Raydium is launching a platform similar to "pump.fun" called LaunchLab

BlockBeats News, March 19th, Raydium is launching a token launch platform similar to pump.fun, named LaunchLab. The LaunchLab platform, when announced, comes less than a month after the popular Solana meme coin launchpad pump.fun hinted at developing its own AMM.

This effectively ends the informal partnership between pump.fun and Raydium. LaunchLab will offer linear, exponential, and logarithmic bonding curves to match token demand and price. It will also allow third-party UIs to set their own fees.

When pump.fun's token reaches a market cap of $69,000, a portion of liquidity will be deposited into the Raydium pool and burned. According to Blockworks Research data, in the past 30 days, pump.fun's meme coin represented 41% of Raydium's trading fee revenue. Raydium's native token plummeted 25% in February as investors anticipated a significant revenue drop once pump.fun started migrating tokens to its in-house AMM.

Despite the flash crash, according to Blockworks Research data, Raydium still holds around $168 million in its balance sheet. The benefit of having ample funds is that it allows the company to act swiftly, such as abruptly developing a branch of pump.fun.