On March 18, the crypto world welcomed major news: Solana's leading decentralized exchange Raydium (RAY) announced the launch of its own token issuance platform, LaunchLab, directly targeting the meme coin engine pump.fun. According to exclusive reports from Blockworks, this new platform not only replicates pump.fun's core gameplay but also incorporates innovative bonding curve designs (linear, exponential, logarithmic), aimed at providing users with more flexibility and profit opportunities.
This is not just simple imitation. Less than a month after pump.fun announced they were developing their own AMM (automated market maker), Raydium swiftly retaliated, and the launch of LaunchLab marked the end of their 'informal cooperation.' Previously, tokens reaching a market value of $69,000 on pump.fun would automatically connect to the Raydium liquidity pool, but now, Raydium clearly wants to take control of token issuance.
The debut of LaunchLab could reshape the meme coin ecosystem in Solana. Holders might welcome favorable news, while pump.fun's market share faces challenges. The crypto community on X is in an uproar, @DegenerateNews.
As KOLs are widely retweeting and discussing, they say this is an 'escalation of the internal war in the Solana ecosystem.'
Want to know more? The original article from Blockworks has been published; search for 'Raydium is launching its own version of pump.fun' to find out more. Will LaunchLab become the next hot spot or just a flash in the pan? Let's wait and see!
