Comparison of DODO vs Raydium [ 2024 ]

The best cryptocurrency exchanges compared by their commissions, products offered, security and much more. Here is the DODO vs Raydium comparison!

Your expert: Alejandro Borja

dodo

DODO

  • Threenvest valuation: 4,3/5
  • Network: Ethereum
  • Security: High 4,4/5
  • Earns: Yes
Go exchange

Your expert: Xavier Tarrasó

raydium

Raydium

  • Threenvest valuation: 4/5
  • Network: Solana
  • Security: High 4,4/5
  • Earns: Yes
Go exchange

Main points

Fees

0,30%
NFTs
Yes

Native token

Token DODO
0,25%

Fees

No
NFTs
Token RAY
Native token

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
No

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.3 – Low transaction fees and efficient trading with the Proactive Market Maker (PMM) model.
4.5 – Low fees on the Solana blockchain, with dual yield farming options enhancing overall value.

Level

0,30%
0,25%

Brief explanation

DODO Exchange operates with a simple and transparent fee structure. It charges a flat fee of 0.3% for all trading transactions, regardless of whether you are a maker or a taker. This fee is considered competitive within the decentralized exchange (DEX) space. In addition to trading fees, users will also incur network fees, which are standard charges paid to the miners of the relevant blockchain (e.g., Ethereum). Importantly, DODO does not impose additional transfer or withdrawal fees beyond these network fees. This makes DODO an attractive option for traders looking to minimize costs associated with trading and asset transfer.

  Information on trading fees: DODO charges a flat fee of 0.3% for all buy and sell transactions, with network fees also applying​​. Additional details on fee structure and network fees: DODO does not impose transfer or withdrawal fees other than the network fees, which vary based on network pressure​​.
Raydium employs a straightforward fee structure, making it transparent for users. For each transaction executed in its liquidity pools, Raydium charges a 0.25% fee, which is split between liquidity providers and RAY token stakers. Specifically, 88% of this fee is redirected to the liquidity pool as a reward for liquidity providers, while the remaining 12% is used to buy RAY tokens and distribute them to stakers. Additionally, trades executed via the Serum DEX incur an average transaction fee of 0.22%, which can decrease based on the number of SRM tokens staked.

Besides these fees, users also need to consider network fees for transactions on the Solana blockchain, which are typically very low, ranging from 0.0001 to 0.001 SOL per transaction.

DODO

dodo
Go exchange
  • Security Methods: DODO ensures that users retain control over their private keys when trading, minimizing the risk of asset theft. The decentralized nature of the platform inherently reduces security risks associated with centralized exchanges.
  • Reputation and Reviews: Since its inception, DODO has garnered positive feedback for its innovative PMM protocol and user-friendly interface. The platform has built a reputation for being a forward-thinking player in the DeFi space
  • Transparency: DODO operates with a high level of transparency, providing detailed documentation and open communication about its operations, updates, and improvements. This openness builds trust among its users.
  • Trading Volume and Liquidity: With the PMM protocol, DODO offers high liquidity compared to many other DEXs, facilitating efficient and swift trades even for large orders, which contributes to its growing trading volume.
  • Withdrawal and Deposit Policies: DODO allows users to directly interact with their wallets for deposits and withdrawals, ensuring that they have full control over their funds without interference. This policy promotes both transparency and security.
  • Pros
  • High liquidity through PMM protocol.
  • No custody of user funds.
  • User-friendly interface for beginners.
  • Cons
  • Lower popularity than major DEXs.
  • Potentially vulnerable smart contracts.

Raydium

raydium
Go exchange
  • Year Founded: Launched in early 2021, Raydium has quickly established itself within the DeFi ecosystem, leveraging cutting-edge technology on the Solana blockchain.
  • Trading Volume and Liquidity: Raydium benefits from high trading volumes and deep liquidity, thanks to its integration with the Serum DEX, which enhances its efficiency and attractiveness to traders.
  • Security Methods: Raydium employs robust security protocols to ensure the safety of its users’ assets. This includes decentralized trading processes where users retain control of their private keys.
  • Reputation and Reviews: Raydium has garnered a positive reputation in the DeFi community for its innovative features and reliable performance, reflected in user reviews and community feedback.
  • Transparency: Despite the anonymity of its founders, Raydium operates with a high level of transparency regarding its processes and updates, including clear information about its integration with other platforms and its operational mechanics on the blockchain.
  • Pros
  • Fast transactions, low fees.
  • Seamless integration with Serum DEX.
  • Advanced trading features available.
  • Cons
  • Limited to Solana blockchain.
  • Founding team's anonymity raises concerns.

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Product selection

Native token

Yes, the native token is DODO.
Yes, the native token is RAY.

Earns

Yes, DODO offers liquidity mining, staking DODO tokens for rewards, and participating in crowdpooling events to earn returns.
Yes, Raydium provides EARN opportunities through liquidity mining, staking RAY tokens, and dual yield farming programs.

NFT marketplace

No, DODO does not have an NFT marketplace.
No, Raydium does not have an NFT marketplace.

