CoW Protocol vs Raydium — how do they compare? CoW Protocol trades at Rp1,782 (market cap Rp1,02T, Rp38,75M 24h volume), while Raydium trades at Rp11,091 (market cap Rp2,98T, Rp116,63M 24h volume). The key difference: Raydium is far larger — about 2.9× CoW Protocol's market cap, and CoW Protocol's circulating supply is 575,5M / 1B COW (58%) versus 269,5M / 555M RAY (49%) for Raydium. Which is the better fit depends on your goals — on Pluang, investors hold CoW Protocol for 21 Days and Raydium for 25 Days on average.
| COW | RAY | |
|---|---|---|
Market Cap | Rp1,02T | Rp2,98T |
Volume (24h) | Rp38,75M | Rp116,63M |
Circulating Supply | 575,5M / 1B COW (58%) | 269,5M / 555M RAY (49%) |
Typical Hold Time | 21 Days | 25 Days |
Signals from Pluang's Aura AI — not financial advice
CoW Protocol (COW) is currently trading at Rp1,801 with a market cap of Rp1.04T, showing bearish technical signals overall despite some bullish oscillators. The token has a circulating supply of 575.6 million COW (58% of max supply) with an average hold time of 21 days. Current technical indicators show mixed signals with RSI levels suggesting potential oversold conditions while ADX indicates strong bearish momentum.
Overall outlook remains cautious with key support at Rp1,719 and resistance at Rp1,847. Major risks include geopolitical tensions affecting crypto markets and the token's relatively low circulation rate. Opportunities exist if oversold RSI conditions lead to a technical bounce, but investors should monitor exchange liquidity and broader market sentiment closely.
RAY is currently trading at Rp11,213 with a market cap of Rp3 trillion, showing bearish technical signals with moving averages indicating selling pressure while oscillators remain neutral. The token has achieved significant milestones including surpassing Rp1 quadrillion in trading volume following major exchange listings on Robinhood and Revolut. Recent protocol developments include enabling 24/7 tokenized stock trading for the SpaceX IPO on Solana, expanding RAY's utility as a liquidity protocol.
Overall outlook remains cautious due to bearish technical indicators, though recent exchange listings and protocol innovations present growth opportunities. Key risks include high volatility near resistance levels and regulatory uncertainty around tokenized securities. Investors should monitor RSI levels and trading volume patterns for entry signals.
What Pluang investors did over the last 30 days
CoW Protocol is an innovative decentralized finance (DeFi) platform operating on the Ethereum Mainnet. It aims to optimize trading outcomes for its users through a unique combination of strategies. At its core, the protocol employs batch auction mechanisms alongside peer-to-peer trades to secure the best possible trade prices. Additionally, it utilizes a fully permissionless structure, enabling seamless and inclusive participation for all users.
Read more on COW →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 →