đ¨ Is Raydium the Most Undervalued Gem in the Market?
Solanaâs DeFi ecosystem has been thriving, and Raydium is emerging as a top contender. But despite its stellar performance, Raydium trades at a massive discount compared to Uniswap.
Letâs break down the numbers and uncover whether Raydium is one of the most undervalued gem in the market.
1ď¸âŁ Volume Comparison: Raydium Holds Its Ground
In the last 30 days:
⢠Raydium Volume: $84.37B
⢠Uniswap Volume: $95.91B
Raydium processed 88% of Uniswapâs trading volume, underpinning its growing significance in the DeFi space.
2ď¸âŁFees Generated: Raydium Outpaces Uniswap
Last 30 days:
⢠Raydium Fees: $186M
⢠Uniswap Fees: $110M
Raydium generated 69% more fees than Uniswap, signaling robust activity on the platform.
3ď¸âŁ Active Users: More Wallets, More Action
Daily wallet interactions:
⢠Raydium: 7x more wallets interacting with its smart contracts compared to Uniswap.
âĄď¸The Valuation Gap: A Discount Too Big to Ignore
Market Cap:
⢠Uniswap: $8.6B
⢠Raydium: $1.4B
Raydium is priced at an 84% discount to Uniswap, despite its impressive performance metrics.
If Raydium had Uniswapâs market cap, the token price would rise 6x to $29.
đ Summary: The Undervalued Opportunity
⢠Volume: Raydium processes 88% of Uniswapâs volume.
⢠Fees: Raydium generates 69% more fees than Uniswap.
⢠Users: 7x more wallets interact with Raydiumâs smart contracts daily.
⢠Market Cap: Raydium is priced at an 84% discount to Uniswap.
If Solanaâs DeFi ecosystem continues its rise and Raydium sustains its performance, this could be one of the biggest opportunities in the DEX spaceâwith a potential 6x upside.