Raydium Launches LaunchLab, Engaging in Fierce Competition with Pump Fun

In the Solana ecosystem, the two leading projects, Raydium and Pump Fun, have recently engaged in fierce competition. Although they operate in different sectors, both have adopted strategies to venture into each other's domains in order to capture more revenue.

Pump Fun has taken the lead by launching PumpSwap, with daily trading volumes quickly reaching $400 million, nearing Raydium's $600 million. Data shows that Pump Fun contributed as much as 41% of AMM revenue for Raydium in the past month. In response to this situation, Raydium had no choice but to launch LaunchLab to "reclaim liquidity dominance."

Introduction to LaunchLab

LaunchLab is essentially a "no-code token issuance tool + automatic liquidity migration service," offering two main usage modes:

1. JustSendIt Mode: Users can create tokens with one click, preset to raise 85 SOL, and automatically migrate to Raydium's AMM upon success, locking in liquidity.

2. LaunchLab Pro Mode: Allows customization of total supply, minimum fundraising amount starting from 30 SOL, price curve, vesting conditions, and whether to enable AMM profit sharing with up to 10% transaction fee refunds to the project party.

In terms of fees, Raydium charges a unified base fee of 1%, of which 50% goes to the community pool, 25% is used to repurchase $RAY, and 25% is allocated for infrastructure and operational funds.

It is worth noting that LaunchLab allows third parties to access its backend services to build their own token issuance frontends. The most notable among them is cook.meme, which is a "meme token issuance platform" that focuses on zero fees, instant transactions, and a simple UI.

Comparison between LaunchLab and Pump Fun

LaunchLab adopts an open model, not only for attracting traffic but also to replicate the content and ecological flywheel effect built by Pump Fun through community front-end.

Key Project Analysis

The launch of LaunchLab directly benefited $RAY, with its price increasing by about 8% after the announcement. If LaunchLab can maintain its popularity, the buyback力度 of $RAY will strengthen, likely driving the price up.

The success of LaunchLab hinges on whether it can generate enough "star projects." Currently, within 24 hours of launch, only the market capitalization of $TIME has exceeded $1 million. Other tokens like $ARUA and $Gaydium initially performed well, but ultimately the market decided to focus on a single high market capitalization token.

( $TIME project

• Current Market Value: 6 million USD
• Highest Market Cap: $8.5 million
• 24-hour trading volume: 30.2 million USD
• Number of holders: 7,600

Summary

Although Raydium's LaunchLab may seem like a "late comeback", its overall design has systematically responded to the advantages of Pump Fun. It not only offers a customizable token issuance model but also attempts to redirect traffic, fees, and market narratives back to the Raydium ecosystem through open front-end strategies such as cook.meme.

Whether LaunchLab can truly achieve wealth creation effects and reignite the meme coin craze depends on the following three core factors:

1. Can it hatch a trending project?
2. Are the transaction fees and liquidity design friendly to retail investors?
3. Can the ecosystem quickly gather frontend tools to create network effects?

Currently, there is still room for improvement in these three aspects. However, considering that LaunchLab has been launched for less than a month, it is still too early to conclude its failure. The cryptocurrency market is ever-changing; perhaps the next hundredfold meme coin will emerge from the LaunchLab platform. Let's wait and see.

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