created by an anonymous team in 2021.

It runs on 1 different chains including Solana.

Raydium offers features such as nfts, liquidity mining, staking, yield farming, launchpad, spot trading and more.

We rated Raydium 4/5, based on it's features, security, and future prospects.

Raydium Features

NFTs

This DEX sells NFTs that you can buy and collect. They're great for profile pictures, and in some cases could be used for staking. Though this depends on the DEX.

Liquidity Mining

Raydium allows you to earn passive income by providing liquidity. You're given LP tokens in return, which are interest bearing. The interest comes from trading fees generated by Raydium.

Staking

Has staking for it's native token; allows you to earn passive income.

Yield Farming

Hosts incentivised yield farms. You can earn boosted rewards from staked LP tokens. This is a great way to earn more crypto. Projects put up tokens for you to earn, often for marketing efforts.

Launchpad

Has a project launchpad that launches new tokens.

Spot Trading

This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.

Raydium Fees

Trading Fees

All DEXs charge trading fees. Raydium is no different.

Trading fees incentivise liquidity providers to provide liquidity to Raydium. This enables people like you to freely trade between tokens without incurring too much slippage.

Withdrawal Fees

Raydium does not charge withdrawal fees.

DEXs, generally, do not require you to deposit funds onto them. Therefore there is nothing to withdraw. This is one of the many great things about dencentralized exchanges. You get to be the sole custodian of your funds.

How to use Raydium?

Get a crypto wallet that supports web3 on one Raydium's of supported chains.
Deposit crypto into the wallet, ensuring you have tokens for gas
Navigate to Raydium's homepage
Connect your wallet to the website
Goto Swap/Trade
Choose a token that you'd like to swap to
Finally, swap!

FAQ

Where can I buy RAY ?

You can by RAY direct from Raydium. It is the native token of Raydium, and they will therefore offer the most liquidity.

Is Raydium safe?

Yes, Raydium is safe to use. However, you should be aware that crypto trading carries inherent risk. dApps are vulnerable to exploits, so make sure to DYOR before investing.