Raydium LaunchLab 24-Hour Graduation Token Volume Surpasses Pump.fun, Totaling 198 Graduates

BlockBeats News, May 13th, according to Dune Analytics data, the Raydium-backed token launch platform LaunchLab has seen a graduation of 198 tokens in the past 24 hours, surpassing Pump.fun's token graduation count of 171. The majority of the graduated 198 tokens are from the Meme coin issuance platform Letsbonk.Fun, developed in collaboration between BONK and Raydium.

In addition, there have been 15,558 tokens issued in the past 24 hours on Raydium's LaunchLab, compared to 23,073 tokens issued in the past 24 hours on Pump.fun.

Raydium's LaunchLabs went live on April 16th, and according to its mechanism, tokens need to raise 85 SOL (approximately $11,150 at the current price) to "graduate" and move to Raydium's AMM liquidity pool for trading. On the Pump.fun platform, when a token's market cap reaches around $69,000 (or the equivalent in SOL), its liquidity will automatically migrate to PumpSwap.