Jun 10, 2026
Technology
Solana Exchange Raydium Hit With $1.34 Million Exploit as DeFi Attacks Grow
Five deprecated liquidity pools from Solana-based decentralized exchange Raydium were exploited on Wednesday, leading to more than $1.34 million in stolen funds. The exploit impacted the firm’s legacy automated market maker program and led to the loss of Solana (SOL), as well as dollar-backed stablecoin USDC and the exchange’s native token, RAY. “No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since their deprecation...
Mar 26, 2025
DeFi
Solana DEX Raydium's Pump.fun Alternative Is Going Live 'Within a Week'
Solana decentralized exchange Raydium says it’s going live in the next week with its “flexible” token launchpad, which will address what have become user pain points on its soon-to-be competitor Pump.fun. The new platform, LaunchLab, will allow users to adjust a token’s bonding curve and tokenomics, while still offering a user-friendly cookie cutter option. Previously, Raydium had simply operated as an automated market maker and decentralized exchange on Solana; while Pump.fun rapidly grew to be...
Feb 24, 2025
Markets
Raydium Token Dips 22% as Rumors Swirl on Pump.Fun Changes
Raydium's RAY token plummeted Sunday amid speculation that meme coin launchpad Pump.fun is preparing to launch its own automated market-making system. RAY has dropped 22% over the past 24 hours to $3.28 and is down a further 5% over the past hour, according to data from GeckoTerminal. Pump.fun has yet to respond to Decrypt's request for comment. Raydium's representatives have not publicly addressed the situation nor returned requests for comment. The sharp decline follows the discovery of an app...