Raydium has launched LaunchLab, a new protocol designed to rival Pump.fun as a memecoin maker. LaunchLab, which debuted on April 16, offers customizable bonding curves and no migration fees, providing an alternative to Pump.fun, which recently moved its operations to its own decentralized exchange, PumpSwap. LaunchLab utilizes Raydium’s liquidity pools and allows creators to launch tokens for free, with the option to earn 10% of trading fees after the token “graduates” from the platform. The protocol charges a 1% trading fee, with 25% of it used for Raydium buybacks.

This launch follows PumpSwap’s successful growth, breaking its daily trading volume record for five consecutive days, with $460 million traded on April 17. Since its launch on March 22, PumpSwap has processed $7.3 billion in volume. Raydium’s LaunchLab is positioned to challenge Pump.fun’s dominance as a leading Solana-based memecoin launchpad, sparking a near 14% surge in RAY token prices.