Raydium overview
Decentralized (DEX). Established 2021. Trust rank 1346. Reported 24h volume 414.78 BTC.
Coverage: 2189 active pairs across 2065 tradable assets. Liquidity profile: Moderate. Concentration: Moderately concentrated. Execution quality: Competitive. Top ten pairs share 71.0%. Key pairs include WSOL/USDC, BOME/WSOL, ARC/WSOL, ANI/WSOL. Leading pair WSOL/USDC. Median spread on leading markets 0.60%.
Interpreting coverage and execution quality
Volume mix: WSOL is the largest tracked quote currency at about 48.5% of measured flow. Data scope: 2396 tickers observed, with spread readings on 300 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage describes how many active pairs and tradable assets are available, which influences routing options and price discovery. Concentration tells you if activity is focused on a few markets or distributed across many pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. With a large set of active pairs, execution can vary across markets, so check whether activity is spread beyond the leaders. A good read is to pair these metrics with the top pairs panel and the volume chart to understand both structure and recent behavior.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy