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Looking back over the past year, Raydium's performance within the Solana ecosystem has been truly impressive. As the first Solana DEX to surpass a trading volume of over trillion dollars, it is no longer just an automated market maker.
This project has quietly undergone a transformation—from a traditional AMM to a multi-dimensional ecosystem including derivatives trading, token issuance infrastructure, RWA assets, stablecoins, and more. The token buyback scale conducted last year even set industry records, with unprecedented strength.
From a single function to a complete ecosystem stack, this isn't a story for 2025, but a strategic move Raydium had already laid out in 2024. Maintaining this resilience and speed of innovation during the downturn on the Solana chain speaks volumes, and the implications are obvious.