Raydium has officially expanded its LaunchLab platform to support any token pair on Solana, allowing newly launched tokens to be paired with any supported quote token instead of a fixed quote asset. The upgrade was announced on September 7, 2026, and LaunchOnSF’s StonkFun has become the first integration partner to bring the feature live.
The new model gives creators the ability to select a custom quote token for a LaunchLab deployment, enabling communities to build markets around assets beyond standard quote tokens. Raydium described the feature as launching “any token, paired with any quote token,” and said it brings more flexible token pairing, deeper liquidity, and lower fees for memecoin trading on Solana.
LaunchOnSF confirmed that integrating the feature required changes across Raydium’s programs, trading terminals, and aggregators to support custom quote and reward tokens. The integration covers permissionless deployments, bonding curves, and constant product market maker pools. Through StonkFun, deployment costs have fallen to 0.03 SOL from 0.29 SOL, and liquidity provider fees can be directed back into liquidity. Developers can also construct transactions themselves without using the StonkFun API.
The update comes more than a year after Raydium first disclosed LaunchLab in March 2025, following Pump.fun’s move to its own PumpSwap exchange. Raydium originally introduced LaunchLab with customizable bonding curves, no migration costs, and a 1% trading fee, with 25% of trading fees used to buy back RAY. Since then, Raydium has remained a major Solana trading venue, processing $352.8 billion in execution layer DEX volume across 2025. On August 21, 2026, daily DEX volume on Solana reached about $2.8 billion, with Raydium handling roughly $260 million.
In a separate milestone, LaunchOnSF has surpassed both Pump.fun and Hyperliquid in 24-hour revenue, according to a report by CryptoTwitter commentator @SolanaFloor. StonkFun had earlier reported more than $392 million in total trading volume, including about $219 million routed through Raydium, $1.21 million in revenue, and over $5.35 million in ecosystem rewards. The platform also spent more than $705,000 on buybacks and burns of its ecosystem token. Traders and analysts are watching whether this revenue shift leads to increased user adoption and competitive pressure across Solana launchpads and DEXs.
The upgrade and integration are viewed as a positive development for Raydium’s native token RAY, as increased volume and fees through LaunchLab could strengthen buyback and burn dynamics while reinforcing Raydium’s position in the memecoin trading sector.
