Raydium will launch LaunchLab to compete with Pump.fun in the Solana meme coin market

ChainCatcher news, according to Blockworks, the Solana ecosystem decentralized exchange platform Raydium has launched a meme coin issuance platform called LaunchLab. The platform offers linear, exponential, and logarithmic curve pricing models, allows third-party UI customization of fees, supports multiple quote tokens, and integrates Raydium's liquidity locking feature.

Previously, Pump.fun planned to launch its own AMM, reducing reliance on Raydium, which led to a 25% drop in Raydium's native token RAY in February. Raydium core contributors stated that LaunchLab is not intended to replace Pump.fun, but rather to provide more options for teams that do not want to develop contracts on their own.