Is Raydium Safe?
Risk Grade: C+ (37/100)
Raydium is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Moderate risk — dominant Solana DEX with massive volume, but admin key history and MEV extraction on LaunchLab are tangible concerns
The largest decentralized exchange on Solana, combining traditional liquidity pools with an on-chain order book. It holds $2.3B in deposits. Its C+ grade reflects a 2022 hack through a compromised admin key and the risk that admin-level access to pool settings has not been fully eliminated.
TVL
$1.0B
Mechanisms
7
Interactions
5
Value Grade
C+
Key Risks for Raydium Users
An admin key hack in December 2022 drained $4.4M -- the key gave direct control over pool funds, and full removal of admin powers has not been confirmed
The LaunchLab token launch tool has a predictable moment when liquidity moves between systems, letting bots front-run the event and extract money from buyers
Every Solana outage shuts down all Raydium trading. During the crash, your money is stuck with no way to exit
Top Risk Factors
- •Admin key compromise led to $4.4M exploit in Dec 2022, exposing centralised control over pool parameters
- •Hybrid AMM-orderbook model creates complex interaction surface between CLMM and CPMM pools
- •Heavy dependence on Solana runtime availability — network outages halt all trading and LP operations
Risk Score Breakdown
Raydium's highest risk area is Scale Exposure (7/10). Here's how each dimension contributes to the overall 37/100 score:
Read the Full Raydium Risk Report
This protocol has 2 collapse scenarios. 1 critical and 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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