Raydium Launches Token Issuance Platform as RAY Token Surges 13%
Raydium, a decentralized exchange on Solana, will launch its own token issuance platform, LaunchLab, to enhance revenue. Key points include:
- RAY token increased by 13% in the past 24 hours, outperforming the CoinDesk 100 index.
- LaunchLab resembles Pump.Fun but includes additional features for token launches.
- The platform will offer three bonding curves to adjust prices based on demand.
- Integration with existing Raydium services is straightforward for developers.
- Current daily fees exceed $1 million, with over 30% from Pump.Fun tokens as of February.
- Pump.Fun allows token issuances under $2 with automatic listing upon reaching a $69,000 market cap.
- Pump.Fun has recently shifted away from Raydium, launching its own AMM tool.
- Raydium emphasizes that LaunchLab is not a direct competitor to Pump.Fun.
Developer @0xINFRA clarified that LaunchLab aims to diversify liquidity options and is open to feedback for further development.