Raydium vs Spark — how do they compare? Raydium trades at Rp11,162 (market cap Rp2,98T, Rp111,32M 24h volume), while Spark trades at Rp251.67 (market cap Rp766,96M, Rp79,89M 24h volume). The key difference: Raydium is far larger — about 3885.5× Spark's market cap, and Raydium's circulating supply is 269,5M / 555M RAY (49%) versus 3,1B / 10B SPK (31%) for Spark. Which is the better fit depends on your goals — on Pluang, investors hold Raydium for 25 Days and Spark for 13 Days on average.
| RAY | SPK | |
|---|---|---|
Market Cap | Rp2,98T | Rp766,96M |
Volume (24h) | Rp111,32M | Rp79,89M |
Circulating Supply | 269,5M / 555M RAY (49%) | 3,1B / 10B SPK (31%) |
Typical Hold Time | 25 Days | 13 Days |
Signals from Pluang's Aura AI — not financial advice
RAY is currently trading at Rp11,213 with a market cap of Rp3 trillion, showing bearish technical signals with moving averages indicating selling pressure while oscillators remain neutral. The token has achieved significant milestones including surpassing Rp1 quadrillion in trading volume following major exchange listings on Robinhood and Revolut. Recent protocol developments include enabling 24/7 tokenized stock trading for the SpaceX IPO on Solana, expanding RAY's utility as a liquidity protocol.
Overall outlook remains cautious due to bearish technical indicators, though recent exchange listings and protocol innovations present growth opportunities. Key risks include high volatility near resistance levels and regulatory uncertainty around tokenized securities. Investors should monitor RSI levels and trading volume patterns for entry signals.
Spark (SPK) is trading at Rp251.306 with a market cap of Rp768.22M, showing bearish technical signals despite some bullish oscillators. The token has 31% circulating supply with an average hold time of 13 days. Current price sits near the pivot point of Rp253, indicating potential directional movement. No recent protocol updates or ecosystem developments were identified.
Overall outlook remains cautious with mixed signals - oscillators suggest potential upside but moving averages and overall trend are bearish. Key opportunities include oversold RSI conditions, while risks include low liquidity and limited network activity. Investors should monitor support at Rp244 and resistance at Rp258 for breakout signals.
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 →Spark is an on-chain capital allocator that has deployed $3.86 billion across decentralized finance (DeFi), centralized finance (CeFi), and real-world assets (RWA). It enhances capital efficiency on a large scale by automatically adjusting allocations based on market conditions while maintaining a conservative risk profile. Spark tackles inefficiencies in DeFi, such as fragmented liquidity, unstable yields, and idle stablecoin capital. It provides deep, consistent liquidity and offers programmable, fee-free income through products like sUSDS and sUSDC.
Read more on SPK →