Memecoin Arena - Raydium的戰略樞軸

Solana生態系統是分散融資（DEFI）創新的溫床，目睹了一個引人入勝的發展：據報導，Raydium是一個基石分散交易所（DEX），正計劃啟動競爭對手的Memecoin Launchpad，“ LaunchLab”，“ LaunchLab”，以直接與受歡迎的泵競爭。

In a surprising turn of events within the Solana ecosystem, renowned decentralized exchange (DEX) Raydium is reportedly planning to spin out a rival memecoin launchpad, named “LaunchLab,” to directly compete with the widely recognized Pump.fun. This move follows Pump.fun’s indication that it might switch to a different automated market maker (AMM) from Raydium, the DEX that largely propelled the platform’s success.

據報導，著名的分散交易所（DEX）Raydium計劃在索拉納生態系統內發生了令人驚訝的事件，據報導，計劃拆分一個名為“ LaunchLab”的競爭對手Memecoin Launchpad，以直接與廣受認可的Pump.Fun競爭。此舉遵循Pump.Fun的跡象表明，它可能會切換到Raydium的另一家自動化做市商（AMM），Raydium是DEX，在很大程度上推動了該平台的成功。

This development unfolds as Pump.fun has emerged as a significant contributor to Raydium’s revenue, particularly in early 2024. With over 35% of Raydium’s revenue attributed to Pump.fun’s activities, the platform has become a key focus for the DEX. However, Pump.fun’s recent consideration of a custom-built AMM, potentially replacing Raydium, has led to a strategic response from the exchange.

隨著Pump.Fun的出現，這一開發的發展是Raydium收入的重要貢獻，尤其是在2024年初。由於Raydium收入的35％以上歸因於Pump.Fun的活動，該平台已成為DEX的關鍵重點。但是，Pump.Fun最近考慮的定制AMM可能取代了Raydium，這導致了交易所的戰略反應。

This scenario highlights the delicate balance between collaboration and competition among DeFi platforms, where they often rely on each other for optimal liquidity and user adoption.

這種情況突出了Defi平台之間的協作與競爭之間的微妙平衡，在那裡他們經常相互依靠以獲得最佳的流動性和用戶的採用。

Despite the potential change, Pump.fun remains a valuable partner for Raydium. In 2024, the DEX generated approximately $154 million from swap revenue, highlighting the robustness of its trading activity and liquidity pools. With daily revenue projected to reach $1 million, Raydium stands as a highly profitable entity in the Solana ecosystem.

儘管有潛在的變化，泵仍然是Raydium的寶貴合作夥伴。 2024年，DEX從交換收入中產生了約1.54億美元，突出了其貿易活動和流動性池的穩健性。由於預計每日收入將達到100萬美元，Raydium代表了Solana生態系統中有利可圖的實體。

This financial strength provides Raydium with the resources and leverage to launch “LaunchLab” as a full-fledged competitor to Pump.fun. The ability to invest in new ventures and adapt to market changes is crucial for maintaining a competitive edge in the rapidly evolving DeFi landscape.

這種財務實力為Raydium提供了資源和槓桿作用，以啟動“啟動行”作為全面的競爭對手pump.fun。投資新企業並適應市場變化的能力對於在快速發展的Defi景觀中保持競爭優勢至關重要。

As reported by Blockworks, “LaunchLab” will be a fork of Pump.fun, encompassing similar features such as a logarithmic bonding curve. However, “LaunchLab” will introduce key differences, including the ability for third-party user interfaces (UIs) to set fees and direct access to Raydium’s liquidity pools.

正如Blockworks報導的那樣，“啟動行”將是泵的叉子。FUN，包括類似的功能，例如對數粘合曲線。但是，“ LaunchLab”將引入關鍵差異，包括第三方用戶界面（UIS）設置費用並直接訪問Raydium的流動性池的能力。

These modifications aim to address potential limitations of Pump.fun and provide greater flexibility and control for users and developers. By offering third-party UIs the ability to set fees, Raydium is fostering a more decentralized and competitive environment.

