Raydium launches LaunchLab, declares Pump.fun war on memecoin race

! The team behind Solana (AMM) automated market maker platform Raydium has officially launched LaunchLab, a new memecoin creation protocol, aimed at competing directly with Pump.fun.

LaunchLab launched on April 16, just a month after Pump.fun — previously a major revenue contributor to Raydium — ended the partnership by moving token migrations from Raydium's liquidity pools to its own new decentralized exchange, PumpSwap.

LaunchLab will leverage Raydium's liquidity pools and aims to topple Pump.fun's leadership in the memecoin launchpad field on Solana. Raydium says LaunchLab offers users the ability to customize the Bonding curve and there are no fees for moving tokens. Memecoins that raise 85 SOLs (hiện the equivalent of about 11,300 USD) will automatically transfer to Raydium's AMM for trading.

According to the LaunchLab platform, about 10 tokens have surpassed the 85 SOL mark and are eligible to "graduate" to Raydium's AMM pool.

Raydium also emphasized that token creation on LaunchLab is completely free, and issuers have the option of receiving a 10% transaction fee from the AMM pool after the tokens are transferred to the main platform.

! Source: Raydium/XLaunchLab sets transaction fees at 1%, of which 25% of the fees will be used to redeem RAY tokens, Raydium's native token.

Shortly after the announcement was announced, the price of RAY surged by nearly 14%, peaking at $2.41 in just 4 hours, before dropping slightly to $2.28 at the time of writing.

Trading volume on PumpSwap continues to peak

PumpSwap — Pump.fun's new exchange — has broken daily trading volume records for five consecutive days, with the latest figure being $460 million on April 17.

This was slightly above the $454.9 million mark on April 16, marking the fourth consecutive day that PumpSwap surpassed the $400 million mark in trading volume.

! Daily trading volume fluctuation chart on PumpSwap since 22/3 | Since its launch on March 22, PumpSwap has processed a total of $7.3 billion in trading volume, according to data from DefiLlama.

Disclaimer:*** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions

• Pump.fun launch of PumpSwap DEX, Raydium challenge
• RAY bounced sharply after Raydium launched rival meme coin platform Pump.fun

Itadori

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