Raydium is a leading Solana DEX with over $2.3B+ TVL that combines automated market making with central limit order books.
Primary Pool: JitoSOL-SOL concentrated liquidity
Concentrated Liquidity: Focus capital in specific price ranges for higher efficiency
Permissionless Farms: Anyone can create liquidity pools and bootstrap tokens
Hybrid Model: Combines AMM with order book liquidity from OpenBook
For automated management, Kamino offers Raydium vaults: