Raydium vs Thena — how do they compare? Raydium trades at Rp11,213 (market cap Rp3,01T, Rp110,9M 24h volume), while Thena trades at Rp1,036 (market cap Rp137,89M, Rp69,09M 24h volume). The key difference: Raydium is far larger — about 21829× Thena's market cap, and Raydium's circulating supply is 269,5M / 555M RAY (49%) versus 133,3M / 326,1M THE (41%) for Thena. Which is the better fit depends on your goals — on Pluang, investors hold Raydium for 25 Days and Thena for 61 Days on average.
| RAY | THE | |
|---|---|---|
Market Cap | Rp3,01T | Rp137,89M |
Volume (24h) | Rp110,9M | Rp69,09M |
Circulating Supply | 269,5M / 555M RAY (49%) | 133,3M / 326,1M THE (41%) |
Typical Hold Time | 25 Days | 61 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 →Thena is a decentralized exchange (DEX) that operates on the BNB Chain. It offers an extensive platform for decentralized finance (DeFi) activities. Thena is designed to facilitate spot and perpetual trading across a diversified range of assets, fulfilling the needs of various participants in the DeFi ecosystem.
Read more on THE →