Raydium Introduces LaunchLab to Rival PumpFun on Solana
One of the biggest DeFi platforms in the Solana ecosystem, Raydium, revealed LaunchLab, a new token launch platform. The move has drawn interest among the crypto community since LaunchLab apparently resembles PumpFun, the portal originally dominating the memecoin token market on Solana.
JUST IN: Raydium set to launch token launchpad called LaunchLab, that will initially resemble a direct fork of PumpFun. pic.twitter.com/mlmWuN33dk
— Whale Insider (@WhaleInsider) March 18, 2025
PumpFun has become a go-to choice for new projects looking to release their tokens fast and free from complex legal obstacles in recent months. Still, things have changed fundamentally since February 2025.
Data from Dune Analytics shows that, following four straight weeks starting February 17, 2025, the token “graduation” rate on PumpFun —that is, tokens that successfully pass the incubation phase and become totally trading on the Solana DEX—has dipped below 1%. Stated differently, investors seem to be disinterested in the platform’s presented model.
Moreover, a March 19, 2025, analysis revealed that the daily income of PumpFun had plummeted sharply by 95% over the last month. They were still registering daily revenues of about 12,000 SOL (about $2 million in February), but in March their figure decreased drastically to barely 1,000 SOL (about $100,000).
Raydium saw a chance to offer a more flexible alternative with LaunchLab among PumpFun’s diminishing performance. They not only replicated the existing features but also provided more customizing choices for projects wishing to release their tokens.
The option to select from a range of price models—including linear, exponential, and logarithmic bonding curves—introduced was one intriguing aspect.
LaunchLab also lets third-party users create their own fee structures, providing projects greater control in choosing their launch approach. LaunchLab seems to aim to reach more developers who were once reluctant to use the PumpFun model owing to its system limitations using this more open method.
Launching LaunchLab seems to be exactly timed. While PumpFun battles to remain relevant, Raydium has acted aggressively to close a market gap. Fascinatingly, Raydium’s decision to launch LaunchLab was also impacted by news that PumpFun is creating its own AMM, as we previously reported , therefore reducing their reliance on the liquidity supplied by Raydium.
This results in a direct conflict between two main stakeholders in the Solana ecosystem, therefore driving two different outcomes. Should LaunchLab be successful in attract new projects, the dominance of PumpFun may be progressively undermined.
Specifically on Solana, the crypto community has responded differently to this news. While some hope LaunchLab would generate more chances for new projects to thrive, others are dubious the platform will really provide anything better than PumpFun.
Meanwhile, as of press time, RAY is swapped hands at about $1.94, up 3.77% over the last 24 hours and 23.05% over the last 7 days.
Raydium (RAY) Rockets 15% Amidst Market Volatility! 🚀
Hey bitget Square family! 🌟 Exciting news in the crypto space today—Raydium's native token, $RAY , has surged by an impressive 15%, reaching a current price of $1.88. Let's dive into what's fueling this upward momentum and what it means for investors like you.
What's Behind the Surge?
Raydium,$RAY an automated market maker (AMM) and liquidity provider built on the Solana blockchain,has been making waves in the decentralized finance (DeFi) ecosystem.
Here's a quick overview:
Recent Performance:In late 2024,$RAY experienced a remarkable rally reaching a two-year high with a 276% gain since its September lows.
This surge outpaced Bitcoin's 45% increase during the same period.
Ecosystem Growth:The Solana network,known for its high-speed transactions and low fees,has seen increased activity.$RAY dium,as a leading DEX on Solana, has benefited from this growth, attracting more users and liquidity.
Technical Indicators to Watch
For our savvy traders keeping an eye on the charts:
Fibonacci Retracement:A move above the 61.8% Fibonacci retracement level could signal further bullish momentum for $RAY .
Relative Strength Index (RSI):Currently at 60,the RSI suggests that while there's strong buying interest,the token might experience a short-term consolidation before the next move.
Looking Ahead
While today's surge is promising,it's essential to approach with a balanced perspective:
Market Dynamics: The crypto market is known for its volatility. While $RAY 's fundamentals are strong, always consider the broader market conditions when making investment decisions.
Staying Informed: Keep an eye on Raydium's developments partnerships, and the overall performance of the Solana ecosystem.
These factors can provide insights into $RAY 's future trajectory.
Join the Conversation
We'd love to hear your thoughts! Are you bullish on RAY? How do you see the Solana ecosystem
Drop your comments below and let's discuss! 💬👇
*Disclaimer:This article is for informational purposes only and should not be taken as financial advice.Always do your own research before making any investment decisions.*
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