Raydium

RAYDeFi protocolno audit on record

scored from the board run of 2026-10-08. raydium. Run a live analysis

🏷️ Cash-flow app, judged on fees, revenue, TVL, and value accrual.

41.6/100

C (watchlist)

coverage 60%, high confidence, 100% tier-stable, rank #32/67

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Compare with other tokens

Gate flags: no_audit. These capped or zeroed the score (see the gate table below).

⚠ real yield 3.3% below 4.5% treasury hurdle

Price

$2.05

Market cap

$552.74M

FDV

$1.14B

24h volume

$57.33M

24h change

+4.2%

From ATH

-88%

Circulating

269.86M

Total supply

555.00M

Price

Domain scores

0 to 100. Each domain is the mean of its scored features' percentiles against this asset class's reference basket; the working is tabled below.

fundamental

54.7

tokenomics

24.3

social

45.9

Cross-chain & resources

Present on 0 chain(s).

Links

🦎 CoinGecko

Data sources

What each source supplied for this token, with a link to its own page so every figure below can be checked at the source.

coingeckook

price, market cap, supply, volume, community up-votes, watchlists, repo links

defillamaok

fees, revenue, holders revenue, TVL, audit record (protocol, or chain for an L1)

santimentempty

daily active addresses (90-day trend, 30-day means) and dev-activity level (events/day over 90 days)

githubokraydium-io

most recent push across the project's accounts (dead-token gate)

ethploreroff

top-10 holder shares (Ethereum ERC-20s only)

sourcifyoff

contract source verification

cryptorankoff

vesting schedule / unlock overhang (Pro plan)

Key

ok: returned data for this token; it is in the score

empty: reachable, but has nothing on this token (not tracked there); scored without it

error: the request failed this run (rate limit or outage); scored without it and retried next refresh

off: not queried: no identifier for this token, or the source needs a key or plan we do not have

stale: the source failed this run; the last stored values were carried forward (dated in the advisory) so the score does not move on an outage

How the score is built

DeFi protocol. Each feature is computed from the raw figures shown, then ranked as a percentile (0 to 100) against the defi reference basket; features average within a domain; domains are weighted, with the weights renormalized over the domains that have data (a domain the class is defined by is floored, not skipped, when it has none); any gate that trips caps the result. Points are percentile times weight; they add up to the raw score.

FundamentalsValuation and cash flow: is it cheap relative to real economic activity?

weight 30%, 46% of what is present, 4/4 features, domain score 54.7

P/F
lower is better, defillama
pct 56 vs 25
11.5% weight, +6.5
Market cap: $552.74M
Fees (total1y): $157.59M
$552.74M ÷ $157.59M = 3.51x
P/S
lower is better, defillama
pct 55 vs 23
11.5% weight, +6.3
Market cap: $552.74M
Revenue (total1y): $25.03M
$552.74M ÷ $25.03M = 22.08x
MC / TVL
lower is better, defillama
pct 64 vs 26
11.5% weight, +7.4
Market cap: $552.74M
TVL: $1.35B
$552.74M ÷ $1.35B = 0.41x
Real yield
higher is better, defillama
pct 44 vs 18
11.5% weight, +5.0
Holders revenue (total1y): $18.32M
Market cap: $552.74M
$18.32M ÷ $552.74M = 3.3%

Feature	Raw figures	Calculation	Percentile	Weight	Points
P/F lower is better, defillama	Market cap: $552.74M Fees (total1y): $157.59M	$552.74M ÷ $157.59M = 3.51x	56 vs 25 peers	11.5%	+6.5
P/S lower is better, defillama	Market cap: $552.74M Revenue (total1y): $25.03M	$552.74M ÷ $25.03M = 22.08x	55 vs 23 peers	11.5%	+6.3
MC / TVL lower is better, defillama	Market cap: $552.74M TVL: $1.35B	$552.74M ÷ $1.35B = 0.41x	64 vs 26 peers	11.5%	+7.4
Real yield higher is better, defillama	Holders revenue (total1y): $18.32M Market cap: $552.74M	$18.32M ÷ $552.74M = 3.3%	44 vs 18 peers	11.5%	+5.0

TokenomicsSupply structure: dilution, unlocks, float, and value accrual to holders.

