Raydium LaunchLab created 3761 tokens in 5 days, with a graduation rate of only 1.12%

According to Dune data, since its launch on April 16, Raydium LaunchLab has created a total of 3,761 tokens, of which only 42 have been successfully listed

Raydium LaunchLab, a program designed to support new tokens, has seen a low graduation rate despite a large number of tokens being created.

According to a report by ChainNews, data from Dune Analytics shows that since its launch on April 16, Raydium LaunchLab has created a total of 3,761 tokens, of which only 42 have been successfully listed on the external trading market, with a graduation rate of 1.12%. This is despite the fact that the tokens generated by LaunchLab are usually included in the DEFI tokens on platforms like Token Terminal and CoinGecko.

According to CCN, the Supreme Court of India recently rejected a petition by 54 victims of the WazirX hacking case due to the lack of a clear regulatory framework for cryptocurrencies.

The case involved user funds on the Indian cryptocurrency exchange WazirX being stolen by hackers in August 2022, with a total loss of about 235 million USD. The platform is currently undergoing court-supervised restructuring in Singapore, and users are expected to recover only 45%-50% of their losses at most.

The victims appealed to the Supreme Court to order the Economic Times to publish an advertisement to collect contact information from other victims, hoping to form a collective force to apply pressure on the regulatory agencies. However, the Supreme Court pointed out that the lower court had already dismissed the case and suggested that the victims appeal to relevant regulatory agencies.