Raydium AMM
Best for documented on-chain trading
How it rates
- Documentation published at a public address
- No audit report linked in the public dataset at this check
- Single-chain deployment
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- Not metIndependent audit published with a linked report
No audit report linked in the public protocol dataset at this check.
defillama.com/protocol/raydium-amm - Not metAudit count recorded in an independent dataset
0 audit(s) recorded.
defillama.com/protocol/raydium-amm - MetProtocol tracked by an independent analytics platform
Listed with published TVL and history.
defillama.com/protocol/raydium-amm - Met
- Met
- MetDocumentation published where fees are described
Documentation reachable for fee review.
docs.raydium.io/ - Met
- MetIndependent dataset publishes protocol economics
TVL and change history published independently.
defillama.com/protocol/raydium-amm - PartialFee model documented publicly
Documentation available; specific fee tiers not captured at this check.
docs.raydium.io/ - Met
- Met
- Met
- Not met
- Not met
- PartialListed on the independent dataset for over a year
Listing date recorded in the dataset.
defillama.com/protocol/raydium-amm
- MetIndependent analytics page published
Public protocol page with history.
defillama.com/protocol/raydium-amm - Not metAudit documentation linked publicly
No audit report linked at this check.
defillama.com/protocol/raydium-amm - Met
- MetProtocol identity and chains disclosed
Chains and category published: Dexs.
defillama.com/protocol/raydium-amm - Met
- Met
- Met
- Met
- Not met
- Met
Solana's largest automated market maker by value locked, holding $846m and serving as the routing backbone for much of the network's trading.
Our assessment
Raydium holds $846m on Solana, the second-largest figure in this comparison, and functions as the routing backbone for a large share of the network's trading. Its evidence surface is much thinner than its size.
Depth is what a trader is buying
For anyone trading size, the only question that matters is how much the price moves against them. At $846m, Raydium absorbs orders that would visibly move a $100m venue, and aggregators route through it constantly for that reason. Depth is not a vanity metric — it is the product.
Where the memecoin flow sits
A substantial share of Solana's speculative activity passes through pools like these, which produces enormous fee income and a liquidity base that can move quickly. Depth built on a trend is real while the trend lasts. Judge the pair you are trading rather than the headline total.
No audit report at this check
For a protocol holding this much value, the absence of a linked audit report at a public address is the single largest gap in its evidence. Our counterparty pillar is 30% of the score, and no amount of TVL substitutes for a published review — size attracts attackers rather than deterring them.
Who it suits
Raydium fits Solana traders who need depth and are trading through aggregators anyway. Users who want published audit evidence should look at Uniswap, Curve, PancakeSwap or QuickSwap.
How rivals compare
Frequently asked
Does this score mean Raydium AMM is safe to use?
No. It measures what an outsider can verify: linked audits, published documentation and independently recorded market data. Contract behaviour is not tested by us.
Where does the TVL figure come from?
An independent public analytics platform, queried at the verification date. Anyone can re-run the same query.
Why do some protocols score zero on audits?
Because no audit report is linked in the public dataset. It records what a user can reach, not a claim that no audit was ever performed.