這些修改旨在解決泵的潛在局限性，並為用戶和開發人員提供更大的靈活性和控制。通過提供第三方UIS設定費用的能力，Raydium正在培養一個更加分散和競爭的環境。

The logarithmic bonding curve, a mathematical model used to determine the price of tokens, is a central feature of both Pump.fun and “LaunchLab.” This model ensures that the price of tokens increases as more tokens are purchased, creating a dynamic and transparent pricing mechanism.

對數鍵合曲線是一種用於確定令牌價格的數學模型，是pump.fun和“ aunpentlab”的核心特徵。該模型可確保隨著購買更多令牌的價格，代幣的價格會上漲，從而創造了一種動態和透明的定價機制。

The bonding curve plays a crucial role in memecoin launches, as it provides a predictable and scalable way to manage liquidity and price discovery.

粘結曲線在Memecoin發射中起著至關重要的作用，因為它提供了一種可預測且可擴展的方式來管理流動性和價格發現。

Core contributor InfraRAY stated that it would be a “strategic miscalculation” for Pump.fun to swap out Raydium. This statement highlights the importance of the partnership between the two platforms.

核心貢獻者Infraray表示，泵出來的泵將是“戰略性錯誤計算”。該聲明強調了兩個平台之間合作夥伴關係的重要性。

Raydium’s liquidity and infrastructure provide crucial support for Pump.fun’s operations. The partnership has enabled both platforms to thrive and contribute to the growth of the Solana ecosystem.

Raydium的流動性和基礎設施為泵的運營提供了重要的支持。該合作夥伴關係使兩個平台能夠蓬勃發展，並為Solana生態系統的增長做出了貢獻。

However, Pump.fun’s exploration of a custom-built AMM suggests a desire for greater autonomy and control. This potential shift indicates the competitive dynamics within the ecosystem and the platforms’ constant need to adapt and innovate.

但是，Pump.Fun對定制AMM的探索表明，渴望更大的自主權和控制。這種潛在的轉變表示生態系統內的競爭動態以及平台對適應和創新的不斷需求。

The $69,000 market capitalization threshold, which triggers the automatic transfer of tokens to Raydium, is a critical milestone in the memecoin launch process. This threshold ensures that tokens have sufficient liquidity and trading activity before being listed on Raydium.

69,000美元的市值閾值觸發了代幣到Raydium的自動轉移，這是Memecoin啟動過程中的關鍵里程碑。該閾值確保令牌在雷迪姆（Raydium）上市之前具有足夠的流動性和交易活動。

The mechanism provides a safeguard for users, preventing them from trading in markets with insufficient liquidity or encountering illiquid or potentially fraudulent tokens.

該機制為用戶提供了保障，以防止他們在流動性不足或遇到流動性不足或潛在欺詐令牌的市場上進行交易。

In an interview with Blockworks, core contributor InfraRAY discussed the partnership with Pump.fun and the launch of “LaunchLab.”

在接受BlockWorks的採訪中，Infraray核心貢獻者討論了與Pump.Fun的合作關係和“啟動Lab”的發布。

According to InfraRAY, Pump.fun’s contribution to Raydium’s revenue is a result of the partnership, which began when Pump.fun approached Raydium for liquidity.

根據Infraray的說法，Pump.Fun對Raydium收入的貢獻是該合作夥伴關係的結果，該夥伴關係始於Pump.Fun接近Raydium的流動性。

When asked about the possibility of Pump.fun switching to a different AMM, InfraRAY stated that it would be a “miscalculation” due to the partnership and the role Raydium plays in providing deep liquidity and efficient trading for Pump.fun’s tokens.

當被問及泵的可能性。FUN切​​換到其他AMM時，Infraray表示，由於合作夥伴關係和Raydium在提供深層流動性和高效泵的交易中的作用，這將是“錯誤估計”。

This partnership has been mutually beneficial, with both platforms leveraging each other’s strengths to drive innovation and expand their offerings in the Solana ecosystem.

這種夥伴關係是互惠互利的，兩個平台都利用彼此的優勢來推動創新並擴大在Solana生態系統中的產品。

Moreover, the partnership has fostered a collaborative spirit among the core contributors of both platforms, who are constantly exploring ways to improve the platforms and enhance the overall user experience.

此外，該合作夥伴關係在兩個平台的核心貢獻者中培養了一種協作精神，他們不斷探索改善平台並增強整體用戶體驗的方法。