BENQI vs Raydium — how do they compare? BENQI trades at Rp23.47 (market cap Rp168,84M, Rp9,05M 24h volume), while Raydium trades at Rp11,213 (market cap Rp3T, Rp110,62M 24h volume). The key difference: Raydium is far larger — about 17768.3× BENQI's market cap, and BENQI's circulating supply is 7,2B / 7,2B QI (100%) versus 269,5M / 555M RAY (49%) for Raydium. Which is the better fit depends on your goals — on Pluang, investors hold BENQI for 48 Days and Raydium for 25 Days on average.
| QI | RAY | |
|---|---|---|
Market Cap | Rp168,84M | Rp3T |
Volume (24h) | Rp9,05M | Rp110,62M |
Circulating Supply | 7,2B / 7,2B QI (100%) | 269,5M / 555M RAY (49%) |
Typical Hold Time | 48 Days | 25 Days |
What Pluang investors did over the last 30 days
BENQI is a decentralized non-custodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network. The lending protocol allows users to lend, borrow, or earn interest using their digital assets. The Liquid Staking protocol provides a solution for capital efficiency, offering users the opportunity to unlock their “staked” AVAX to be used on Decentralized Financial protocols.
Read more on QI →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 →