What is Raydium?

Raydium is an automated market maker (AMM) and liquidity provider founded to operate on the Solana blockchain, specifically for the Serum decentralized exchange. The protocol's architecture allows it to provide on-chain liquidity to a central limit order book, granting liquidity providers access to the complete order flow of Serum. Raydium aims to facilitate the integration of both new and existing projects into the Solana and Serum ecosystems.

The native token of Raydium is RAY, which is intended to play a key role in the development of the platform and its partnerships. The protocol seeks to establish itself as a significant AMM and liquidity provider within the Serum network, focusing on the advancement of decentralized finance. The project's governance structure and supply cap details are not specified.