Raydium overview
Decentralized (DEX). Established 2021. Trust rank 243. Reported 24h volume 761.15 BTC.
Coverage: 2593 active pairs across 2513 tradable assets. Liquidity profile: Moderate. Concentration: Diversified. Execution quality: Competitive. Top ten pairs share 56.5%. Key pairs include 8X5VQBHA8D7NKD52UNUS5NNT3PWA8PLD34YMSKESO2WN/SOL, DFH5DZRGSVVCFDOYC2CITKMRBDFRKYBA4SOFBPMAPUMP/SOL, 61V8VBAQAGMPGDQI4JCAWO1DMBGHSYHZODCPQNEVPUMP/SOL, DF6YFRKC8KZE3KNKRHERKZAETSXBRWENIQFYJY4JPUMP/SOL. Leading pair 8X5VQBHA8D7NKD52UNUS5NNT3PWA8PLD34YMSKESO2WN/SOL. Median spread on leading markets 0.60%.
Interpreting coverage and execution quality
Volume mix: SOL is the largest tracked quote currency at about 88.1% of measured flow. Data scope: 2641 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. When top ten share is lower, more pairs contribute to turnover, which can improve routing choices beyond the leaders. A good read is to pair these metrics w.
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