Raydium vs Project X

πŸ‘‘ Overall Winner
Raydium

Raydium

Dexs

Solana-native CLMM DEX combining concentrated liquidity with order-routing and an integrated DeFi app suite.

Project X

Project X

Dexs

Hyperliquid L1 DEX prioritizing distribution and UX, with $105M 24h volume and $43.3M TVL.

Metric Raydium Project X
Volume (24h) $135.2M πŸ† $28.4M
Volume (7d) $1.22B $366.6M
Volume (30d) $7.56B $2.41B
TVL $957.7M πŸ† $41.1M
Supported Chains 1 1
Fees (24h) $188K πŸ† $27K
Fees (7d) $1.3M $294K
Fees (30d) $6.8M $1.8M
Revenue (24h) $25K $4K
Revenue (30d) $983K $262K
Market Cap $171.2M N/A
FDV N/A N/A
Trading Pairs 1,546 πŸ† 34
Supported Coins 355 38
Year Established 2022 2025
Audit Status Not Audited Not Audited
πŸ† Raydium leads 4:0

Raydium β€” Supported Chains (1)

Solana

Project X β€” Supported Chains (1)

Hyperliquid L1

πŸ“ˆ Historical Trends

Left axis = Raydium (purple), Right axis = Project X (green) β€” independent scales

TVL (Total Value Locked)

Total USD value of assets deposited, representing user trust and liquidity depth.

Daily Trading Volume

Total trading volume over 24 hours, indicating platform activity and market-maker opportunities.

Daily Fees

Total trading fees paid by users, representing the gross value created for Liquidity Providers (LPs).

Daily Revenue

The portion of fees distributed to token holders or the protocol treasury, showing actual protocol profitability.

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