weight 25%, 38% of what is present, 3/5 features, domain score 24.3

FDV / MCAP
lower is better, coingecko
pct 4 vs 26
12.8% weight, +0.5
Total supply: 555.00M
Circulating supply: 269.86M
555.00M ÷ 269.86M = 2.06x
Unlock overhang
lower is better, cryptorank
not scored
vesting data needs a CryptoRank Pro plan
Unlock / volume
lower is better, cryptorank
not scored
next-unlock value needs CryptoRank Pro or DefiLlama Pro
Float
higher is better, coingecko
pct 4 vs 26
12.8% weight, +0.5
Circulating supply: 269.86M
Total supply: 555.00M
269.86M ÷ 555.00M = 48.6%
Token sink
higher is better, defillama
pct 65 vs 21
12.8% weight, +8.3
Holders revenue (total1y): $18.32M
Revenue (total1y): $25.03M
$18.32M ÷ $25.03M = 73.2%

Feature	Raw figures	Calculation	Percentile	Weight	Points
FDV / MCAP lower is better, coingecko	Total supply: 555.00M Circulating supply: 269.86M	555.00M ÷ 269.86M = 2.06x	4 vs 26 peers	12.8%	+0.5
Unlock overhang lower is better, cryptorank	n/a	vesting data needs a CryptoRank Pro plan	n/a	n/a	n/a
Unlock / volume lower is better, cryptorank	n/a	next-unlock value needs CryptoRank Pro or DefiLlama Pro	n/a	n/a	n/a
Float higher is better, coingecko	Circulating supply: 269.86M Total supply: 555.00M	269.86M ÷ 555.00M = 48.6%	4 vs 26 peers	12.8%	+0.5
Token sink higher is better, defillama	Holders revenue (total1y): $18.32M Revenue (total1y): $25.03M	$18.32M ÷ $25.03M = 73.2%	65 vs 21 peers	12.8%	+8.3

On-chainUsage and distribution: active-address growth and holder concentration.

weight 20%, 0/2 features, domain score n/a(no data, weight redistributed)

Top-10 holders
lower is better, ethplorer
not scored
ethplorer feed off: no identifier for this token
Active-address growth
higher is better, santiment
not scored
Daily active addresses, first 30-day mean: 0
Daily active addresses, last 30-day mean: 0
window: 90
(0 − 0) ÷ 0 = n/a

Feature	Raw figures	Calculation	Percentile	Weight	Points
Top-10 holders lower is better, ethplorer	n/a	ethplorer feed off: no identifier for this token	n/a	n/a	n/a
Active-address growth higher is better, santiment	Daily active addresses, first 30-day mean: 0 Daily active addresses, last 30-day mean: 0 window: 90	(0 − 0) ÷ 0 = n/a	n/a	n/a	n/a

SocialAttention: is social interest rising ahead of price?

weight 10%, 15% of what is present, 2/3 features, domain score 45.9

Social trend
higher is better, santiment
not scored
Santiment social volume needs DYOR_SANTIMENT_API_KEY
Sentiment
higher is better, coingecko
pct 28 vs 20
7.7% weight, +2.1
Community up-votes: 63.6%
63.6% ÷ 100 = 63.6%
Watchlists
higher is better, coingecko
pct 64 vs 26
7.7% weight, +4.9
CoinGecko watchlists: 101.80K
101.80K = 101.80K

Feature	Raw figures	Calculation	Percentile	Weight	Points
Social trend higher is better, santiment	n/a	Santiment social volume needs DYOR_SANTIMENT_API_KEY	n/a	n/a	n/a
Sentiment higher is better, coingecko	Community up-votes: 63.6%	63.6% ÷ 100 = 63.6%	28 vs 20 peers	7.7%	+2.1
Watchlists higher is better, coingecko	CoinGecko watchlists: 101.80K	101.80K = 101.80K	64 vs 26 peers	7.7%	+4.9

DevelopersBuilder activity: is the team still shipping, especially in a downturn?

weight 15%, 0/1 features, domain score n/a(no data, weight redistributed)

Dev activity
higher is better, santiment
not scored
santiment has no data for this token

Feature	Raw figures	Calculation	Percentile	Weight	Points
Dev activity higher is better, santiment	n/a	santiment has no data for this token	n/a	n/a	n/a

