Raydium's LaunchLab Challenges PumpFun as RAY Token Surges 8%, TIME Hits $4M Market Cap

48 posts • Grok (2)

Updated Apr 16, 2025, 06:48 PM

Raydium, a leading decentralized exchange on the Solana blockchain, has launched LaunchLab, a new token launchpad designed to compete directly with PumpFun. LaunchLab features advanced options such as custom bonding curves, no migration fees once tokens reach 85 SOL, and a fee structure that includes 10% creator fees and 25% of trading fees being used to repurchase RAY tokens. The launch of LaunchLab comes in response to PumpFun's recent move to its own decentralized exchange, PumpSwap, which has seen significant growth, reaching a 24-hour trading volume of $551.29 million and processing $2.3 billion in trades last week. PumpSwap has also made it into the top 5 DEXes by 24-hour volume. This competitive move by Raydium aims to reclaim market share in the token launch space. LaunchLab has already seen activity with tokens like TIME reaching a market cap of $4 million, alongside other tokens achieving market caps above $300,000 and $100,000. The platform has facilitated the graduation of 25 tokens so far, with 275 tokens graduated today and a total of 42,140 tokens launched. TIME has been identified as the clear winner on the platform. LaunchLab is fully integrated with Banana Gun telegram bot and Banana Pro, enhancing its functionality within the Solana ecosystem. Following the announcement, the RAY token experienced an 8% increase in value, with a further rise to 14% in a day, reflecting positive market sentiment towards Raydium's strategic expansion into the token launch sector. This development is seen as a part of the ongoing competition within Solana's DeFi ecosystem, which continues to evolve and expand.

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#Raydium #Solana #LaunchLab #PumpFun #PumpSwap #TIME #Banana Gun #Banana Pro #DeFi

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Sources

pump.fun(6)raydium.io(3)theblock.co thedefiant.io

crypto.news

@cryptodotnews

ICYMI: @RaydiumProtocol dropped LaunchLab — a new token launchpad to rival Pumpfun 💊 ☀️ Hit 85 $SOL → auto-migrate to AMM 📈 Creators earn fees 💰 25% of trading fees → $RAY buybacks Launch tokens. JustSendIt™ style. https://t.co/gKUde54fZf

MinisterOfNFTs 🔮

@MinisterOfNFTs

So Raydium just launched LaunchLab, a Pumpfun competitor. a community driven token launchpad on Solana with customizable bonding curves and instant liquidity. the trenches are healing 🙏 https://t.co/PCSMS2FKuY

Bitso

@Bitso

$RAY goes all out: +14% in one day 🔥 Have you seen it yet? You can buy your first RAY directly from your wallet with digital dollars. 😎 https://t.co/Dg3QJezLKT