The decentralized exchange and AMM Raydium, based on Solana, is developing its own token launch platform, LaunchLab. This information was confirmed to the media by a developer known as Infra.
Adding some more color here…
LaunchLab is launching as a permissionless, customizable bonding curve program for Solana token launches and third-party UIs
Here’s the deep dive on what’s coming: (1/7) https://t.co/Cs1FZ4UEJz
— Infra | Raydium (@0xINFRA) March 19, 2025
The platform is not a fork of the popular “meme coin factory” Pump.fun, though it adopts the concept of its user interface for convenience, the programmer noted.
Among the competitive advantages of LaunchLab, he highlighted:
- the presence of logarithmic, exponential, and linear bonding curves—a mechanism for price regulation;
- support for quotes in multiple assets, beyond SOL;
- customizable third-party fees for any team;
- access to liquidity pools on Raydium.
“We do not intend to compete with launchpads currently using Raydium—LaunchLab simplifies token launches on the blockchain by offering neutral, permissionless infrastructure,” stated Infra.
In February, Pump.fun began beta testing AMM functionality on its platform. The news caused Raydium (RAY) token prices to drop by nearly 30%.
Following reports of LaunchLab’s development, the asset rose by more than 11% in a day. The coin is trading near $1.87, with prices briefly exceeding $2.
According to a dashboard on Dune, the weekly trading volume of tokens issued through Pump.fun has decreased to ~$800-900 million. However, this figure accounts for 30% of the total.
According to the business development director Sonic Arif Kazi, fees from swapping coins with Pump.fun constitute up to 41% of Raydium’s commission income. With the “meme coin factory” launching its own AMM, this revenue stream is under threat.
my thoughts on raydium launching its own version of pump fun:
LaunchLab isn’t just a pump fun clone—it offers more features:
— multiple quote tokens (not just SOL)
— bonding curves
— integration with Raydium’s liquidity lockers
So it’s an upgrade, not just a copyRaydium… pic.twitter.com/0U1Wt0fayL
— Arif Kazi (@arifkazi_) March 19, 2025
“Expect increased competition. If LaunchLab gains traction, it could split liquidity or push both platforms towards more active innovation. Either way, users will benefit,” he commented.
Earlier in March, trading volumes of meme tokens on decentralized exchanges fell to an annual low.