Immutable vs Raydium — how do they compare? Immutable trades at Rp1,950 (market cap Rp3,91T, Rp122,35M 24h volume), while Raydium trades at Rp11,213 (market cap Rp3T, Rp110,62M 24h volume). The key difference: Immutable is the larger of the two by market cap, and Immutable's circulating supply is 2B / 2B IMX (100%) versus 269,5M / 555M RAY (49%) for Raydium. Which is the better fit depends on your goals — on Pluang, investors hold Immutable for 48 Days and Raydium for 25 Days on average.
| IMX | RAY | |
|---|---|---|
Market Cap | Rp3,91T | Rp3T |
Volume (24h) | Rp122,35M | Rp110,62M |
Circulating Supply | 2B / 2B IMX (100%) | 269,5M / 555M RAY (49%) |
Typical Hold Time | 48 Days | 25 Days |
What Pluang investors did over the last 30 days
Immutable X is the first layer-two scaling solution for NFTs on Ethereum. IMX is the protocol's native ERC-20 utility token. The token’s three core use cases are fees, staking, and governance. 20% of the protocol’s fees must be paid in IMX, and users can stake IMX to receive a proportional share of the network’s fees.
Read more on IMX →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 →