Raydium vs Subsquid — how do they compare? Raydium trades at Rp11,213 (market cap Rp3T, Rp110,32M 24h volume), while Subsquid trades at Rp789.93 (market cap Rp887,08M, Rp73,46M 24h volume). The key difference: Raydium is far larger — about 3381.9× Subsquid's market cap, and Raydium's circulating supply is 269,5M / 555M RAY (49%) versus 1,1B / 1,3B SQD (84%) for Subsquid. Which is the better fit depends on your goals — on Pluang, investors hold Raydium for 25 Days and Subsquid for 8 Days on average.
| RAY | SQD | |
|---|---|---|
Market Cap | Rp3T | Rp887,08M |
Volume (24h) | Rp110,32M | Rp73,46M |
Circulating Supply | 269,5M / 555M RAY (49%) | 1,1B / 1,3B SQD (84%) |
Typical Hold Time | 25 Days | 8 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 →Subsquid Network is a decentralized data lake and query engine designed to provide developers with fast, permissionless access to blockchain data. Its modular architecture, secured by zero-knowledge (ZK) proofs, enables scalable blockchain indexing, decentralized application (dApp) development, and robust analytics. Unlike rigid monolithic indexing frameworks that struggle to adapt in today's rapidly evolving blockchain environment, Subsquid offers a flexible, efficient, and decentralized alternative to centralized RPC and API providers. This approach paves the way for a more open, neutral, and developer-friendly Web3.
Read more on SQD →