Raydium vs Waves — how do they compare? Raydium trades at Rp12,568 (market cap Rp3,36T, Rp232,09M 24h volume), while Waves trades at Rp4,633 (market cap Rp612,02M, Rp56,92M 24h volume). The key difference: Raydium is far larger — about 5490× Waves's market cap, and Raydium's supply is capped (269,3M / 555M RAY (49%)) while Waves's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Raydium for 24 Days and Waves for 74 Days on average.
| RAY | WAVES | |
|---|---|---|
Market Cap | Rp3,36T | Rp612,02M |
Volume (24h) | Rp232,09M | Rp56,92M |
Circulating Supply | 269,3M / 555M RAY (49%) | 132,4M WAVES |
Typical Hold Time | 24 Days | 74 Days |
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 →Waves is a versatile blockchain platform that supports decentralized applications (DApps) and smart contracts. Launched in June 2016 after one of the earliest ICOs, Waves aimed to enhance speed, utility, and user-friendliness compared to earlier blockchain platforms. The platform has evolved with various updates and features over time. Its native token, WAVES, has an uncapped supply and is used for payments like block rewards.
Read more on WAVES →