Raydium AMM

An on-chain order book AMM powering the evolution of DeFi.

## Overview Raydium AMM is a decentralized exchange (DEX) built on the Solana blockchain that combines an automated market maker (AMM) model with an on-chain order book. This hybrid architecture distinguishes it from traditional AMMs that rely solely on constant product formulas. Raydium was created to address liquidity fragmentation on Solana and to provide traders and liquidity providers with more efficient trading mechanisms than what pure AMM designs offer. The protocol operates by allowing users to trade against liquidity pools while also maintaining an order book component that can execu