Compare Raydium (RAY) vs Ethena Labs (USDTB) (USDTB) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Raydium vs Ethena Labs (USDTB) — how do they compare? Raydium trades at Rp11,091 (market cap Rp2,95T, Rp114,09M 24h volume), while Ethena Labs (USDTB) trades at Rp17,825 (market cap Rp6,37T, Rp46,21M 24h volume). The key difference: Ethena Labs (USDTB) is far larger — about 2.2× Raydium's market cap, and Raydium's supply is capped (269,5M / 555M RAY (49%)) while Ethena Labs (USDTB)'s keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Raydium for 25 Days and Ethena Labs (USDTB) for 26 Days on average.
| RAY | USDTB | |
|---|---|---|
Market Cap | Rp2,95T | Rp6,37T |
Volume (24h) | Rp114,09M | Rp46,21M |
Circulating Supply | 269,5M / 555M RAY (49%) | 358M USDTB |
Typical Hold Time | 25 Days | 26 Days |
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Aura AI Summary
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.
USDTB is currently trading at Rp17,847 with a bearish technical signal, showing mixed momentum as moving averages indicate bullish sentiment while oscillators remain neutral. The asset maintains a substantial market cap of Rp6.39T with strong support levels at Rp17,823-17,854. Recent on-chain data shows an average hold time of 26 days, suggesting moderate holding patterns among investors.
Overall outlook remains cautious with key opportunities in potential bounce from support levels, though major risks include the bearish technical structure and limited fundamental developments. Investors should monitor volume patterns and regulatory developments in the Indonesian crypto market for directional cues.
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
About Raydium
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 →About Ethena Labs (USDTB)
USDtb is a fiat-backed stablecoin pegged to the US dollar, similar to USDC or USDT, with unrestricted transferability. Backed primarily by BlackRock’s BUIDL (90% of reserves), it holds the highest BUIDL allocation of any stablecoin, enabling unmatched scalability.
Read more on USDTB →
