Raydium launches LaunchLab token launchpad to revive the weakening Solana ecosystem

The Solana ecosystem may continue to advance and grow as Raydium launches a token launchpad called LaunchLab. This move is expected to revive the weakening Solana ecosystem at this time.

The Solana ecosystem may continue to advance and grow as Raydium launches a token launchpad called LaunchLab. This move is expected to maintain the weakening Solana ecosystem at this time.

Raydium strikes back at Pump.fun with LaunchLab

Raydium is developing a new platform, LaunchLab, to compete with pump.fun in the memecoin space. Although specific details have not been officially announced, the platform is expected to allow users to easily and quickly create and trade meme coins. Notably, this move by Raydium comes shortly after pump.fun revealed its plans to build its own exchange for meme coins originating from its platform. This suggests that the once-friendly relationship between Raydium and pump.fun may be coming to an end, as pump.fun seeks to expand its influence in the market and on the Solana blockchain.

However, Raydium is also expanding its services to meet the growing demand for meme coins within the crypto community. The development of a competing platform against pump.fun could foster greater competition in the memecoin space, driving innovation and providing users with more choices.

The tied friendship between pump.fun and Raydium is over!

Pump.fun is a platform on Solana that allows users to easily create and launch memecoins (fun, trend-based tokens). When a meme coin on Pump.fun reaches a certain market cap (typically $69,000), it is automatically transferred to Raydium to create a liquidity pool and officially begin trading. Raydium is a leading decentralized exchange (DEX) and automated market maker (AMM) on Solana. This enables Pump.fun to leverage Raydium’s robust liquidity infrastructure. Meanwhile, Raydium benefits from the trading volume and fees generated by these new meme coin.

Source: SolanaFloor

However, this relationship isn’t entirely symbiotic. Raydium relies on Pump.fun as a source of memecoins to sustain active trading. The reason is the meme coin craze has significantly boosted revenue for both platforms. Conversely, Pump.fun initially needed Raydium to provide liquidity, but recent reports suggest that Pump.fun is developing its own AMM (tentatively called “amm.pump.fun”). If this comes to fruition, Pump.fun could reduce its dependence on Raydium, retaining liquidity and trading fees for itself instead of transferring tokens to Raydium as before.

Learn more: Pump.fun Revenue Declining – Is Liquidity Flowing to BNB Chain?

The golden age of pump.fun and Raydium

The partnership between Raydium and pump.fun on Solana was established in early 2024. This was one of the most successful “symbiotic” relationships in the history of the cryptocurrency industry and on Solana ecosystem. At the time, the memecoin craze generated massive trading volumes and significant revenue for both platforms. According to Blockworks, despite the memecoin sector declining significantly in February and March 2025, memecoins from pump.fun still accounted for 41% of the total swap fee revenue on the DEX. Raydium’s total revenue for 2024 reached an impressive $154 million. And of course, the growth of these two platforms also brings a massive influx of users to the Solana ecosystem, positioning Solana as a strong competitor to Ethereum at that time.

Source: DefiLlama

During its peak from December 2024 to January 2025, pump.fun generated daily revenues of $3-5 million, with an ATH of $15 million per day when the community rushed to trade meme coins TRUMP and MELANIA. Similarly, Raydium also recorded its highest-ever revenue from fees during this period.

With the growing competition between Raydium and Pump.fun, many are excitedly anticipating what’s coming next. More importantly, this rivalry is drawing even more users into the Solana ecosystem. Previously, this Layer 1 blockchain benefited greatly from the memecoin wave in 2024, especially with the launch of Pump.fun and Raydium. As a result, Solana is set to further strengthen its position and continue its growth.