HostJUPUSD vs RAY — price, size and safety, side by side
JUPUSD (Solana) vs RAY (Solana) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-27 / 2026-09-27.
JUPUSD vs RAY — normalized performance, 2026-09-08 to 2026-09-27T15:10:18
| JUPUSD | RAY | |
|---|---|---|
| Price | $0.9996 | $2.17 |
| Market cap | $43.99M | $538.82M |
| 24h volume | $17.97M | $17.26M |
| Liquidity | $19.72M | $19.53M |
| FDV | $43.99M | $1.11B |
| Holders | 12,380 | 265,730 |
| Safety grade | A | A |
Where they differ
- RAY measures ~12× the market cap of JUPUSD
- RAY measures ~21× the holder count of JUPUSD
- over the shared window JUPUSD moved −0.01% while RAY moved +102%
What the data says
JUPUSD
JupUSD is Jupiter's own dollar — the stablecoin the Solana DEX aggregator issued (with Ethena's infrastructure behind it) to give its venue a native settlement asset rather than renting someone else's. The mint JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD is the Solana deployment; our September 26, 2026 snapshot reads $19.7 million of tracked pool liquidity and grades it A.
The honest framing: a venue-issued stablecoin's distribution is the venue — JupUSD's depth is guaranteed wherever Jupiter routes, and its incentive is adoption across the same pools this index measures. The risk shape is two-part: the Ethena-style reserve mechanics underneath plus Jupiter's operational role on top; neither is a fiat attestation, and an A grade here is a contract-state verdict, not a balance-sheet one.
RAY
RAY predates almost everything else on this site. Raydium launched in February 2021 as one of Solana's first serious AMMs, survived the 2022 collapse that took down much of the ecosystem around it, and then caught the largest tailwind in Solana's history: for a long stretch of the memecoin era, graduating pump.fun tokens landed their liquidity on Raydium, making it the venue where the frenzy actually settled. The token at mint 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R carries roughly $538.8 million of market capitalization and 265,730 holders as of the September 26, 2026 snapshot.
Structure first, as always: mint authority revoked, freeze authority revoked. After more than five years on-chain, the supply mechanics hold no surprises — what circulates is what exists, and no authority can lock a holder out of exiting. Tracked on-chain liquidity reads about $19.5 million in this snapshot, healthy in absolute terms and, fittingly for a DEX's own token, much of it sitting in Raydium's own pools.
FAQ
Which is bigger, JUPUSD or RAY?
By tracked market cap: JUPUSD (Solana) measures $43.99M and RAY (Solana) measures $538.82M — dated snapshots, not a live feed.
Which is safer, JUPUSD or RAY?
On the contract checks we publish: JUPUSD (Solana) grades A and RAY (Solana) grades A. A grade is a structural check on the contract, not a promise about the asset.
How have JUPUSD and RAY performed over the shared window?
Between 2026-09-08 and 2026-09-27T15:10:18, the measured snapshots show JUPUSD at −0.01% and RAY at +102%.
More comparisons
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The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-08→2026-09-27T15:10:18; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.