Raydium

Raydium receives a C+ risk grade (37/100) from Hindenrank, where lower scores indicate lower risk. 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.

The key risks identified for Raydium are: (1) 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 (2) 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 (3) Every Solana outage shuts down all Raydium trading. During the crash, your money is stuck with no way to exit

Raydium scores 37/100 across eight risk dimensions: Mechanism Novelty: 2/15, Interaction Severity: 10/20, Oracle Surface: 0/10, Documentation Gaps: 3/10, Track Record: 6/15, Scale Exposure: 7/10, Regulatory Risk: 2/10, Vitality Risk: 7/10. The highest risk area is Scale Exposure at 7/10.

Among 111 rated DEX protocols on Hindenrank, Raydium ranks #72 by safety (lowest risk score = safest). Its 37/100 risk score and C+ grade place it in the middle tier of DEX protocols.

Raydium scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.