PancakeSwap vs Raydium — how do they compare? PancakeSwap trades at Rp25,638 (market cap Rp8,3T, Rp222,78M 24h volume), while Raydium trades at Rp11,211 (market cap Rp3,03T, Rp118,85M 24h volume). The key difference: PancakeSwap is far larger — about 2.7× Raydium's market cap, and PancakeSwap's circulating supply is 321,6M / 400M CAKE (81%) versus 269,5M / 555M RAY (49%) for Raydium. Which is the better fit depends on your goals — on Pluang, investors hold PancakeSwap for 75 Days and Raydium for 25 Days on average.
| CAKE | RAY | |
|---|---|---|
Market Cap | Rp8,3T | Rp3,03T |
Volume (24h) | Rp222,78M | Rp118,85M |
Circulating Supply | 321,6M / 400M CAKE (81%) | 269,5M / 555M RAY (49%) |
Typical Hold Time | 75 Days | 25 Days |
Signals from Pluang's Aura AI — not financial advice
PancakeSwap (CAKE) is trading at Rp25,648 with a market cap of Rp8.29T, showing bullish technical signals with all 13 moving averages indicating buy signals. The token trades above key support levels with RSI in neutral territory, suggesting room for upward movement. With 81% of the 400 million max supply in circulation and an average hold time of 75 days, the token demonstrates stable distribution. Recent protocol upgrades and DEX volume growth support the positive technical outlook.
Overall outlook remains positive with strong technical momentum and growing DeFi adoption. Key opportunities include expanding DEX market share and upcoming protocol enhancements. Major risks include crypto market volatility, regulatory uncertainty in Indonesia, and potential liquidity fluctuations during market stress.
RAY is trading at Rp11,527 with a market cap of Rp3.05 trillion, showing neutral technical signals amid bearish moving averages. Recent news highlights include surpassing Rp1 quadrillion in trading volume after listings on Robinhood and Revolut, and enabling tokenized SpaceX stock trading on Solana, boosting ecosystem utility.
Outlook is cautiously optimistic due to increased exchange adoption and innovative use cases, but risks include high volatility and regulatory uncertainty. Key opportunities lie in Solana ecosystem growth, while major risks involve market manipulation and liquidity fluctuations.
What Pluang investors did over the last 30 days
Latest headlines on both assets
PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming, and earning fees in return. Whereas, CAKE is a PancakeSwap token which main function is to incentivize the liquidity provision to the PancakeSwap platform.
Read more on CAKE →Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks.
Read more on RAY →