PancakeSwap vs Raydium

PancakeSwap4.0/5

VS

Raydium3.2/5

Feature	PancakeSwapVisit	RaydiumVisit
Ratings
Our score	4.0/5	3.2/5
User rating	No reviews yet	No reviews yet
Liquidity & pricing	4.5	4.5
Fees	3.5	3.5
Security	3.5	2.5
Ease of use	4.0	3.5
Chain coverage	5.0	2.5
Specs
KYC required	No	No
Type	AMM	AMM
Chains	BNB Chain, Ethereum, Aptos, Base, Arbitrum	Solana
Swap fee	Fees vary by product and pool.	0.25% on most pools; 0.01%, 0.05% or 1% on some tiers
Cross-chain swaps	Yes	No
Audited	Yes	Not disclosed
Open source	Yes	Not disclosed
Governance token	CAKE	RAY
Perpetual futures	Yes	No
Mobile app	Not disclosed	No
Points or rewards program	Yes	Yes
Company
Founded	2020	2021
Headquarters	Japan	—
Investors	YZi Labs	Not disclosed
Strengths and weaknesses
Pros	Available across 11+ blockchain networks Non-custodial wallet-based access without KYC Open-source contracts with audits from six security firms About $1.56B locked as of October 17, 2026	Runs without an account or KYC on Raydium itself About $1.18B TVL on 17 October 2026 Supports concentrated-liquidity pools on Solana Offers 0.01% and 0.05% fee tiers alongside standard 0.25% pools
Cons	Permissionless listings increase counterfeit-token and smart-contract risk Swap fees vary by product, pool and fee tier AMM trades remain exposed to slippage and MEV Cross-chain products add bridge and message-passing risk	Limited to the Solana ecosystem AMM execution brings slippage and impermanent-loss risk Failed transactions still consume Solana network fees Token-2022 transfer fees can increase total swap costs
Best for	Multichain spot traders, BNB Chain liquidity providers, CAKE staking users	Solana token swaps, Concentrated-liquidity providers, Solana token launches

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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