KEYTAKEAWAYS
- LaunchLab is Raydium's MEME Weapon
- Raydium and Pump.fun: From Deep Cooperation to Full Competition
- There are already several multi-chain Launchpads in the market, such as Four.MEME, Seedify.fund, and Polkastarter
CONTENT
On March 19, 2025, competition within the Solana ecosystem intensified once again. Raydium, a leading decentralized exchange (DEX) on Solana, announced the launch of a brand new token issuance platform called LaunchLab, directly challenging the popular Meme coin launch platform Pump.fun. This move not only marks the end of the informal cooperation between Raydium and Pump.fun but also signals the intensification of the “pie-grabbing war” within the Solana ecosystem.
LAUNCHLAB IS RAYDIUM’S MEME WEAPON
LaunchLab is Raydium’s new token issuance platform designed to provide more flexible and diverse token issuance mechanisms for projects in the Solana ecosystem. Similar to Pump.fun, LaunchLab allows users to create and issue tokens through simple operations, but it offers more powerful features, providing a combined bonding curve that incorporates linear, exponential, and logarithmic elements to match token demand and price. Additionally, LaunchLab allows third-party user interfaces to set their own fees, further enhancing the platform’s flexibility and customizability.
The background of Raydium’s LaunchLab launch can be traced back to the rise of Pump.fun. As Solana’s most popular Meme coin launch platform, Pump.fun’s token issuance mechanism is divided into two phases: first, the “internal market” phase, which relies on its own Bonding Curve mechanism for transaction matching; when trading volume reaches $69,000, tokens enter the “external market” phase, where liquidity is migrated to Raydium’s trading pools.
However, as Pump.fun announced the development of its own automated market maker (AMM), Raydium’s revenue source was seriously threatened. According to Blockworks Research data, over the past 30 days, Pump.fun’s Meme coins accounted for 41% of Raydium’s transaction fee revenue. Therefore, Raydium’s launch of LaunchLab is not only a response to Pump.fun but also a move to consolidate its position in the Solana ecosystem.
RAYDIUM AND PUMP.FUN: FROM DEEP COOPERATION TO FULL COMPETITION
The relationship between Raydium and Pump.fun was once mutually beneficial. Pump.fun relied on Raydium’s liquidity pools to complete the “external market” transactions of tokens, while Raydium earned considerable income from these transactions. However, with Pump.fun announcing the development of its own AMM, this cooperative relationship was completely broken. Pump.fun’s AMM will allow its tokens to complete liquidity migration internally, no longer relying on Raydium’s liquidity pools. This means Raydium will lose a significant amount of transaction fee income from Pump.fun.
Raydium’s response strategy is to launch LaunchLab, directly competing with Pump.fun. LaunchLab not only provides features similar to Pump.fun but also attracts more projects through more flexible bonding curves and fee structures. This move by Raydium is seen as a “counter-attack” against Pump.fun, aiming to capture market share by offering more powerful features.
COMPARISON WITH LEADING MULTI-CHAIN LAUNCHPAD MECHANISMS
In the token issuance platform arena, Raydium LaunchLab is not alone. There are already several multi-chain Launchpads in the market, such as Four.MEME, Seedify.fund, and Polkastarter. These platforms each have their own characteristics, but Raydium LaunchLab, with its unique mechanisms and support from the Solana ecosystem, is poised to carve out its own place in the competition.
- Four.MEME: Known for its lowest token issuance costs and fair issuance model, particularly suitable for Meme coin projects with limited initial capital. However, Four.MEME lacks a strong vetting mechanism, increasing the risk of scams and low-quality projects.
- Seedify.fund: Focuses on blockchain games and metaverse projects, adopting a tiered allocation system where users gain access to token sales by staking SFUND tokens. Seedify.fund’s strength lies in its strong community support and project review process.
- Polkastarter: As a cross-chain Launchpad, Polkastarter supports multiple blockchain networks, allowing projects to conduct token sales on different chains. Its fixed swap pool mechanism provides users with an efficient trading experience.
In comparison, Raydium LaunchLab’s advantage lies in its deep integration with the Raydium DEX. LaunchLab not only provides customized bonding curves and flexible fee structures but also allows projects to directly connect to Raydium’s liquidity pools, ensuring tokens can immediately gain liquidity after issuance. This integration gives LaunchLab a unique competitive advantage within the Solana ecosystem.
THE IMPACT OF RAYDIUM LAUNCHLAB ON THE SOLANA ECOSYSTEM
The launch of Raydium LaunchLab is not only a response to Pump.fun but also a manifestation of intensified competition within the Solana ecosystem. As Pump.fun and Raydium directly compete in the token issuance field, innovation and user experience within the Solana ecosystem are expected to further improve. However, this competition may also lead to liquidity fragmentation, affecting the stability of the entire ecosystem.
For investors and project developers, the launch of Raydium LaunchLab provides more choices. Investors can participate in more high-quality Meme coin projects through LaunchLab, while developers can leverage its flexible issuance mechanisms and strong liquidity support to quickly launch and promote their tokens.
The launch of Raydium LaunchLab marks the beginning of a new phase of competition within the Solana ecosystem. As Pump.fun and Raydium directly confront each other in the token issuance arena, innovation and user experience within the Solana ecosystem are expected to further improve. However, the potential risks of liquidity fragmentation and ecosystem resource competition cannot be ignored.
Whether Raydium LaunchLab can stand out in the competition will depend on its ability to attract more high-quality projects and users, and build strong community support within the Solana ecosystem. Regardless, this “civil war” within the Solana ecosystem will undoubtedly bring more exciting stories and opportunities to the crypto world.
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