GMX vs Raydium — how do they compare? GMX trades at Rp119,703 (market cap Rp1,25T, Rp36,56M 24h volume), while Raydium trades at Rp11,213 (market cap Rp3T, Rp110,32M 24h volume). The key difference: Raydium is far larger — about 2.4× GMX's market cap, and GMX's circulating supply is 10,5M / 13,3M GMX (79%) versus 269,5M / 555M RAY (49%) for Raydium. Which is the better fit depends on your goals — on Pluang, investors hold GMX for 46 Days and Raydium for 25 Days on average.
| GMX | RAY | |
|---|---|---|
Market Cap | Rp1,25T | Rp3T |
Volume (24h) | Rp36,56M | Rp110,32M |
Circulating Supply | 10,5M / 13,3M GMX (79%) | 269,5M / 555M RAY (49%) |
Typical Hold Time | 46 Days | 25 Days |
What Pluang investors did over the last 30 days
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GMX is a decentralized exchange (DEX) for trading perpetual cryptocurrency futures with up to 50X leverage on popular cryptocurrencies like BTC, ETH and more. The platform launched in September 2021 as Gambit Exchange. To date, GMX has a total trading volume of over $130B and 283K total users, making it the leading derivatives DEX on Arbitrum and Avalanche.
Read more on GMX →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 →