Raydium vs Spell Token — how do they compare? Raydium trades at Rp11,213 (market cap Rp3,01T, Rp111,49M 24h volume), while Spell Token trades at Rp1.4 (market cap Rp272,8M, Rp15,89M 24h volume). The key difference: Raydium is far larger — about 11033.7× Spell Token's market cap, and Raydium's supply is capped (269,5M / 555M RAY (49%)) while Spell Token's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Raydium for 25 Days and Spell Token for 44 Days on average.
| RAY | SPELL | |
|---|---|---|
Market Cap | Rp3,01T | Rp272,8M |
Volume (24h) | Rp111,49M | Rp15,89M |
Circulating Supply | 269,5M / 555M RAY (49%) | 195,2B SPELL |
Typical Hold Time | 25 Days | 44 Days |
What Pluang investors did over the last 30 days
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 →Spell Token is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). SPELL token can be farmed by providing liquidity in one of the different pools. SPELL can also be staked, and staked tokens accrue a share of the platform fees (interest, borrowing fees, and 10% of the liquidation fee for certain markets), which auto-compound.
Read more on SPELL →