Raydium is an AMM, a pool of liquidity bound by a constant function against which traders can swap assets to update prices. It is currently the largest decentralized exchange (DEX) on Solana.
Raydium offers two main services: 1) access to trading pools and 2) pool creation tools. Both services revolve around the same three pool types.
Below we show the protocol fees for the different product offerings.
Marc covers Ethereum, Bitcoin and their L2s. Previously led Ethereum and DeFi research at CoinShares.