Raydium LaunchLab Ignites RAY Surge Amid Memecoin Rivalry

Raydium, the largest decentralized exchange (DEX) on Solana by cumulative trading volume, has officially launched LaunchLab, its innovative memecoin and token creation platform. Designed to compete with Pump.fun, LaunchLab integrates directly with Raydium’s liquidity pools and allows third-party platforms to set custom transaction fees. A notable feature of the platform is its mechanism to allocate 25% of transaction fees for buying back RAY, which could impose deflationary pressure on the token. This move comes at a time when Pump.fun had shifted its strategy by launching its own decentralized exchange, PumpSwap, which rapidly amassed significant trading volume. The introduction of LaunchLab has already triggered a strong market response, with RAY recording an 8% increase in the last 24 hours. The development signals Raydium’s intent to regain momentum in Solana’s competitive memecoin ecosystem and attract new developers and creators to its platform.