Section 13: Radar

RAX's Radar page provides comprehensive market intelligence by scanning and aggregating token data from multiple decentralized exchanges (DEXs) across the ecosystem. Our advanced aggregation system categorizes tokens into three distinct sections based on their lifecycle stage, giving traders critical insights into market opportunities and token progression.

New Pairs

Recently created trading pairs representing the newest tokens to enter the market. These are the most recent pairs created across our monitored DEXs, providing early access to emerging opportunities and allowing traders to identify potential gems before they gain widespread attention.

Final Stretch

Tokens that are approaching completion of their bonding curve mechanism. Each DEX implements different bonding curve parameters, and our system tracks tokens nearing these completion thresholds. This category represents coins in their final fundraising phase before transitioning to full market trading.

Migrated

Tokens that have successfully completed their bonding curve journey and transitioned to full decentralized trading. These coins have met their funding targets and now trade with traditional market mechanics, representing established projects that have proven initial market validation.

Understanding Bonding Curves

A bonding curve is an automated market maker (AMM) mechanism that determines token pricing based on supply. As more tokens are purchased, the price increases along a predetermined mathematical curve, typically exponential or logarithmic. This creates a fair launch system where early buyers get lower prices, but the cost increases progressively as demand grows.

The bonding curve serves multiple purposes: it provides initial liquidity without requiring large capital deposits, creates price discovery through organic demand, and establishes a funding mechanism for new projects. Once a token reaches the top of its bonding curve (completion threshold), it typically transitions to traditional DEX trading with the accumulated funds used to create permanent liquidity pools.

Different DEXs implement varying bonding curve parameters, including completion thresholds, curve steepness, and transition mechanisms, which RAX monitors and aggregates to provide comprehensive market intelligence across the entire decentralized ecosystem.

How do we calculate the bonding curve per DEX?

Bonding Curve Progress Calculation

RAX calculates bonding curve completion percentage differently for each DEX based on their unique parameters:

Volume-Based DEXs (Pumpfun, Moonshot, Heaven, etc.)

Progress = (Current Trading Volume / Target Volume Threshold) × 100

Each DEX sets different target volumes (e.g., Pumpfun: $69K, Moonshot: $100K)
Progress tracks how close a token is to reaching migration volume

Market Cap-Based DEXs (Jupiter Studio, Raydium)

Progress = (Current Market Cap / Target Market Cap) × 100

Completion triggered when market cap reaches predetermined threshold
Different DEXs have varying market cap requirements

Supply-Based DEXs (Meteora AMM, Orca)

Progress = (Tokens Sold / Total Bonding Curve Supply) × 100

Tracks percentage of available tokens purchased from the curve
Completion occurs when all bonding curve tokens are sold

Time + Volume Hybrid (Dynamic BC, Launchlab)

Progress = Weighted combination of time elapsed and volume achieved

Complex formulas considering both duration and trading activity
Each DEX implements different weighting ratios

Custom Mechanisms (Bonk, Bags, Sugar, etc.)

Progress varies based on proprietary algorithms including factors like:

Community participation metrics
Holder distribution requirements
Social engagement thresholds
Trading consistency over time periods

RAX's aggregation system continuously monitors these diverse calculation methods, providing unified progress tracking across all supported DEXs while respecting each platform's unique bonding curve implementation.

List of DEXs aggregated by RAX

Pump.fun

Website: pump.fun
Documentation: Available via third-party APIs and developer resources
Specialization: Meme token launches with $69K bonding curve completion threshold

Raydium

Website: raydium.io
Documentation: docs.raydium.io
GitHub: github.com/raydium-io
Specialization: AMM with concentrated liquidity (CLMM) and constant product pools (CPMM)

Jupiter (Studio)

Website: jup.ag
Documentation: Available through Solana ecosystem resources
Specialization: DEX aggregator and liquidity routing across 20+ Solana DEXs

Orca

Website: orca.so
Documentation: docs.orca.so
Program ID: orcaEKtKd7KLKz57vaAYr9QeNsVEPifiu6QeMU1kektZE
Specialization: Concentrated liquidity AMM with Whirlpool technology

Tier 2 DEXs (Specialized Platforms)

Meteora AMM / Meteora AMM V2

Specialization: Advanced AMM with multiple pool types and liquidity strategies

PumpSwap (Pump AMM)

Specialization: Native AMM for Pump.fun ecosystem migration

Emerging Launch Platforms

Moonshot

Specialization: Token launches with $100K bonding curve thresholds

Heaven

Specialization: Community-driven token launches

Sugar

Specialization: Sweet-themed token launch platform

Believe

Specialization: Faith-based token launch ecosystem

Moonit

Specialization: Lunar-themed meme token launches

Bags

Specialization: Holder-focused token distribution

Technical Infrastructure DEXs

Dynamic BC

Specialization: Dynamic bonding curve mechanisms with time-weighted formulas

Launchlab

Specialization: Custom tokenomics and advanced launch configurations

Book

Specialization: Order book integration and market making

Bonk

Specialization: Community meme token ecosystem integration

Default Metrics Configuration

RAX provides comprehensive token analysis through the radar page, featuring 15 default metrics across four analytical categories:

Trading & Market Data

Total Volume: Aggregate trading volume across all integrated DEXs
Current Market Cap: Real-time market capitalization based on circulating supply
Total Buys vs. Total Sells: Buy/sell pressure ratio analysis
Global Fees Paid: Cumulative transaction fees across all trading activity

Holder Distribution Analysis

Number of Holders: Total unique wallet addresses holding the token
Pro Traders Inflow (5M): Capital flow from high-net-worth professional traders for the last 5M
KOL Inflow (5M): Investment activity from Key Opinion Leaders and influencers in the last 5M
Top 10 Holders %: Concentration percentage of largest wallet holdings
Overall Wallet Score: Composite reputation scoring of holder addresses, average wallet score
Average Entry Price Below Market Cap: Holder cost basis relative to current valuation
New Wallet/First Buy: Count of first-time token purchasers indicating fresh adoption

Security & Developer Metrics

Dev Owns % and Funding Timeline: Developer wallet holdings and initial funding timestamp
Number of Dev Migrations: Developer's historical bonding curve completion record
Bundle %: Transaction bundling percentage indicating potential bot activity

Social Intelligence

Number of Mentions on Twitter: Number of time the CA was mentioned on Twitter
Tracker Trader Number In: Professional monitoring and analytical coverage count
Number of Times Twitter Handle Was Re-Used: Frequency of Twitter handle reuse across different tokens indicating potential developer recycling

Customization Capabilities

Metric Library: 100+ available metrics for selection
Display Capacity: Up to 27 metrics simultaneously
Configuration Control: Full add/remove/replace functionality for personalized analysis through the filters page

This default configuration provides essential insights across trading, security, social sentiment, and holder behavior while maintaining the flexibility to adapt to specific analytical requirements.

Community Innovation Program

RAX is actively developing more effective radar and analytics capabilities. We welcome innovative ideas and suggestions from the community to enhance our platform's analytical power and user experience.

Submit your recommendations: Recommendation channel in our Discord

Valuable contributions that improve our radar system will be rewarded. Help us build the most comprehensive token analysis platform in web3. Visit the Creator Fund for more information.