Is Raydium legit?
Raydium is a real, operating dex live since 2021-02. It is non-custodial, KYC: none. We found 2 reported incidents (listed below). Legit is not the same as low-risk: the coins traded on it can still go to zero.
Checked 2026-10-17 · 12 sourcesThe checklist
| Check | Finding |
|---|---|
| Operating status | live |
| Custody | Self-custody |
| Identity check (KYC) | none |
| Known backers | none found |
| Reported incidents | 2 |
| Published fees | yes |
| US availability | restricted |
Custody: who holds your money
Users swap and provide liquidity from their own Solana wallets.
Incidents
- 2022-12-16: Pool owner key compromise drained AMM v4 pools. An attacker obtained the private key of the AMM v4 pool owner account and drained about $4.4M from eight constant-product pools. Raydium attributed it to key management, not a program bug, and moved authority roles to a multisig. source
- 2026-06-10: Infinite-mint exploit listed against Raydium AMM. DefiLlama's hacks database lists a Raydium AMM incident classified as token and share accounting (infinite mint) with about $1.34M lost. Raydium's own security docs did not describe it when checked. source
Real downsides
- About $4.4M was drained in December 2022 after a pool owner key was compromised.
- Swaps opened from someone's referral link cost an extra 1% of input.
- Terms exclude US residents.
- LaunchLab bonding-curve trades cost 1% by default.
Can you use it where you live?
| Region | Status |
|---|---|
| United States | Not available |
| United Kingdom | Available |
| European Union | Available |
Terms state the Raydium Protocol is not available to residents of a listed set of jurisdictions that includes the USA, Belarus, Cuba, Iran, Syria and others. The UK and EU are not on the list. (source)
We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.
How to use Raydium without getting scammed
- Only open raydium.io — fake lookalike sites and "support" DMs are the most common way people lose funds on any trading venue.
- Never share a seed phrase or private key. No real support agent will ask for one.
- A referral code only changes your fee and who gets a share of it. It never needs your keys.
- Treat every new memecoin as able to go to zero. A legit venue does not make the coins on it safe.
Comparing options? See the full Raydium sheet or Orca, Uniswap, Aerodrome.
FAQ
Is Raydium legit?
Raydium is a Solana AMM live since February 2021, with published audits. In December 2022 an attacker used a compromised pool owner key to drain about $4.4M from eight AMM v4 pools, and Raydium moved admin roles to a multisig. DefiLlama also lists a smaller June 2026 incident.
What are Raydium's swap fees?
AMM v4 pools charge 0.25% per swap. CPMM and CLMM pools use configurable tiers with 0.25% as the default; CLMM tiers include 0.01%, 0.05% and 1%. LPs receive 84-88% of the fee.
Why did my Raydium swap cost an extra 1%?
Swaps opened through someone's Raydium referral link add a 1% fee on the input amount, paid to the referrer. Opening raydium.io/swap directly carries no referral fee.
How much does LaunchLab charge?
LaunchLab's default bonding-curve fee is 1% on buys and sells. After graduation, tokens trade in a CPMM pool, typically at the 0.25% tier.
Is Raydium available in the US?
No. Raydium's terms list the USA among jurisdictions whose residents cannot use the Raydium Protocol. The UK and EU are not listed.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Raydium docs: fee comparison — checked 2026-10-17
- Raydium docs: protocol fees — checked 2026-10-17
- Raydium docs: Referrals & Blinks — checked 2026-10-17
- Raydium docs: Earn referral fees (LaunchLab) — checked 2026-10-17
- Raydium docs: history and milestones — checked 2026-10-16
- Raydium docs: audits and historical incidents — checked 2026-10-16
- Raydium Terms of Service — checked 2026-10-17
- The Block: Raydium suffers $4.4 million exploit — checked 2026-10-16
- Cointelegraph: Raydium unveils LaunchLab — checked 2026-10-16
- DefiLlama hacks database — checked 2026-10-16
- Raydium docs: Perps trading fees (Orderly tiers) — checked 2026-10-17
- Raydium Docs: Perps fees — checked 2026-10-17