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Solana-based decentralized exchange (DEX) Raydium plans to roll out its own meme coin launchpad to compete directly with Pump.fun.
The move by Raydium comes around a month after it was found that Pump.fun was working on its own automated market maker to potentially replace Raydium.
Raydium Launchpad Pad Will Reportedly Be A Fork Of Pump.Fun
Raydium’s planned meme coin launchpad will reportedly be called “LaunchLab” and will essentially be a fork of Pump.fun with a few differences.
The new platform will feature a logarithmic bonding curve similar to Pump.fun. However, it will also allow third party user interfaces to set their own fees and have direct access to Raydium’s liquidity pools.
my thoughts on raydium launching its own version of pump fun:
LaunchLab isn’t just a pump fun clone—it offers more features:
– multiple quote tokens (not just SOL)
– bonding curves
– integration with Raydium’s liquidity lockers
So it’s an upgrade, not just a copyRaydium… pic.twitter.com/0U1Wt0fayL
— Arif Kazi (@arifkazi_) March 19, 2025
Raydium’s plans to launch its own meme coin comes amid risks that the Solana-housed DEX will lose 35% of its revenue if Pump.fun launches its own automated market maker.
Following the news, Raydium’s native RAY token saw its price surge. CoinMarketCap data shows that the altcoin is up more than 12% on the 24-hour time frame to trade at $1.86 as of 1:37 a.m. EST.
The gain by RAY added to its positive weekly performance. As a result, the crypto is up more than 23% over the past 7 days.
Number Of Tokens Created Daily On Pump.Fun Plunges
Raydium’s move also comes amid a drop in meme coin activity on Pump.fun. Data from Dune Analytics shows that the number of new tokens created in a day on the platform has fallen from over 59K in late January to under 30K.
Along with the drop in the number of new tokens created daily, trading volumes have also dwindled on Pump.fun. After reaching a peak above $3.3 billion on Jan. 20, trading activity has fallen to below $900 million in the last few days.
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