Cripto/debit card

No, DODO does not offer a debit card.
No, Raydium does not offer a debit card.

Company information

Full name

DODO (DODO Exchange)
Raydium Protocol

Regulation

No, DODO is not regulated by any specific financial regulatory authority.
No, Raydium is not regulated by any specific financial regulatory authority.

Year founded

2020
2021

Founder

Diane Dai, Qi Wang, and Radar Bear
AlphaRay and XRay

Payment methods

Transfers

Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.
Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.

Mastercard

No, DODO does not support direct deposits via Mastercard. It only allows transactions through wallet connections.
No, Raydium does not support direct deposits via Mastercard. It only allows transactions through wallet connections.

Wire transfer

No, DODO does not support direct deposits via wire transfer. It only allows transactions through wallet connections.
No, Raydium does not support direct deposits via wire transfer. It only allows transactions through wallet connections.

Card

No, DODO does not support direct deposits via credit card. It only allows transactions through wallet connections.
No, Raydium does not support direct deposits via credit card. It only allows transactions through wallet connections.

Comparative table

DODO FEATURES Raydium
DODO allows trading with relatively low minimums, making it accessible for users with small amounts of capital to start trading efficiently.
Minimum Trade
Raydium allows relatively low minimum trades, accommodating users who wish to start with small amounts.
DODO’s fees are competitive within the DeFi space, utilizing a small percentage of each trade to facilitate liquidity and reward participants, keeping costs reasonable.
Trading and Transaction Fees
Raydium offers extremely competitive fees, with low trading costs thanks to the efficiency of the Solana network.
While offering a variety of popular cryptocurrencies, DODO’s selection is less extensive compared to larger exchanges but is continuously expanding.
Number of Cryptocurrencies
While Raydium supports a variety of SPL tokens, its selection is less diverse compared to larger exchanges.
DODO supports a moderate range of crypto-to-crypto trading pairs, focusing on major and some minor pairs, with plans to add more as the platform grows.
Crypto-to-Crypto Trading Pairs
It provides a good range of trading pairs, focusing on quality and liquidity, especially within the Solana ecosystem.
The DODO website provides clear information about its operations, protocols, and fees, though it could offer more detailed insights into its liquidity sources and contract mechanics.
Website Transparency
The website offers clear information about trading processes and fees, though could improve on team transparency.
DODO is primarily available on Ethereum and Binance Smart Chain, which covers a significant portion of the DeFi market but could expand to include more networks like Solana or Polkadot.
Credit/Debit Card
Limited to the Solana network, which, while fast and cheap, restricts users looking for multi-chain trading options.
As a decentralized exchange, DODO does not offer storage; users maintain control of their private keys at all times, trading directly from their wallets.
Storage Offering
As a DEX, Raydium does not offer custodial storage, relying on users to manage their wallets securely.
DODO provides attractive staking opportunities and rewards for liquidity providers, with a PMM model that enhances yield potential compared to traditional AMMs.
Staking and Rewards
Offers robust staking options and rewards, making it an attractive platform for users looking to earn through DeFi activities.
The DODO website is user-friendly and informative, designed to assist users in navigating and utilizing the exchange effectively, with ongoing updates to improve user experience.
Mobile App and Desktop
Raydium’s website is user-friendly and well-designed, making navigation and trading simple and efficient for all user levels.
Customer support is limited primarily to community-based channels such as Discord and Telegram, with no direct customer service hotline or email support.
Customer Service
Limited customer support options with no live chat or 24/7 service, which can be a downside for users needing immediate help.
Deposits and withdrawals are executed directly through users’ wallets, providing a high level of security and control over funds, although the process relies heavily on network performance.
Deposit and Withdraw
Deposits and withdrawals are handled through users’ wallets with no intermediaries, enhancing security but requiring user diligence in transactions.

Key features

Analysis tools

Proactive Market Maker (PMM) model, real-time price charts, liquidity pool analytics, and slippage protection.
Trading charts, order book, liquidity pool analytics, and price impact indicators.

Mobile APP

No, DODO does not have a dedicated mobile app, but it can be accessed via mobile browsers.
No, Raydium does not have a dedicated mobile app, but it can be accessed via mobile browsers.

Security

DODO uses Proactive Market Maker (PMM) algorithms to enhance trading efficiency and security. The platform has undergone multiple security audits and continuously works on improving smart contract safety to protect user funds.
Raydium benefits from the high security standards of the Solana blockchain. It has implemented multiple audits and employs advanced security practices to safeguard user assets and transactions.

Additional features

DODO offers Initial DODO Offerings (IDO) for new projects, customizable liquidity pools, and a crowdpooling mechanism that allows projects to raise liquidity in a fair manner.
Raydium offers AcceleRaytor for launching new projects, dual yield farming, integration with the Serum DEX for advanced trading, and staking opportunities for RAY tokens with additional rewards.

Anonymity

Yes, DODO permits anonymous trading through wallet connections without the need for personal identification.
Yes, Raydium allows for anonymous account usage through wallet connections on the Solana blockchain.

