MoonPay and Raydium, the leading decentralized exchange on Solana, announce a new partnership.
Launched in 2021, Raydium is an automated market maker platform where users can swap and trade digital assets and supply liquidity to earn yield.
Now, for the first time, Raydium users can buy and sell crypto using all major payment methods including debit and credit card, Apple Pay, Google Pay, and bank transfer.
“Easier access to decentralized exchanges like Raydium is crucial for the growth of our ecosystem,” said Ivan Soto-Wright, MoonPay’s co-founder and CEO. “By enabling users to seamlessly onboard onto DEXs, we’re effectively broadening adoption of decentralized finance and making it more accessible for newcomers.”
“MoonPay’s on and off-ramp service makes it easier than ever for new users to get started on Raydium, Solana’s leading decentralized exchange,” said Raydium contributor 0xINFRA. “A simplified onboarding process not only enhances user experience but also positions Solana as the most user-friendly blockchain for newcomers.”
Raydium has become a cornerstone of the Solana ecosystem. Since January it created over 275,000 new liquidity pools, bringing its total to over half a million, and in May it processed $35 billion in trading volume–an all-time high for the platform.
Currently Raydium is responsible for approximately half of all trading volume on Solana.