Raydium Launches Token Launchpad Named LaunchLab as Direct Fork of Pump.fun
Raydium, a Solana DEX and automated market maker, is launching a token launchpad named LaunchLab. Key points include:
- LaunchLab will initially function as a fork of pump.fun.
- It features bonding curves (linear, exponential, logarithmic) to align demand and price for tokens.
- Third-party UIs can set their own fees.
- Tokens reaching a $69,000 market cap will see liquidity deposited into Raydium's trading pool and subsequently burned.
- Pump.fun tokens accounted for 41% of Raydium's swap fee revenue in the past month.
- Raydium's native token dropped 25% in February amid concerns over revenue loss from pump.fun migrating to its own AMM.
- Despite fluctuations, Raydium has approximately $168 million in assets.
- LaunchLab aims to provide an alternative for teams not wanting to develop independently and supports multiple quote tokens.
- This platform is part of a larger initiative for new token creation tools by Raydium.