Aerodrome scores 5 points above Raydium on the published criteria (15.4 vs 10.7 points), which this ranking scores from the record as a whole, not criterion by criterion. Aerodrome ranks #9 and Raydium #12 of 12 published DEXs. Every term of the gap is on the ledger below; the inputs are on the audit receipt.
Aerodrome46
vs
Raydium41
Scores are out of 100; published scores fall within 41–99 · ranks #9 and #12 of 12
Aerodrome scores 5 points above Raydium on the published criteria (15.4 vs 10.7 points), which this ranking scores from the record as a whole, not criterion by criterion.
Aerodrome #9 of 1246
Raydium #12 of 1241
Scores are out of 100; published scores fall within 41–99; a bar is empty at 41 and full at 99.
Why, term by termAerodrome leads on 0 of 2 published criteria; Raydium on 0. The terms sum to the gap.
TermAerodromeRaydiumWeightPoints
Published criteriaScore dimension15.410.730+12.2for Aerodrome
Net of the terms+12.2
Reproduced gap+12.2
Published gapAfter score rounding and bounds — see the note below4641+5.0
Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.
This ranking scores its published criteria from the record as a whole, not criterion by criterion, so they count here as one term and no single criterion is credited.
A row-above bound on one row means the criterion arithmetic does not reproduce the displayed gap exactly.
AerodromeScore 46Base's dominant DEX — ve(3,3) liquidity flywheelStrength: Base-chain liquidityWatch-out: Single-chain (Base) and young — a shorter track record than multi-chain incumbentsRaydiumScore 41Solana's leading AMM — constant-product pools, admin-controlledStrength: Solana liquidityWatch-out: A 2022 admin-key compromise caused a pool exploit — weigh its security record
Quick facts
At a glance
2 of 4 rows read the same for both.
FactAerodromeRaydium
PricingSnapshotSwap fee: set per pool; "Pool swap fees are redesigned to be adjusted independently from the pool type." (Aerodrome docs, Liquidity page, read 3 November 2026); no default rate is published there. AMM: ve(3,3) (Velodrome lineage). Since 2023. Base only. veAERO governance. Audited (a Nov-2025 front-end DNS hijack was not a contract exploit). Live TVL shown for context (DefiLlama), not scored.Swap fee: AMM v4 pools charge "0.25% of input volume" (Raydium docs, AMM v4 fees page, read 3 November 2026); CPMM and CLMM pools use per-pool fee tiers. AMM: constant-product (AMM v4's OpenBook dependency removed July 2026; also CPMM and CLMM pools). Since 2021. Solana. RAY governance; admin multisigs can upgrade programs and change fees or pool status. Audited; had a 2022 admin-key exploit. Live TVL shown for context (DefiLlama), not scored.
Asset coverageEditorial——
Region fitSnapshotus, europe, globalus, europe, global
Security postureSnapshotAudited; upgradeable contracts.Audited; admin-controlled contracts; a major exploit in its protocol history (2022, rated severe).
From the published criteria
Which should you pick?
Aerodrome
46#9 of 12
Leads
Pick it when
Aerodrome leads on no published criterion; its edge is published criteria (15.4 vs 10.7 points). Pick it if that term is what you are buying.
Strength
Base-chain liquidity
Tradeoff
Single-chain (Base) and young — a shorter track record than multi-chain incumbents
Raydium
41#12 of 12
Pick it when
Raydium leads Aerodrome on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.
Strength
Solana liquidity
Tradeoff
A 2022 admin-key compromise caused a pool exploit — weigh its security record
Self-identify in 10 seconds
Which one is actually for you?
AerodromeLeads
Aerodrome leads Raydium on no published criterion
Choose it only if something outside the published criteria decides for you — your country, a funding rail, or custody.
AerodromeScore 46Base's dominant DEX — ve(3,3) liquidity flywheelStrength: Base-chain liquidityWatch-out: Single-chain (Base) and young — a shorter track record than multi-chain incumbents
Raydium
Raydium leads Aerodrome on no published criterion
Choose it only if something outside the published criteria decides for you — your country, a funding rail, or custody.
RaydiumScore 41Solana's leading AMM — constant-product pools, admin-controlledStrength: Solana liquidityWatch-out: A 2022 admin-key compromise caused a pool exploit — weigh its security record
Criterion by criterion
Scorecard
Published criteria · weight in points of 860 of 4 cells scored. Strength is read from the evidence file; the weight is the published one. Methodology
Security
weight 14.4 of 86Not scored
AerodromeNot scored
No evidence cell for this criterion, so no strength is drawn.
RaydiumNot scored
No evidence cell for this criterion, so no strength is drawn.
Decentralization
weight 9.6 of 86Not scored
AerodromeNot scored
No evidence cell for this criterion, so no strength is drawn.
RaydiumNot scored
No evidence cell for this criterion, so no strength is drawn.
Score dimensions
weights sum to 86
The published score is five dimensions, each weighted for the category. "Published criteria" is the criteria block above; the other four are the engine's own terms — availability, friction, trust record, measured data. Each bar is one side's points out of that dimension's maximum; the weight beside the name is its points of the 86-point weighted total. The published criteria above can fill 24 of the block’s 30. A weight marked “constant here” belongs to a dimension every ranked product in the category holds at the same value: it still counts in the total, and it orders nothing here.
Availabilityweight 20 of 86 · constant here
Aerodrome14/20Raydium14/20
Tie
Published criteriaweight 30 of 86
Aerodrome15.4/30Raydium10.7/30
Aerodrome leads
Frictionweight 10 of 86 · constant here
Aerodrome2.7/10Raydium2.7/10
Tie
Trust recordweight 8 of 86 · constant here
Aerodrome3.2/8Raydium3.2/8
Tie
Measured dataweight 18 of 86 · constant here
Aerodrome5.5/18Raydium5.5/18
Tie
Decision rulePublished order
Choose Aerodrome unless the term Raydium leads on is the one you are buying.
Raydium leads Aerodrome on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.
The published order weighs every criterion the same way for everyone. To weigh them your way, run .
From the published order
Next best action
If this isn't your case
Other matchups worth comparing
How you can lose money here, and what the ranking scores
Contract failure: the code holding the funds is exploited.
Scored by Security & track record · 60%
Control failure: a key or vote changes the rules, freezes or mints.
Scored by Decentralization & trust-minimization · 40%
Not assessed by this ranking: Oracle failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Questions
Frequently asked questions
Aerodrome scores 5 points above Raydium on the published criteria (15.4 vs 10.7 points), which this ranking scores from the record as a whole, not criterion by criterion. Published scores, out of 100: Aerodrome 46 (rank 9 of 12 dexs), Raydium 41 (rank 12 of 12).
ReviewedRe-read in progressOverdue; re-read by 10 November 2026.Methodology v2026.10.18
How this page is reviewed
Reviewed means both products compared here was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
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