Midnight vs Raydium — how do they compare? Midnight trades at Rp313.08 (market cap Rp5,2T, Rp287,31M 24h volume), while Raydium trades at Rp11,213 (market cap Rp3T, Rp110,32M 24h volume). The key difference: Midnight is the larger of the two by market cap, and Midnight's circulating supply is 16,6B / 24B NIGHT (70%) versus 269,5M / 555M RAY (49%) for Raydium. Which is the better fit depends on your goals — on Pluang, investors hold Midnight for 8 Days and Raydium for 25 Days on average.
| NIGHT | RAY | |
|---|---|---|
Market Cap | Rp5,2T | Rp3T |
Volume (24h) | Rp287,31M | Rp110,32M |
Circulating Supply | 16,6B / 24B NIGHT (70%) | 269,5M / 555M RAY (49%) |
Typical Hold Time | 8 Days | 25 Days |
What Pluang investors did over the last 30 days
Latest headlines on both assets
Midnight is a next-generation blockchain developed by Charles Hoskinson, co-founder of Ethereum and founder of Cardano. It uses zero-knowledge proofs to enable applications that protect user, commercial, and transaction data without sacrificing utility. Midnight introduces a public–private dual-state architecture and a dual-component token model designed to balance privacy, selective disclosure, and on-chain functionality.
Read more on NIGHT →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 →