IDEX vs Raydium — how do they compare? IDEX trades at Rp33.85 (market cap Rp74,11M, Rp36,08M 24h volume), while Raydium trades at Rp11,213 (market cap Rp3,02T, Rp124,21M 24h volume). The key difference: Raydium is far larger — about 40750.2× IDEX's market cap, and Raydium's supply is capped (269,5M / 555M RAY (49%)) while IDEX's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold IDEX for 20 Days and Raydium for 25 Days on average.
| IDEX | RAY | |
|---|---|---|
Market Cap | Rp74,11M | Rp3,02T |
Volume (24h) | Rp36,08M | Rp124,21M |
Circulating Supply | 1B IDEX | 269,5M / 555M RAY (49%) |
Typical Hold Time | 20 Days | 25 Days |
Signals from Pluang's Aura AI — not financial advice
IDEX token currently trades with a market cap of Rp74,11M and circulating supply of 1M tokens, indicating relatively low market penetration. The 20-day average hold time suggests moderate investor conviction. Recent trading activity shows limited volume, with the token operating in a narrow range. No significant protocol upgrades or ecosystem developments have been reported recently, keeping the project in a consolidation phase.
Overall outlook remains cautious with limited near-term catalysts. Key opportunity lies in potential ecosystem expansion, while major risks include low liquidity, regulatory uncertainty, and competition from more established DeFi protocols. Investors should monitor for meaningful protocol updates or exchange listings that could drive adoption.
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
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IDEX describes itself as the first hybrid liquidity DEX, merging an order book model with an automated market maker (AMM). It combines the speed and functionality of traditional order books with the security and liquidity of AMMs. By integrating an off-chain trading engine with on-chain trade settlement, IDEX offers a unique approach to decentralized exchanges.
Read more on IDEX →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 →