Raydium, one of the largest defi platforms hosted on Solanaa, has with Launchlab for the introduction of tokens presented. The step has aroused the interest of the crypto community because Launchlab obviously resembles Pumpfun, the portal, which originally dominated the Memecoin 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
In the past few months, Pumpfun has become the first choice for new projects that want to release their tokens quickly and freely from complex legal obstacles. Nevertheless, things have changed fundamentally since February 2025.
Dune Analytics data show that in four consecutive weeks from February 17, 2025, the token graduation rate on Pumpfun has dropped to less than 1%. This affects tokens that have successfully undergone the incubation phase and are completely traded on the Solana dex. In other words, the investors do not seem to be interested in the presented model of the platform.
In addition, an analysis of March 19, 2025 showed that Pumpfun’s daily income had dropped by 95 % last month. If daily income of around 12,000 SOL (about $ 2 million) was recorded in February, this number dropped drastically to barely $ 100,000 in March (around $ 100,000).
Raydium introduces adjustments and flexibility with launchlab
Raydium saw Pumpfun’s dwindling performance a chance to offer a more flexible alternative with Launchlab. Not only replicated the existing functions, but also offered more adaptation options for projects that wanted to release their tokens.
The option of choosing a number of price models – including linear and exponential binding curves – was a fascinating aspect.
Launchlab also enables third -party users to create their own fee structures, which enables projects to control greater control when choosing their start -up approach. Launchlab seems to be targeting to achieve more developers using this more open method that previously frightened before using the Pumpfun model due to the system restrictions.
The start of Launchlab seems to be exactly at the right time. While Pumpfun is fighting to remain relevant, Raydium acted aggressively to close a gap in the market. Fascinatingly, Raydium’s decision to bring Launchlab onto the market also influenced the news that Pumpfun developed his own AMM, as we already reported, and thus reduces its dependence on the liquidity provided by raydium.
This leads to a direct conflict between two main actors in the Solana ecosystem and thus to two different results. Should Launchlab be successful in recruiting new projects, the dominance of Pumpfun could be gradually undermined.
The crypto community reacted differently to this message, especially on Solana. While some hope that Launchlab offers more opportunities for new projects, others are skeptical whether the platform will really offer something better than Pumpfun.
At the editorial deadline, Ray’s course was $ 1.94 and has increased by 3.77% in the last 24 hours and 23.05% in the last 7 days.
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