Raydium has announced the launch of LaunchLab, a new platform for creating and launching tokens with unique features that allow users to adjust token pricing according to demand.
Raydium's New Move: LaunchLab Launch
Raydium unveiled LaunchLab as an alternative token launch platform. It had been in development for several months, but the company chose not to compete directly with Pump.fun until the latter announced plans for its own AMM.
LaunchLab Features and Pump.fun Connection
LaunchLab allows users to set the token price trajectory to linear, exponential, or logarithmic. Third-party interfaces can integrate with LaunchLab and charge their own fees. Interaction peaks when parts of liquidity from tokens created on Pump.fun automatically feed into Raydium's trading pool.
Community Reaction and Market Impact
The launch of LaunchLab received mixed reactions in the community. Studies show that 41% of Raydium's swap revenue last month came from Pump.fun's memecoins. While Raydium claims it does not intend to replace Pump.fun, observers note the competition. The RAY token increased by 12%, indicating a positive user reaction.
Raydium takes a step towards new opportunities with LaunchLab, which, despite similarities with Pump.fun, offers unique pricing features. This has drawn attention and elicited a positive market response, even as debates about competition continue.
