Raydium, a prominent decentralized exchange (DEX) on Solana, has made a significant move by launching its token creation platform, LaunchLab. This launch is a direct challenge to Pump.fun, another major player in the Solana ecosystem. The LaunchLab platform offers a seamless on-chain token creation process with integration into Raydium’s automated market maker (AMM), enabling tokens to start trading immediately after launch.
Raydium’s LaunchLab platform allows third-party platforms to set custom transaction fees and features a referral program that rewards users in SOL. With this new platform, Raydium has transitioned from being a backend liquidity provider for meme coin launches to offering its own launchpad infrastructure. LaunchLab offers two modes for token launches: a customizable feature for more complex projects and a simplified “JustSendIt” mode.
In the “JustSendIt” mode, users can launch a token, and once a certain amount of SOL is raised through a bonding curve, liquidity is automatically migrated to a Raydium pool, LP tokens are burned, and trading continues seamlessly. The platform aims to be fast, permissionless, and frictionless, with no migration fees involved.
The trading fee structure on LaunchLab includes a 1% base fee, with 50% going to a community pool, 25% to $RAY token buybacks, and 25% to infrastructure and operations. Creators can also choose to earn 10% of trading fees from their token’s AMM pool after launch to incentivize long-term development and sustainability.
Additionally, LaunchLab introduces a referral program that rewards wallets referring new users with 10 basis points of swap volume, automatically airdropping SOL to encourage platform growth. For developers, LaunchLab offers integrated token visibility across multiple terminals and apps to streamline distribution from the start.
The launch of LaunchLab comes amid an intensifying rivalry in the Solana DEX ecosystem, with Pump.fun’s PumpSwap gaining traction since its launch in March. PumpSwap has processed billions of dollars in trades and recorded millions of daily swaps, showcasing its rapid growth in a short period.
As competition in the Solana DEX space heats up, Raydium’s LaunchLab positions itself as a direct competitor in the token launch space. By offering a seamless and customizable token creation process, Raydium aims to capitalize on the momentum of Pump.fun while reinforcing its presence in the ecosystem.
Overall, Raydium’s LaunchLab represents a shift towards decentralized, user-centric DeFi infrastructure that prioritizes speed, transparency, and community incentives. This trend highlights the ongoing evolution of the crypto industry towards more innovative and efficient decentralized project launches.