Raydium is about to launch a new platform called LaunchLab

This platform will let users launch tokens, similar to how Pump.fun works. The idea behind LaunchLab is to help token creators by giving them different ways to set the price of their tokens, this includes bonding curves, which basically adjust how the token price changes based on demand.

Decentralized exchange (DEX) Raydium is set to introduce a new platform called LaunchLab, which will let users launch tokens, similar to how Pump.fun works. The initiative will offer token creators different ways to set the price of their tokens, including bonding curves.

Raydium to Launch Token Launch Platform 'LaunchLab'

Essentially, bonding curves adjust how the token price changes based on demand. According to a report by CryptoSlate, LaunchLab will offer three types of bonding curves: linear, exponential, and logarithmic. This will give creators more control over their tokens.

Furthermore, LaunchLab will allow third-party user interfaces (UIs) to set their own fees, offering more flexibility to those using the platform.

The platform has also ensured that LaunchLab is connected to Raydium’s liquidity provider locker. This means that token issuers can keep earning swap fees forever. So, once you create a token, you won’t have to worry about losing money because of fee changes.

Raydium began working on LaunchLab months ago, but the platform paused it for a while because it didn’t want to compete directly with other platforms. However, once Raydium heard that Pump.fun was planning to develop its own market maker (AMM), the platform decided to continue working on LaunchLab.

“We had started LaunchLab a few months ago, but paused it as we didn’t want to compete with other platforms (e.g., Pump) by making a copy of their product. But when we heard that Pump is planning to develop its own AMM, we decided to continue working on LaunchLab. LaunchLab is not about replacing Pump or any other platform—it’s an alternative for teams who don’t want to build from scratch, and for Pump users who prefer Raydium’s AMM v4 for migrating pools,” explained the platform in a statement.

Moreover, the reason Raydium is pushing for LaunchLab is concerning losing revenue. Currently, Pump.fun tokens make up 41% of Raydium’s revenue. If Pump.fun goes ahead with its own AMM, Raydium could lose up to 35% of its revenue. This is part of the reason why Raydium’s native token, RAY, dropped by 25% in February.

However, following this news, RAY surged 16% from an intraday low of $1.60 to $1.86.

Finally, Raydium sees LaunchLab as a way to help people who want to create tokens without doing everything from scratch. LaunchLab will also support tokens beyond Solana (SOL), which means more options for users.