Raydium

Raydium is one of the core exchanges on Solana. Its distinguishing feature is the link to an on-chain order book: pool liquidity is also posted to the book, so trades can execute against the pool or against resting orders. For a trader that means better odds of a good price on larger sizes.

Solana settles in fractions of a second at a network fee of fractions of a cent, so Raydium is a common choice for active trading and for the first trades on freshly launched tokens. The flip side of that accessibility: new tokens are plentiful and many are empty shells, so checking the contract before buying matters here more than usual.