Raydium vs Scallop — how do they compare? Raydium trades at Rp11,213 (market cap Rp3,01T, Rp123,11M 24h volume), while Scallop trades at Rp119.79 (market cap Rp24,21M, Rp19,2M 24h volume). The key difference: Raydium is far larger — about 124328.8× Scallop's market cap, and Raydium's circulating supply is 269,5M / 555M RAY (49%) versus 160,8M / 250M SCA (65%) for Scallop. Which is the better fit depends on your goals — on Pluang, investors hold Raydium for 25 Days and Scallop for 14 Days on average.
| RAY | SCA | |
|---|---|---|
Market Cap | Rp3,01T | Rp24,21M |
Volume (24h) | Rp123,11M | Rp19,2M |
Circulating Supply | 269,5M / 555M RAY (49%) | 160,8M / 250M SCA (65%) |
Typical Hold Time | 25 Days | 14 Days |
Signals from Pluang's Aura AI — not financial advice
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.
Scallop (SCA) shows limited market activity with a modest market cap of Rp24,21M and 65% circulating supply. The token exhibits low trading volume and minimal price discovery, trading near recent lows with limited technical momentum. Recent ETF mentions suggest institutional interest in crypto exposure vehicles, though direct protocol updates are scarce. The 14-day average hold time indicates moderate investor patience amid thin liquidity conditions.
Outlook remains cautious due to extremely low liquidity and market cap. Key opportunity lies in potential exchange listings boosting visibility. Major risks include high volatility from low float, regulatory uncertainty for Indonesian crypto assets, and vulnerability to market manipulation given thin order books.
What Pluang investors did over the last 30 days
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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 →Scallop is an advanced decentralized finance (DeFi) protocol built on the Sui blockchain. It offers a wide range of financial services, including lending, borrowing, automated market making (AMM), and asset management. Developed by Scallop Labs, which has a team of experts in DeFi, cybersecurity, and fintech, Scallop has attracted support from notable investors such as CMS Holdings, 6th Man Ventures, KuCoin Labs, and Mysten Labs. Additionally, it is the first DeFi project to receive an official grant from the Sui Foundation, highlighting its institutional-grade quality and strong security features.
Read more on SCA →