Raydium, the largest decentralized exchange on Solana blockchain, launches LaunchLab—a memecoin launch platform to compete with Pump.fun.
Why Raydium is Competing with Pump.fun
The relationship between Raydium and Pump.fun has been profitable, but Pump.fun's plan to launch its own AMM threatens this synergy, prompting Raydium to create LaunchLab.
Conflict over Pump.fun's AMM
The launch of Pump.fun's AMM has caused market concerns and a sharp drop in Raydium's token (RAY). Despite this, Raydium continues to develop LaunchLab to handle potential liquidity loss.
How LaunchLab Differs from Pump.fun
LaunchLab and Pump.fun share similar bonding curve models but differ in fee structure, token support, and liquidity protection.
The launch of LaunchLab marks a new era in the competition for memecoin dominance on Solana. Its success could help Raydium retain liquidity and attract new token launches.
