Raydium LaunchLab’s Bold Token Strategy: 3,792 Tokens Launched, Only 43 Graduate

Raydium’s LaunchLab, launched on April 16, 2025, has facilitated the creation of 3,792 tokens, yet a mere 43 have advanced to external trading—a graduation rate of just 1.13%. The platform aims to attract serious creators with enhanced features including flexible bonding curves, no migration fees, and, most notably, the JustSendIt feature introduced on April 17, 2025, which instantly transfers liquidity to its Automated Market Maker once a token’s market cap reaches a predefined threshold. In contrast, PumpFun remains the dominant player on Solana, offering a faster and less curated token creation experience, recently even reviving its livestream feature for a segment of its users. Despite Raydium’s innovation and recent accolades, such as being named ‘Coin of the Day’ by CoinCodex after an 8.81% surge in 24 hours, the market sentiment remains mixed with technical indicators displaying bearish tendencies. This juxtaposition of innovative token launch features against low graduation success has raised questions about the quality and long-term viability of the tokens produced.