Top 10 Largest Liquidity Pools on Raydium

| Investments | 14 seen

After successfully launching the TerraM token on the Solana blockchain, I was looking for markets to list the token. That's how I found Raydium.

I like the Raydium network because it was relatively easy to create a USDC/TerraM market and start providing liquidity for TerramM coin.

As being new to Raydium (and Solana blockchain) I'm still learning it. To get a better understanding of what Raydium is, and how it works,  I decided to take a look at the largest markets by liquidity pools

Raydium (RAY) is an on-chain order book automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity, and new features for earning yield

On December 27, 2022, the Total Value locked (TVL) was about $37M while the 24H Volume was $2M.

Top 10 Largest markets on Raydium (as of December 27, 2022)

  1. RAY / USDC / $2,179,080
  2. ZBC / USDC / $2,061,145
  3. SOL / USDC /  $1,686,166
  4. RAY / SOL /  $1,595,788
  5. RAY / USDT /  $1,147,413
  6. USDT / USDC /  $1,072,112
  7. PRISM / USDC / $642,018
  8. SOL / USDT / $610,357
  9. SLIM / SOL /  $556,418
  10. AUDIO / USDC / $548,637
Raydium liquidity pools

If compared to the total crypto market cap ($800B), these numbers seem humble, to say the least, but on the other hand, Raydiun and Solana are just a minor part of the total Crypto Market cap (dominated by BTC and ETH)

The top largest markets on Raydium combined make about $11.5M in liquidity, about 30% of the total network. I bet you haven't heard most of the coins listed above (except USDC, USDT, and SOL)

From the coins listed in the top - RAY - USDC pair- native token for the Raydium, followed by ZBC-USDC (node idea), SOL-USDC (Solana native token), PRISM-USDC (no idea).  SLIM (no idea), AUDIO (no idea)

USDC and USDT are stablecoins with very large market caps themselves, so I don't think there is a need to delve deeper.

From CoinmarketCap I was able to find more about these coins, all of them are well under the top 100

  • RAY / Rank #484
  • ZBC / Rank #717
  • PRISM / Rank #1063
  • SLIM / Rank #1070
  • Rank #151

Well, just some raw data to explore and work more in the future.

Speaking of TerraM coin, which also is listed on Raydium our liquidity is under $200, and we are not yet even listed on CoinMarketCap. 

It will be interesting to see how the Raydium network will evolve and how TerraM coin will grow inside this ecosystem over time.

Swap USDC for TerraM on Raydium