Ethereum Name Service vs Raydium — how do they compare? Ethereum Name Service trades at Rp72,548 (market cap Rp3,05T, Rp116,57M 24h volume), while Raydium trades at Rp11,213 (market cap Rp3,01T, Rp111,49M 24h volume). The key difference: Ethereum Name Service and Raydium are close in size by market cap, and Raydium's supply is capped (269,5M / 555M RAY (49%)) while Ethereum Name Service's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Ethereum Name Service for 31 Days and Raydium for 25 Days on average.
| ENS | RAY | |
|---|---|---|
Market Cap | Rp3,05T | Rp3,01T |
Volume (24h) | Rp116,57M | Rp111,49M |
Circulating Supply | 42M ENS | 269,5M / 555M RAY (49%) |
Typical Hold Time | 31 Days | 25 Days |
What Pluang investors did over the last 30 days
Ethereum Name Service is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS is the governance token used to govern the protocol and influence decisions on pricing its .eth addresses and the price oracle. Token holders can also delegate their tokens to the DAO for voting.
Read more on ENS →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 →