LIVE
BTC$84,465.00▲ 2.16%ETH$2,509.13▲ 2.53%USDT$0.9994▲ 0.01%BNB$749.50▲ 1.81%XRP$1.38▲ 4.01%USDC$0.9996▼ 0.02%SOL$108.23▲ 1.72%TRX$0.3329▲ 0.53%FIGR_HELOC$1.03▲ 0.72%ZEC$1,353.37▲ 11.19%HYPE$81.10▲ 1.37%DOGE$0.0831▲ 2.60%XMR$604.55▼ 2.31%USDS$1.00▲ 0.00%WBT$82.69▲ 2.25%LINK$12.66▲ 3.70%ADA$0.2278▲ 2.40%LEO$9.04▲ 0.05%NEAR$5.35▲ 8.44%RAIN$0.009266▲ 4.66%XLM$0.1852▲ 3.02%BCH$287.12▲ 3.21%LTC$61.84▲ 2.95%UNI$7.58▲ 2.42%USDE$0.9998▲ 0.01%DAI$0.9998▼ 0.05%AVAX$9.89▲ 2.55%CC$0.1085▲ 2.28%SUI$1.04▲ 2.91%USD1$0.9992▲ 0.02%BTC$84,465.00▲ 2.16%ETH$2,509.13▲ 2.53%USDT$0.9994▲ 0.01%BNB$749.50▲ 1.81%XRP$1.38▲ 4.01%USDC$0.9996▼ 0.02%SOL$108.23▲ 1.72%TRX$0.3329▲ 0.53%FIGR_HELOC$1.03▲ 0.72%ZEC$1,353.37▲ 11.19%HYPE$81.10▲ 1.37%DOGE$0.0831▲ 2.60%XMR$604.55▼ 2.31%USDS$1.00▲ 0.00%WBT$82.69▲ 2.25%LINK$12.66▲ 3.70%ADA$0.2278▲ 2.40%LEO$9.04▲ 0.05%NEAR$5.35▲ 8.44%RAIN$0.009266▲ 4.66%XLM$0.1852▲ 3.02%BCH$287.12▲ 3.21%LTC$61.84▲ 2.95%UNI$7.58▲ 2.42%USDE$0.9998▲ 0.01%DAI$0.9998▼ 0.05%AVAX$9.89▲ 2.55%CC$0.1085▲ 2.28%SUI$1.04▲ 2.91%USD1$0.9992▲ 0.02%
G.MARKETS/PAIR ANALYSIS·Spiko EU T-Bills Money Market Fund logoEUTBL→Raydium logoRAY· LIVE· as of 17:24 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

EUTBL WOULD BE
$0.00000000
currently $1.19 · target mcap $533.78M
▲ 0.00x TO MATCHEUTBL NEEDS A 1.02x MOVE TO MATCH RAY
REALITY CHECKAt EUTBL's current 24h rate of +0.02%, compounding daily would take ~72 days to reach RAY's market cap.
COIN PROFILES·EUTBL vs RAY
Spiko EU T-Bills Money Market Fund logo
Spiko EU T-Bills Money Market Fund
SOURCE

Spiko EU T-Bills Money Market Fund is a fully-licensed EUR money market fund operating under the EU regulatory framework.

PRICE$1.19
24H CHANGE▲ 0.02%
MARKET CAP$525.54MFDV $525.54M · Fully circulating
RANK#112
SUPPLY440.9M EUTBL
DOMINANCE0.02%
7d▲ 0.86%
VS
Raydium logo
Raydium
TARGET

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).

PRICE$1.98
24H CHANGE▼ 3.04%
MARKET CAP$533.78MFDV $1.10B · 51% supply locked
RANK#110
SUPPLY270.0M RAY
DOMINANCE0.02%
7d▲ 5.80%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
1.02x bigger
EUTBL$525.54M
RAY$533.78M
THE CLIMBSpiko EU T-Bills Money Market Fund logoEUTBL→Raydium logoRAYMULTIPLIER▲ 1.02xGAP$8.24M
Spiko EU T-Bills Money Market Fund logo
SOURCEEUTBL$525.54M
Raydium logo
TARGETRAY$533.78M
Kinesis Gold logo
KAU$531.99M
log scale · mcap in USDOct 21, 2026
Spiko EU T-Bills Money Market Fund logo
EUTBLSpiko EU T-Bills Money Market Fund
$525.54MSOURCE
Kinesis Gold logo
KAU
$531.99M
Raydium logo
RAYRaydium
$533.78MTARGET
mcap in USDOct 21, 2026
BAG SCENARIOS·IF EUTBL HIT RAY MCAP·TARGET $1.21
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 EUTBL$119.00$121.06+$2.06
Coffee money1K EUTBL$1,190.00$1,210.57+$20.57
Small bag10K EUTBL$11,900.00$12,105.73+$205.73
Real bag100K EUTBL$119,000.00$121,057.28+$2,057.28
Whale bag1M EUTBL$1,190,000.00$1,210,572.76+$20,572.76
Generational10M EUTBL$11,900,000.00$12,105,727.57+$205,727.57
$533.78M compared to the world
NikeNKE
$130.00B
RAY mcap is 0.4% of Nike
StarbucksSBUX
$100.00B
RAY mcap is 0.5% of Starbucks
SpotifySPOT
$90.00B
RAY mcap is 0.6% of Spotify
RobloxRBLX
$30.00B
RAY mcap is 1.8% of Roblox
RedditRDDT
$25.00B
RAY mcap is 2.1% of Reddit
SnapchatSNAP
$20.00B
RAY mcap is 2.7% of Snapchat

About this comparison

This page compares the market capitalizations of Spiko EU T-Bills Money Market Fund (EUTBL) and Raydium (RAY). With Spiko EU T-Bills Money Market Fund currently at $1.19 per coin and a market cap of $525.54M, and Raydium at $1.98 with a market cap of $533.78M, applying Raydium's market cap to Spiko EU T-Bills Money Market Fund's circulating supply produces a hypothetical EUTBL price of $1.21 — a 1.02x move from current.

Spiko EU T-Bills Money Market Fund: Spiko EU T-Bills Money Market Fund is a fully-licensed EUR money market fund operating under the EU regulatory framework.

Raydium: Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If Spiko EU T-Bills Money Market Fund had Raydium's market cap, what would the price be?

If Spiko EU T-Bills Money Market Fund (EUTBL) had Raydium's (RAY) current market cap of $533.78M, each EUTBL would be worth approximately $1.21 based on the circulating supply of 440,934,970 EUTBL. That is 1.02x the current EUTBL price of $1.19.

What is the current market cap of Spiko EU T-Bills Money Market Fund?

Spiko EU T-Bills Money Market Fund (EUTBL) currently has a market cap of $525.54M, ranking #112 by market capitalization. Each EUTBL trades at $1.19.

What is the current market cap of Raydium?

Raydium (RAY) currently has a market cap of $533.78M, ranking #110 by market capitalization. Each RAY trades at $1.98.

How does EUTBL compare to RAY?

Spiko EU T-Bills Money Market Fund's market cap of $525.54M sits slightly above Raydium's $533.78M. For EUTBL to reach RAY's current valuation, the price would need to move 1.02x from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Spiko EU T-Bills Money Market Fund's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.