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RAY surged 10% after Raydium launched LaunchLab, a new meme coin creation platform aimed at challenging the dominance of Solana’s Pump.fun.
The platform’s debut follows Pump.fun’s split with Raydium last month, when it launched its own DEX, PumpSwap, cutting into the revenue of the prominent SOL-based automated market maker (AMM).
Top 24-hour performers (Source: CoinMarketCap)
The LaunchLab launch helped make RAY the top gainer among major cryptos on CoinMarketCap after the token’s surge in the past 24 hours took its weekly gain past 36%. It traded at $2.31 as of 1:10 a.m. EST.
Raydium Says New Tokens Can Be Launched For Free
Raydium said that its platform will provide meme coin creators with customizable bonding curves and no migration fees. Tokens that raise 85 Solana will also transition to Raydium’s AMM instantly.
The firm added that new tokens can be launched for free. Creators also have the ability to opt-in to earn 10% of trading fees from the AMM pool post-graduation.
Data from LaunchLab shows developers have flocked to the platform, with multiple new tokens created on the new launchpad already.
Introducing LaunchLab, Raydium's all-in-one token launchpad.
Built for Creators, Developers, and the Community 🫡https://t.co/yZVzShVZSJ
More info ⬇️ pic.twitter.com/r6s1DAegWf
— Raydium (@RaydiumProtocol) April 16, 2025
Token Launches On Pump.Fun Surge Amid Record PumpSwap Trading Volumes
As the battle for meme coin supremacy between LaunchLab and Pump.fun heats up, Pump.fun is recording strong growth.
Activity on the platform and its PumpSwap decentralized exchange has been on a tear in recent days.
Data from Dune Analytics shows the daily number of new tokens launched on Pump.fun has been on the rise in the last few days after an earlier steep decline.
Daily trading volume records for PumpSwap have also been broken for 5 days in a row, reaching $460 million yesterday.
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