After Successful Launch, Solana DEX Raydium May Integrate SushiSwap

After Successful Launch, Solana DEX Raydium May Integrate SushiSwap

February 23, 2021

Key Takeaways

  • Raydium, a new decentralized exchange running on Solana, may soon integrate SushiSwap.
  • A proposal on the SushiSwap forum details a plan to use Raydium as a bridge to bring the exchange onto Solana.
  • Raydium supports order books and has quickly drawn attention from the DeFi space.


SushiSwap on Solana? Thanks to Raydium, it may happen soon. 

Proposed SushiSwap Integration 

Raydium, a new automated market maker (AMM) built on the Solana blockchain, may integrate SushiSwap. 

A proposal called “Bonsai” on the SushiSwap forum details a plan to “build out SushiSwap on Solana and Serum.” Written by someone using the moniker handroll, the proposal starts by acknowledging SushiSwap’s growth, which Ethereum helped. 

The post explains how Raydium was built on Serum and Solana to solve three issues: expensive gas fees, lack of limit orders and advanced trading, and fragmented liquidity. 

Handroll, who appears to be involved in the Raydium project, also says: 

If we could somehow work alongside the community to build out support for Sushiswap on Solana, we think the community would quickly see even wider reach while Sushi products would benefit from ecosystem-wide liquidity, fast transactions and low fees on Serum.” 

The proposal notes that Serum’s decentralized order book could potentially support SushiSwap’s liquidity pools. It then explains how Raydium could effectively be a bridge to bring SushiSwap onto Solana. 



















The process would involve supporting SushiSwap’s liquidity pools and staking on Serum, followed by Raydium’s testnet. Later, developers would deploy SushiSwap’s Bonsai pools on mainnet, and Raydium would integrate SushiSwap’s Raydium pools.

Raydium Launches on Solana 

Raydium recently launched on Solana and has quickly garnered attention from the DeFi community. The project’s early success has been helped by Solana and Serum figurehead Sam Bankman-Fried, who alerted his Twitter followers to the launch earlier this month. Explaining the advantages of Radium, Bankman-Fried told Crypto Briefing: 

“Raydium is unique in two ways: 1) Solana makes it fast, cheap, and high throughput 2) Because it provides liquidity on Serum orderbooks, it is able to provide to all the flow on Solana, not just users who seek it out; and it has the flexibility to provide in different ways in the future.”

Bankman-Fried also helped SushiSwap early on, standing in to take ownership of the SushiSwap contract’s keys after Chef Nomi rug pulled the community. He told Crypto Briefing that a SushiSwap integration would be beneficial for both protocols. He said:

“Integrating SushiSwap would help bring users and Sushi airdrops over to [Raydium], and would help bring fast and cheap transactions, liquidity, and fees back to SushiSwap.” 

Raydium includes an order book for trading while also promising low gas fees. In some ways, the Solana network has branded itself on its low running costs, which is a possible attraction for regular DeFi users as Ethereum gas fees hit new highs (a fast trade hit 1,000 gwei yesterday). 









In a tweetstorm, Bankman-Fried explained how Raydium could aggregate liquidity across protocols and provide access to traders. It achieves composability by using Serum as “an on-chain matching engine,” fast transactions on Solana, and the support of order books to allow market makers and takers to share order flow and liquidity. 

Raydium’s pools went live on Feb. 19 and already have millions of dollars in total value locked. The RAY token, meanwhile, has soared since launching on Sunday. In a week where the rest of the market is experiencing a downturn, it’s already hit a market cap of $121.8 million, trading at $11.20. 




The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article