RAY Takes Flight: Raydium’s LaunchLab Aims to Outshine Solana’s Pump.fun! 🚀

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<a href="https://usdaed.com/ray-usd/">RAY</a> Takes Flight: Raydium’s LaunchLab Aims to Outshine Solana’s Pump.fun! 🚀

In the early hours of the Asian session, the native token of Raydium, RAY, ascended to heights previously unimagined. This remarkable surge, dear reader, is attributed to the announcement of LaunchLab, a token launchpad that seeks to rival the illustrious Pump.fun of Solana.

Ah, the crypto realm! A veritable flood of token launchpads, each one a beacon for the creation and launch of meme coins, as if the world needed more of those delightful distractions.

Raydium’s LaunchLab: A New Meme Coin Platform to Challenge Pump.fun

Raydium, in a bold move, is stepping into the fray of meme coin competition. As reported by Blockworks, this Solana-based DEX is unveiling a platform that mirrors the famed Pump.fun. And lo! RAY has risen by 15% on this news, trading at a princely $1.93 as we speak.

The timing of this LaunchLab release is nothing short of poetic. It arrives less than a month after whispers of Pump.fun establishing its own AMM, severing ties with Raydium. Such news, as BeInCrypto noted, sent RAY tumbling down by 31%. Oh, the drama!

Once upon a time, Pump.fun tokens basked in a market cap of $69,000, with portions of their liquidity deposited into Raydium’s trading pool before being ceremoniously burned. In a twist of fate, Pump.fun meme coins accounted for a staggering 41% of Raydium’s swap fee revenue last month. What a tangled web we weave!

This separation, dear friends, heralded a potential revenue crisis for Raydium. Thus, the decision to launch LaunchLab appears to be a defensive maneuver against the impending financial storm. RAY, having suffered a 31% price drop in February, still clings to a balance sheet boasting approximately $168 million, as per Blockworks Research. A cushion indeed!

This financial fortitude has allowed Raydium to act swiftly, rolling out a platform that promises to be competitive.

According to the elusive Raydium core contributor known only as Infra, development on LaunchLab commenced months ago but was shelved to avoid stepping on the toes of other teams. However, with Pump.fun’s recent moves, Raydium decided it was time to unveil its own alternative.

Infra, in a moment of clarity, stated that LaunchLab is not designed to be a Pump.fun killer. Rather, it offers an option for teams reluctant to start from scratch. The platform will feature innovative bonding curves—linear, exponential, and logarithmic—to align demand with token pricing. Quite the mathematical endeavor!

Moreover, third-party UIs will have the liberty to set their own fees, adding a delightful flexibility to the ecosystem. LaunchLab will support a variety of quote tokens beyond Solana’s SOL and will integrate with Raydium’s liquidity provider locker, allowing issuers to secure swap fees indefinitely. A veritable buffet of options!

According to Infra, this is merely the first step in a grander scheme to streamline token creation.

Intensifying Competition in the Meme Coin Launchpad Space

Yet, Raydium is not alone in this bustling launchpad arena. GraFun Labs has recently embraced the TON blockchain for its meme coin launchpad, expanding the market beyond Solana’s borders. Meanwhile, PancakeSwap DEX is also throwing its hat into the ring with the launch of SpringBoard, its own meme coin platform.

The meme coin launchpad trend is gaining momentum across various blockchains. Emojicoin.fun made its debut on the Aptos mainnet four months ago, adding yet another competitor to the fray. Seven months prior, SushiSwap introduced its meme coin launchpad, crafted specifically to combat the notorious pump-and-dump schemes plaguing the industry.

While these platforms offer new opportunities for token creators and investors, they also serve as fertile ground for crypto scams. The recent exploit of BNB Chain’s meme coin launchpad, four.meme, serves as a stark reminder

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2025-03-19 13:24