- Raydium plans to launch a LaunchLab site.
- Factually a fork of pump.fun, but with additional features.
- A spokesperson for the exchange says the project aims to enrich the Solana ecosystem and provide a simple solution for launching memcoins.
- It was previously reported that pump.fun plans to replace AMM Raydium with its own.
This was announced by a project participant under the pseudonym InfraRAY.
This was originally reported by Blockworks, citing the same source. In a post on its X page, InfraRAY emphasized that it is not a competitor to pump.fun.
LaunchLab will offer linear, exponential and logarithmic relationship curves that form the price of a token depending on the demand for it. There will also be several assets available for quotes on the platform, including stablecoins.
In addition, developers will be able to set their own commissions. At the same time, InfraRAY does not hide the fact that in general the project is a fork of pump.fun, but, according to him, it is done for convenience, and the platform will get a number of additional features;
In addition to direct access to liquidity pools, the platform will offer an LP-locker for Fee Key NFTs, which will block possible swap fee increases. InfraRAY said they are open to suggestions for additional liquidity models.
Blockworks said LaunchLab had been in development for "several months." According to the publication, the project was postponed to "not raise tensions".
But after information surfaced about pump.fun developing its own automated market maker (AMM), it seems the project has been unfrozen. Recall that InfraRAY declared that abandoning Raydium's services would be a strategic mistake.
"What is it for? Not to steal pump.fun users, but to enrich Solana. The project is aimed at teams (especially Web2) hungry for a "Plug and Play" launchpad, and at those pump.fun users who prefer Raydium's AMM v4 over the platform's new AMM. Neutral, seamless, in no way a zero-sum fight," InfraRAY stated.
According to a Raydium spokesperson, this is only the first product in a chain of new solutions from the token creation and promotion exchange. The release of the platform is expected in the coming weeks.
Richard Galvin, co-founder of Digital Asset Capital Management, commented on the situation. He sees the situation as follows:
"Pump.fun made the mistake of trying to get the upper hand on Raydium, while Raydium was always best positioned to launch a competing, lower-cost meme startup. Maybe Raydium played it smart, avoiding what appears to be a losing move - until pump.fun forced its party on them. If Raydium succeeds, it will be good for RAY, but also good for cryptocurrencies.".
At the moment, the RAY token jumped significantly on the back of the news. Its rate broke through the $2 mark, after which it retreated:
The two platforms are closely linked. The daily commission volume on Raydium is about $1 million. According to the Dune Analytics dashboard, pump.fun tokens account for 30% to 40%.
What is Pump.fun?
Pump.fun is a platform for trading and creating meme tokens on the Solana and Blast blockchains. Launched in January 2024, it quickly gained popularity for enabling users to create meme coins without initial liquidity for a fee of 0.02 SOL. The service guarantees that all meme coins are launched without pre-sales or team allocations to prevent speculation and fraud.
Once a meme coin is created, trading begins. If enough users buy the token and its market capitalization reaches $69,000, Pump.fun automatically halts trading and transfers the asset to a liquidity pool on Raydium. For tokens on the Blast network, the market cap requirement is $420,000 before liquidity is deposited on Thruster DEX.
As of now, the platform is privately managed by its anonymous founders but received early support from the venture firm Alliance DAO.
