By Nermeen Nabil Khear 
TLDR
- Raydium is launching LaunchLab, its own token issuance platform to compete with Pump.fun
- RAY token surged 28% following the announcement, rising from $1.6 to $2
- LaunchLab will offer three types of bonding curves and allow third-party UIs to set fees
- The platform comes after Pump.fun reportedly tested its own AMM, signaling a move away from Raydium
- Meme coin sector’s market cap is down around 65% from its December 2024 peak
Raydium, the Solana-based decentralized exchange (DEX), is launching its own token issuance platform called LaunchLab. This new service aims to increase revenue and expand the user base for the already popular trading service.
The announcement has had a positive impact on Raydium’s native token. RAY jumped 28% on Tuesday, climbing from $1.6 to $2. This surge comes after the token had fallen about 60% over the past month.
LaunchLab will work similarly to Pump.fun, which has been a hit platform for token issuance. However, Raydium’s developers claim their platform will have added features that make it more appealing for token launches.
The new platform will offer three types of bonding curves. These curves automatically match demand and price for tokens on decentralized exchanges. This feature gives users more options for how their tokens are priced.
LaunchLab will also allow third-party user interfaces to set their own fees. This flexibility could attract more partners to use the platform. It will also support multiple quote tokens.
Raydium developer @0xINFRA shared on X that the service could be easily added to applications already using Raydium’s existing services. These include AMM v4, CP-Swap, and CLMM pools.
The developer stressed that LaunchLab is not simply a copy of Pump.fun. While the user interface may look similar for familiarity, the platform is designed to be more versatile. It’s meant to be the first of a tool suite with more models in progress.
LaunchLab Features and Market Reaction
Raydium currently generates over $1 million in fees daily from trading across all its liquidity pools. In February, over 30% of Raydium’s daily trading volume came from Pump.fun tokens, according to a Dune dashboard.
The launch of LaunchLab follows reports that Pump.fun was testing its own AMM. This suggested Pump.fun might be moving away from using Raydium as its migration platform. Rumors of this move had triggered a 30% drop in RAY’s value.
The two teams do not have an official partnership in place. Neither has publicly commented on recent developments regarding their relationship.
The timing of LaunchLab’s launch comes during a challenging period for meme coins. The meme coin sector’s market cap has dropped around 65% from its peak in December 2024. Pump.fun’s graduation rate, which measures tokens successfully moving from incubation to full tradability, has been below 1% since February 17.
Despite these market challenges, Raydium hopes its established presence will give it a competitive edge. However, some analysts believe Raydium may face obstacles in user engagement.
Ceteris, Head of Research at Delphi Digital, pointed out that while Raydium provides the underlying infrastructure, platforms like Pump.fun control the user interface and experience. “Pump.fun owns the user, Raydium is just back-end infra,” Ceteris said.
will take the opposite view of this.
pump owns the user, raydium is just back-end infra. even when users go to trade after bonding they go to jupiter. most prob don’t even realize they’re raydium pools.
much harder to own the user than to create a vanilla amm. https://t.co/kmnIWEuYZ0
— ceteris (@ceterispar1bus) March 18, 2025
Story Protocol’s Jongwon Park added, “crypto UX gets better when you abstract away 10s of AMMs. Products are king, and liquidity in AMM follows products.”
The launch of LaunchLab represents Raydium’s effort to maintain its position in the Solana ecosystem. By creating its own token issuance platform, Raydium aims to protect its revenue streams and expand its offerings in a competitive market.
The post Raydium (RAY) Price: Token Surges 28% Following LaunchLab Announcement appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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