RAY Surges Over 22% in 24 Hours, Currently Trading at $2.088

BlockBeats News, March 19th, according to HTX market data, RAY surged over 22% in the past 24 hours, currently trading at $2.088.

Earlier today, Raydium announced the launch of a token launch platform similar to pump.fun, named LaunchLab. The unveiling of this platform named LaunchLab comes less than a month after the popular Solana meme coin launchpad pump.fun was reported to be 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 pricing. It will also allow third-party UIs to set their own fees.