Raydium

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for DeFi applications.

## Executive Summary Raydium is a decentralized finance (DeFi) protocol that serves as an **automated market maker (AMM)** and liquidity provider on the **Solana blockchain**. It is designed to facilitate high-speed, low-cost token swaps and liquidity provision within the Solana ecosystem. Unlike many AMMs that rely solely on their own liquidity pools, Raydium also leverages the central limit order book of the **Serum decentralized exchange (DEX)**, allowing for enhanced liquidity and broader price discovery. This hybrid model aims to offer users the best of both worlds: the ease of use of an