HostPAXG vs RAY — price, size and safety, side by side
PAXG (Ethereum) 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.
PAXG vs RAY — normalized performance, 2026-09-08 to 2026-09-27T15:10:18
| PAXG | RAY | |
|---|---|---|
| Price | $4.28K | $2.17 |
| Market cap | $1.86B | $538.82M |
| 24h volume | $1.17M | $17.26M |
| Liquidity | $20.43M | $19.53M |
| FDV | $1.85B | $1.11B |
| Holders | 88,116 | 265,730 |
| Age (days) | 334 | — |
| Safety grade | B | A |
Where they differ
- PAXG measures ~3.5× the market cap of RAY
- RAY measures ~15× the 24h volume of PAXG
- RAY measures ~3.0× the holder count of PAXG
- over the shared window PAXG moved −2.96% while RAY moved +102%
What the data says
PAXG
PAXG is Paxos's tokenized gold — each token a claim on one fine troy ounce held in LBMA vaults in London, making it the most direct on-chain gold exposure in this index. The deployment 0x45804880de22913dafe09f4980848ece6ecbaf78 is the canonical mint; our September 27, 2026 snapshot reads $20.4 million of tracked pool liquidity.
The honest frame is the custodial one: a PAXG is only as good as Paxos's vault attestations and redemption rails — Paxos is a NYDFS-regulated trust, which puts this in the "institutional-grade claim" bucket alongside USDC rather than the commodity-fantasy bucket — but it is still a claim, and redemption has minimums most wallets will never meet. The token tracks spot gold minus the custody premium; what it cannot track is the deep liquidity of actual gold markets.
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, PAXG or RAY?
By tracked market cap: PAXG (Ethereum) measures $1.86B and RAY (Solana) measures $538.82M — dated snapshots, not a live feed.
Which is safer, PAXG or RAY?
On the contract checks we publish: PAXG (Ethereum) grades B and RAY (Solana) grades A. A grade is a structural check on the contract, not a promise about the asset.
How have PAXG and RAY performed over the shared window?
Between 2026-09-08 and 2026-09-27T15:10:18, the measured snapshots show PAXG at −2.96% and RAY at +102%.
More comparisons
OLD SLERF vs PAXGPAXG vs USDMPAXG vs JUPUSDVVV vs PAXGJUPUSD vs RAYRAY vs KBTCUSDM vs RAYRAY vs BOME
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.