28 Mar 2025

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RAY Surges 12% Following News of a Pump.fun Competitor

RAY Surges 12% Following News of a Pump.fun Competitor

Raydium has announced LaunchLab, its own token launch platform within the Solana ecosystem. Following the news, RAY surged over 12% in a day.

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LaunchLab is designed as a direct competitor to the popular memecoin launchpad Pump.fun.

The new platform will feature various bonding curve models to dynamically adjust token pricing based on real-time demand. Moreover, it will enable third-party developers to configure custom fee structures, offering greater flexibility for token launches. The news was reported by Blockworks, citing an anonymous Raydium contributor.

LaunchLab Details

The development of LaunchLab took several months. However, its release became a priority following news of Pump.fun’s upcoming automated market maker (AMM). Notably, Pump.fun tokens that reach a $69,000 market cap automatically receive a share of liquidity in Raydium’s trading pool, with a portion of those tokens burned afterward.

Not about stealing Pump's users—it’s about enriching Solana. Targets teams (esp Web2) craving a plug-and-play launchpad and Pump users preferring Raydium’s AMM v4 over Pump’s new AMM,

Raydium contributor Infra wrote on X.

Read more: Raydium Dominates the DEX Market

RAY Price Reaction and Key Takeaways

Following the LaunchLab announcement, Raydium’s native token RAY—traded on major exchanges like Binance, OKX, and Kucoin—surged over 12% within 24 hours at the time of writing. 

RAY/USDT M15 Chart - The Coinomist
RAY/USDT M15 Chart. Source: Kucoin

As one of the leading automated market makers (AMMs) in the Solana ecosystem, Raydium continues to enhance its platform. The LaunchLab release aims to provide a seamless toolkit for developers and startups, enabling them to launch tokens efficiently without the need for custom technical solutions.

You might also like: Solana App Revenues Jump 213 Percent in Q4—Messari Reports Strong Growth

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