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By Shaurya Malwa|Edited by Parikshit Mishra
Mar 19, 2025, 7:08 a.m. UTC
- Solana-based decentralized exchange Raydium is launching its own token issuance platform, LaunchLab, to increase revenues and user base.
- Raydium’s native RAY tokens have seen a 13% increase in the past 24 hours, outperforming the broader market.
- LaunchLab will offer three types of bonding curves for token pricing and allow third-party UIs to set their fees.
Solana-based decentralized exchange Raydium is set to start its own token issuance platform in the coming weeks to drive more revenue to the already-popular trading service.
Raydium’s native RAY token is up 13% in the past 24 hours, beating a 1.62% gain in the broader market tracked by the CoinDesk 100 (CD100) index.
STORY CONTINUES BELOW
Raydium’s LaunchLab will initially resemble the hit token issuance platform Pump.Fun, Blockworks first reported. Though developers say it will have several added features that make it more appealing for token launches.
LaunchLab will have three types of bonding curves that match demand and price for a token and will let third-party UIs set their fees. A bonding curve is an automatic system that adjusts prices as tokens are bought or sold on DEXs.
Raydium developer @0xINFRA said in an X post that the service could be easily added to applications that already use Raydium’s existing services — such as AMM v4, CP-Swap, CLMM pools.
“We’re not here to compete with launchpads currently using Raydium — LaunchLab makes on-chain token launches easier for teams, offering a neutral, permissionless infra,” he said.
Raydium is currently generating over $1 million in fees every day from trading across all its liquidity pools, not just those of Pump.fun tokens. However, over 30% of Raydium’s daily trading volume came from Pump.fun tokens as of February, according to a Dune dashboard.
Pump.Fun, which lets anyone issue a token for less than $2 in capital, after which they choose the number of tokens, theme, and meme picture to accompany it. These tokens are automatically listed for trading on Raydium after reaching a $69,000 market capitalization.
But, in late February, Pump.Fun apparently moved away from using Raydium as its migration platform by launching its AMM tool (meaning tokens would be available for further trading on Pump instead of Raydium).
The two teams do not have an official partnership in place and haven’t publicly commented on the recent developments.
Meanwhile, @0xINFRA shut down early rumors of LaunchLab being a mere Pump.Fun fork.
“Not a Pump fork, LaunchLab’s PoC UI mimics it for familiarity, but it’s far more versatile,” he said in the X post. “It’s the first of a tool suite—more models in progress to tackle diverse liquidity needs. Open to feedback and collabs for custom models. Not about stealing Pump’s users—it’s about enriching Solana,” he added.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