Key points

Available cryptocurrencies

Ethereum (ETH), Bitcoin (BTC), DODO (DODO), Tether (USDT), USD Coin (USDC), and numerous ERC-20 tokens.
Solana (SOL), Raydium (RAY), Ethereum (ETH), Bitcoin (BTC), USD Coin (USDC), and multiple SPL tokens on the Solana network.

User-friendliness

DODO provides a straightforward user experience with its unique Proactive Market Maker (PMM) model, which helps in efficient and cost-effective trading. The platform is intuitive, but understanding the PMM concept might require a learning curve for those new to DeFi.
Raydium provides a seamless user experience with its integration into the Solana ecosystem, offering fast and low-cost transactions. The platform is relatively easy to use, but new users might need some time to get accustomed to the Solana-based operations and features.

Value for money

DODO provides good value with its low transaction fees and efficient Proactive Market Maker (PMM) model, which reduces price slippage. The platform’s flexible liquidity pools and innovative features offer a cost-effective trading experience.
Raydium is cost-effective due to its integration with the Solana ecosystem, offering low transaction fees and high-speed trades. Its dual liquidity provision (AMM and Serum DEX order book) maximizes value for users seeking efficiency and low costs.

Countries of operation

Available globally, no specific country restrictions.
Available globally, focusing on regions supporting Solana.

Best for

Perfect for cost-conscious traders who value efficient trading with low slippage. Its innovative Proactive Market Maker (PMM) model is particularly beneficial for those who want to provide liquidity and earn rewards with better price stability.
Ideal for both new and experienced traders who value fast and low-cost transactions on the Solana network. Its integration with the Serum DEX provides advanced trading capabilities, making it a good fit for those looking for both simplicity and depth.

Account

Trading

DODO is known for its proactive market-making algorithm, which enhances liquidity and reduces slippage. The platform supports a variety of tokens and offers a user-friendly interface. However, DODO’s trading volume is relatively lower compared to larger DEXes like Uniswap, which can affect liquidity during high volatility.
Raydium operates on the Solana blockchain, providing high-speed and low-cost transactions. It integrates with Serum, offering deep liquidity pools. Raydium is excellent for traders looking for fast transactions but still lacks the extensive token support found on Ethereum-based DEXes.

Deposit and withdrawal

DODO allows users to trade directly from their wallets without needing to deposit funds onto the platform. This model keeps funds secure but requires users to handle transaction fees for each trade. DODO supports multiple wallets, including MetaMask and WalletConnect, making it versatile but reliant on the user’s wallet management.
Raydium utilizes the Solana blockchain, offering fast and low-cost deposits and withdrawals. Users can connect Solana-compatible wallets, such as Phantom or Sollet, to trade. The efficient transaction process is appealing, but users must handle wallet management and security themselves.

Account opening process

DODO simplifies the account setup by enabling users to trade directly from their wallets without creating an account. Supported wallets include MetaMask and WalletConnect. This method provides a seamless and secure trading experience but requires users to handle their own wallet security and transaction fees.
Raydium utilizes Solana-compatible wallets like Phantom for users to start trading. The process involves connecting the wallet to the platform without any formal registration, ensuring user privacy and ease of access. This approach is efficient but requires users to be diligent about wallet management and security.

KYC required?

No, KYC is not mandatory for using the platform.
No, KYC is not mandatory for using the platform.

Customer Service

DODO offers customer support through community forums, social media channels, and a comprehensive help center on their website. Users can access detailed guides and FAQs to resolve common issues. The reliance on community and self-help resources may be less effective for users seeking immediate or personalized support.
Raydium offers customer support through community forums, social media, and its help center, which includes comprehensive documentation and FAQs. The community-driven support is robust, but users who prefer direct customer service may find this approach lacking in immediacy and personalization.

Security

DODO uses Proactive Market Maker (PMM) algorithms to enhance trading efficiency and security. The platform has undergone multiple security audits and continuously works on improving smart contract safety to protect user funds.
Raydium benefits from the high security standards of the Solana blockchain. It has implemented multiple audits and employs advanced security practices to safeguard user assets and transactions.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert on our website, I highly recommend DODO for users who are looking for innovative liquidity solutions and efficient trading with minimal slippage. Its Proactive Market Maker (PMM) protocol significantly enhances the trading experience by ensuring better pricing and reduced impermanent loss. However, prospective users should be aware of the platform’s relatively limited customer support and the current range of available cryptocurrencies. For those interested in exploring advanced DeFi features and participating in liquidity provision, DODO offers a compelling, user-centric platform that’s definitely worth considering.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert closely following the developments in decentralized exchanges, I highly recommend giving Raydium a try, especially for those intrigued by the DeFi space and looking for low transaction fees and fast trades. The platform’s unique integration with Serum DEX and its operations on the Solana blockchain offer a seamless trading experience. However, keep in mind the importance of staying informed about the blockchain’s performance and diversifying your DeFi activities to manage risks effectively. Happy trading!

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong, any exchange can have problems.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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Comparison of DODO vs Raydium [ 2024 ]

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