DEX comparison
JupitervsRaydium
Solana's best-price aggregator versus the AMM that often supplies the very liquidity it routes to.
At a glance
Higher 24h volume
Jupiter
$2.40B
Lower taker fee
Jupiter
0.07%
Deeper liquidity (TVL)
Jupiter
$2.50B
Longer track record
Roughly even
since 2021 vs since 2021
dexwatch score
Jupiter
87/100
Full comparison
Every figure is an approximate snapshot from public trackers. “Best” marks the stronger value in a row — higher volume or liquidity, lower fees, longer track record. Max leverage is shown as information, not a positive.
| Exchange | $JUP ★★★★★★★★★★87/100Excellent | $RAY ★★★★★★★★★★76/100Solid |
|---|---|---|
| Type | Spot Aggregator + Perps | Spot DEX (AMM) |
| Chains | Solana | Solana |
| 24h volume | $2.40BBest | $1.10B |
| 7d volume | $14.00BBest | $7.40B |
| Total value lockedLiquidity depth | $2.50BBest | $1.60B |
| Token price | $0.550 | $2.90 |
| 24h change | 1.10% | 5.20% |
| Market cap | $1.60B | $820.0M |
| Maker feeNegative = rebate | 0% | 0% |
| Taker feeLower is cheaper | 0.07%Best | 0.25% |
| Max leverageHigher = riskier | 20× | Spot only |
| Trading pairs | 1.2K | 4.2KBest |
| LaunchedLonger track record | 2021 | 2021 |
| Security scoredexwatch estimate | 84/100Best | 80/100 |
| Audits | OtterSecSec3 | OtterSecKudelski |
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Jupiter vs Raydium FAQ
Which has higher trading volume, Jupiter or Raydium?
Jupiter — about $2.40B in the last 24 hours versus $1.10B on Raydium. Figures are an approximate snapshot and move constantly.
Is Jupiter or Raydium cheaper to trade?
Jupiter has the lower headline taker fee at 0.07%, versus 0.25% on Raydium. Network gas and price impact still apply on top.
Which has deeper liquidity, Jupiter or Raydium?
Jupiter holds more total value locked ($2.50B versus $1.60B), a rough proxy for how much size a market can absorb.
Which offers higher leverage, Jupiter or Raydium?
Jupiter allows up to 20×, versus spot only on Raydium. Higher leverage multiplies losses as fast as gains — it is information, not an advantage.
What's the main difference between Jupiter and Raydium?
Jupiter is a spot aggregator + perps on Solana, while Raydium is a spot dex (amm) on Solana. One focuses on leveraged perpetuals, the other on spot swaps — so the right pick depends on what you want to trade.
What are perpetuals & perp DEXes?Leverage risk & liquidationDEX aggregators: 1inch & Jupiteraggregatorslippageliquidity
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