BlockBeats reported on May 13, according to Dune panel data, that the number of tokens graduating from Raydium's token issuance platform LaunchLab in the last 24 hours was 198, surpassing the number of tokens graduating from Pump.fun, which was 171. The vast majority of the 198 graduating tokens came from the meme coin issuance platform Letsbonk.Fun developed in collaboration with BONK and Raydium.
In addition, the Raydium LaunchLab issued 15,558 tokens in the last 24 hours, while Pump.fun issued 23,073 tokens in the last 24 hours.
Raydium's LaunchLabs went live on April 16. According to its mechanism, tokens need to raise 85 SOL (approximately $11,150 at current prices) to 'graduate' and migrate to Raydium's AMM liquidity pool for trading. On the Pump.fun platform, when a token's market capitalization reaches about $69,000 (or the equivalent in SOL), its liquidity is automatically migrated to PumpSwap.
