IKA vs Raydium — how do they compare? IKA trades at Rp46.72 (market cap Rp139,74M, Rp4,9M 24h volume), while Raydium trades at Rp11,213 (market cap Rp3,01T, Rp110,9M 24h volume). The key difference: Raydium is far larger — about 21540× IKA's market cap, and Raydium's supply is capped (269,5M / 555M RAY (49%)) while IKA's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold IKA for 3 Days and Raydium for 25 Days on average.
| IKA | RAY | |
|---|---|---|
Market Cap | Rp139,74M | Rp3,01T |
Volume (24h) | Rp4,9M | Rp110,9M |
Circulating Supply | 3B IKA | 269,5M / 555M RAY (49%) |
Typical Hold Time | 3 Days | 25 Days |
What Pluang investors did over the last 30 days
Ika is a decentralized network enabling secure, native cross-chain interoperability through advanced cryptography. It allows smart contracts to manage assets across multiple blockchains without relying on bridges or wrapped tokens. Using 2PC-MPC cryptography, Ika provides zero-trust asset control across chains like Bitcoin and Ethereum. Its dWallet primitive enables programmable, consent-based signing, and it is built on Sui for high-speed, scalable transactions.
Read more on IKA →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 →