INJ to RAY: Exchange Injective Protocol for Raydium Without KYC

Send Injective Protocol (INJ) on Injective and receive Raydium (RAY, an SPL token on Solana) in your own wallet, with no account and no KYC. It is a cross-chain swap from Injective to Solana, with no bridge and no wrapped tokens.

  • 5–15 min
  • No account · No KYC
  • Non-custodial
  • Fees included in quote
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INJ
INJ
RAY
RAY


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Injective Protocol Logo
INJ
Injective Protocol
Price:
$7.91
24h Change:
-0.90%
Market Cap:
$790.80M
Volume (24h):
$150.07M
Circulating Supply:
100.00M INJ
Raydium Logo
RAY
Raydium
Price:
$2.15
24h Change:
-11.22%
Market Cap:
$579.11M
Volume (24h):
$65.55M
Circulating Supply:
269.86M RAY

Data by CoinGecko

INJ to RAY Exchange Rate

1 INJ = 3.6791 RAY

The 1 Injective Protocol to Raydium reference rate at market prices, before fees. The exact amount, minimum and maximum are shown in the exchange box before you send.

Live market rate

INJ to RAY swap at a glance

Everything that is specific to swapping Injective Protocol to Raydium on GhostSwap.

Injective Protocol (INJ)You send · Injective network
Raydium (RAY)You receive · SPL token on Solana

It is a cross-chain swap from Injective to Solana, with no bridge and no wrapped tokens.

Swap time
5–15 minuntil your RAY is sent
Network fee
Paid in INJby your wallet
Account / KYC
NoneNo sign-up, email or ID for standard swaps
Tracking
Live status pageINJ on Mintscan · RAY on Solscan
Your RAY address
Solana addressIt is 32–44 letters and numbers with no 0x prefix. Wallets: Phantom, Solflare or a Ledger.
Reference rate
1 INJ ≈ 3.6791 RAY1 RAY ≈ 0.271808 INJ · market prices, 13 Oct 2026
Deposit Memo
Include it if shownCopy the Memo from the deposit screen exactly.
  1. Send INJUnder a minute to confirm on Injective
  2. GhostSwap swaps itAt the floating rate, fees already in the quote
  3. Receive RAYSent to your address; Solana confirms in under a minute
Facts checked 13 Oct 2026Reverse: RAY to INJ

Going the other way? Swap RAY to INJ

Other ways to get Raydium (RAY)

BTC to RAYETH to RAYUSDT to RAYUSDT TRC20 to RAYUSDC to RAYSOL to RAYLTC to RAYXMR to RAYZEC to RAYBNB to RAYXRP to RAYDOGE to RAYIOTA to RAYJUP to RAY

More INJ swaps

INJ to SOLINJ to RENDERINJ to SANDINJ to SHIBINJ to SUIINJ to SUNDOGINJ to TAOINJ to THETAINJ to TIAINJ to TRXINJ to UNIINJ to USDC

INJ to RAY Live Price Chart

INJ/RAY

Loading chart...

Reference market prices, updated live

INJ

What is Injective Protocol?

Injective Protocol (INJ) is a decentralized exchange protocol optimized for cross-chain DeFi trading. Injective supports spot markets, perpetual swaps, futures, and options trading with zero gas fees and near-instant execution on its own Layer 1 chain. Built using Cosmos SDK with IBC connectivity, Injective can interact with assets across multiple blockchains. INJ is used for governance, staking, and a deflationary burn mechanism. The protocol has attracted significant institutional and retail interest.

RAY

What is Raydium?

Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). It offers fast transactions and low fees. RAY tokens are used for staking, governance, and earning rewards within the platform.

INJ → RAY

Why Swap INJ for RAY?

Converting Injective Protocol to Raydium on GhostSwap moves your funds from INJ into RAY without KYC or account creation. Injective Protocol is the native coin of Injective. Raydium is used for fees and rewards on the Raydium DEX on Solana.

Two different networks

INJ runs on Injective and RAY on Solana; GhostSwap swaps between them in one step.

About Raydium

Raydium is used for fees and rewards on the Raydium DEX on Solana.

No KYC or exchange accounts

GhostSwap processes your INJ to RAY swap without sign-ups, identity verification, or personal data. Just a wallet address.

Exchange INJ for RAY on GhostSwap. Most swaps are paid out within 5–15 minutes after you send, with no registration and no verification for standard swaps.

INJ

Convert Injective Protocol to Raydium

INJRAY at market price
2.5INJ9.1977RAY
5INJ18.3953RAY
10INJ36.7907RAY
25INJ91.9767RAY
50INJ183.9535RAY
100INJ367.9070RAY
500INJ1,839.53RAY
1,000INJ3,679.07RAY

At market prices of $7.9100 per INJ and $2.1500 per RAY (13 Oct 2026), 50 INJ is worth about 183.9535 RAY. Your exact amount, after network fees, is shown in the exchange box before you send.

RAY

Convert Raydium to Injective Protocol

RAYINJ at market price
10RAY2.7181INJ
25RAY6.7952INJ
50RAY13.5904INJ
100RAY27.1808INJ
250RAY67.9520INJ
500RAY135.9039INJ
2,500RAY679.5196INJ
5,000RAY1,359.04INJ

Going the other way, 250 RAY is worth about 67.9520 INJ at the same prices.