Composite

Domain	Weight	Renormalized	Domain score	Points
Fundamentals(required)	30%	46.2%	54.7	+25.2
Tokenomics	25%	38.5%	24.3	+9.3
On-chain	20%	n/a	no data	n/a
Social	10%	15.4%	45.9	+7.1
Developers	15%	n/a	no data	n/a
Raw score = Σ points				41.6

Gate: hard disqualifiers

Each rule is checked against the figures shown; missing data never trips a rule. The strictest tripped rule sets the ceiling.

unverified_contractinactive
Contract verified (Sourcify): n/a, trips when False
If tripped: zeroes the score
anonymous_teaminactive
Team anonymous: n/a, trips when True
If tripped: caps the score at 40
no_audittripped
Audit on record (DefiLlama): no, trips when False
If tripped: caps the score at 50
extreme_fdv_mcappass
FDV / MCAP: 2.06x, trips above 10x
If tripped: caps the score at 40
dead_tokenpass
Days since last GitHub push (raydium-io): 1, trips at 180 days or more
Santiment dev events in window: n/a, > 0 overrules a stale GitHub org
24h volume: $57.33M, trips below $1,000
If tripped: zeroes the score

Ceiling 50.0, so the final score is min(41.6, 50.0) = 41.6

Rule	Evidence	If tripped	Result
unverified_contract	Contract verified (Sourcify): n/a, trips when False	zeroes the score	inactive
anonymous_team	Team anonymous: n/a, trips when True	caps the score at 40	inactive
no_audit	Audit on record (DefiLlama): no, trips when False	caps the score at 50	tripped
extreme_fdv_mcap	FDV / MCAP: 2.06x, trips above 10x	caps the score at 40	pass
dead_token	Days since last GitHub push (raydium-io): 1, trips at 180 days or more Santiment dev events in window: n/a, > 0 overrules a stale GitHub org 24h volume: $57.33M, trips below $1,000	zeroes the score	pass
Ceiling 50.0, so the final score is min(41.6, 50.0)			41.6

Tier

A (high conviction) 80+B (qualified) 60+C (watchlist) 40+D (avoid) 0+

41.6 maps to C (watchlist). 100% of plus or minus 20% weight perturbations keep this tier. Coverage 9/15 of this class's features (60%). high confidence.

Peer comparison

pancakeswap-token

63.6

B (qualified)

benqi

62.4

B (qualified)

uniswap

60.2

B (qualified)

stargate-finance

59.9

C (watchlist)

gmx

59.2

C (watchlist)

curve-dao-token

58.0

C (watchlist)

aave

57.2

C (watchlist)

sky

56.7

C (watchlist)

sushi

55.6

C (watchlist)

yearn-finance

55.2

C (watchlist)

rocket-pool

55.0

C (watchlist)

jito-governance-token

53.8

C (watchlist)

In one paragraph

Raydium (RAY), DeFi protocol: score 41.6/100, tier C (watchlist), rank #32 of 67 same-class peers. Domains, 0 to 100, with each one's weight in this class's composite: fundamentals 54.7/100 (weight 30%), tokenomics 24.3/100 (weight 25%), on-chain no data (its 20% weight redistributed), social 45.9/100 (weight 10%), developers no data (its 15% weight redistributed). Data coverage 9/15 features (60%), confidence high, 100% tier-stable. Gate flags: no_audit. Advisories: real yield 3.3% below 4.5% treasury hurdle. All figures are already on a 0 to 100 scale; do not rescale.

About this page

This is Raydium's permanent DYOR page, scored from the board run of 2026-10-08 against 66 other DeFi protocol tokens. Scores are 0 to 100; the tier maps A at 80 or above, B at 60, C at 40, D below. Every figure above shows its raw inputs, formula, percentile and weight; see the methodology for how the classes, gates and weights work. For today's numbers, run a live analysis. Research aid, not financial advice.

Other DeFi protocol tokens on the board: pancakeswap-token (63.6/100), benqi (62.4/100), uniswap (60.2/100), stargate-finance (59.9/100), gmx (59.2/100), curve-dao-token (58/100), aave (57.2/100), sky (56.7/100). All scored tokens