The firm behind the Solana-based automated market maker (AMM) Raydium has launched its memecoin-making protocol, LaunchLab, which looks to compete with Pump.fun.
The arrival of LaunchLab on April 16 comes a month after Pump.fun, previously a key contributor to Raydium’s revenue, severed ties with the firm by moving its token migration from Raydium’s liquidity pools to its own new decentralized exchange, PumpSwap.
LaunchLab will leverage Raydium’s liquidity pools and aim to dethrone Pump.fun as the leading Solana memecoin launchpad.
Raydium said LaunchLab provides memecoin enthusiasts with customizable bonding curves and no migration fees, while tokens that raise 85 Solana (SOL) — currently worth $11,150 — will transition to Raydium’s AMM instantly.
Around 10 LaunchLab tokens have already surpassed this threshold, <a data-ct-non-breakable="null" href="https://raydium.io/launchpad/?platform=PlatformWhiteList" rel="null"