How to Exchange Injective Protocol to Raydium

Line Vector
Select Crypto Currency

Select INJ and RAY

Pick INJ in “You send” and RAY in “You get”, then enter the amount. The box shows how much RAY you get and the minimum INJ for this pair.

Select Wallet Address
Line Vector

Enter Raydium Address

Paste the Solana address that should receive the RAY (it is 32–44 letters and numbers with no 0x prefix). Then enter the Injective address you send INJ from; a refund, if ever needed, goes there.

Sent Crypto Currency
Line Vector

Send Injective Protocol

Send exactly the amount shown from your own Injective wallet to the one-time deposit address.

Receive Crypto

Receive Raydium

Your RAY is usually paid out 5–15 minutes after you send your INJ, and Solana then confirms it in under a minute. Follow each step on the status page with your swap ID.

Popular swap pairs

Explore the most popular crypto exchange pairs, including BTC to ETH, ETH to XRP, and DOGE to USDT.

BTC
to
ETH
ETH
to
BTC
BTC
to
SOL
ETH
to
SOL
BTC
to
XMR
ETH
to
XMR
SOL
to
XMR
XMR
to
USDT
USDT
to
XMR
XMR
to
BTC
BTC
to
ZEC
ETH
to
ZEC
SOL
to
ZEC
ZEC
to
USDT
USDT
to
ZEC
ZEC
to
BTC
ETH
to
XRP
BTC
to
DOGE
DOGE
to
USDT
BTC
to
LTC
SHIB
to
PEPE
PEPE
to
USDT
SHIB
to
USDT
BONK
to
USDT
WIF
to
USDT
POPCAT
to
USDT
DOGE
to
SHIB

INJ to RAY: questions and answers

Everything you need to know about exchanging INJ to RAY on GhostSwap.

How long does it take to swap INJ to RAY on GhostSwap?
Most INJ to RAY swaps are paid out within 5–15 minutes: the INJ deposit needs under a minute to confirm on Injective, then the RAY is sent to your wallet, and Solana confirms the payout in under a minute. Busy networks can add a few minutes.
How much is 1 INJ in RAY?
1 INJ is worth about 3.6791 RAY at the market rate, before fees (market prices, 13 Oct 2026). GhostSwap's quote in the exchange box already includes the service fee and the RAY network fee. The rate floats with the market until your INJ deposit confirms, so the exchange box shows the exact amount before you send.
Do I need KYC or an account to exchange INJ to RAY?
No. GhostSwap has no accounts: you paste the Solana address that should receive the RAY, send INJ from your own wallet, and the RAY goes straight to that address. No email, phone number or ID upload.
What are the fees for converting Injective Protocol to Raydium?
The GhostSwap fee is already included in the rate in the exchange box, so the RAY amount you see is what you receive. On top of that, the Injective network fee for your deposit is paid in INJ by your wallet.
What wallet should I use to receive RAY?
To receive Raydium from your swap, we recommend using Phantom, Solflare or a Ledger. Make sure your wallet supports the Solana (SPL token) network before starting the exchange. Double-check your RAY address before confirming, cryptocurrency transactions cannot be reversed.
What format is the RAY address?
Use a Solana address: it is 32–44 letters and numbers with no 0x prefix. Copy it from your wallet and paste it; never type it by hand. Sending RAY to an address on another network can lose the coins.
Can I track my INJ to RAY swap?
Yes. After initiating your swap, GhostSwap provides a transaction status page where you can monitor progress in real-time. You can also track your INJ payment on Mintscan (https://www.mintscan.io/injective) and your incoming RAY on Solscan (https://solscan.io).
Is it safe to exchange INJ for RAY on GhostSwap?
GhostSwap is non-custodial: there is no account balance holding your coins. Your INJ deposit is converted and the RAY is sent straight to the Solana address you enter, so check that address twice, Solana transfers cannot be reversed.
How does a cross-chain INJ to RAY swap work?
Injective Protocol lives on Injective and Raydium on Solana, two separate blockchains. Instead of a bridge, GhostSwap takes your INJ on Injective and pays native RAY on Solana, so you never hold a wrapped token or pay bridge fees.
What happens if my INJ to RAY exchange fails?
If a swap cannot be completed, the INJ is refunded to the Injective address you entered as the sender address. If something looks stuck, contact support with your swap ID from the status page. Most problems come from sending a different amount than shown or using an address on the wrong network.

Swap INJ to other coins

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ETC
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NEAR
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APT
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ARB
INJ
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OP
INJ
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FIL
INJ
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ALGO
INJ
to
BONK
INJ
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VET
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HBAR
INJ
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KAS
INJ
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ZRX
INJ
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AAVE
INJ
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APE
INJ
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BABYDOGE
INJ
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BEAMX
INJ
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BOME
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BRETT
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BTT
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DRIFT
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ELON
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FLOKI
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IMX
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JUP
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MEW
INJ
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NOT
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INJ
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PONKE
INJ
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POPCAT
INJ
to
RAY
INJ
to
RENDER
INJ
to
SAND
INJ
to
SUNDOG
INJ
to
TAO
INJ
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THETA
INJ
to
TIA