Can You Create a New Coin on Raydium or Just Add Liquidity?

Creating a new coin on Raydium is not the main function; rather, it allows users to add liquidity to existing tokens and liquidity pools on the platform. To launch a new coin independently, you need to develop and deploy your token smart contract on the Solana blockchain outside of Raydium, then subsequently add that token to Raydium's liquidity pools. The cost involved in creating a new token primarily depends on blockchain deployment fees and development costs, which can vary widely. Generally, deploying a Solana-based token smart contract might cost around a few hundred to a couple of thousand dollars, depending on the complexity and the developer fees. After creation, you can then add liquidity to Raydium's pools, which involves providing a corresponding amount of tokens and possibly pairing them with other tokens like USDC or SOL to facilitate trading.