Raydium正在開發自己的令牌發射台，類似於泵

這來自媒體出版物Blockworks的一份報告，即Raydium的匿名核心貢獻者證實了這一謠言。

Raydium, a decentralized exchange (DEX) and autonomous market maker (AMM) on the Solana ecosystem, is said to be developing its own token launchpad, similar to Pump—which is popularly known as pump.fun.

Raydium是Solana生態系統上的分散交易所（DEX）和自主做市商（AMM），據說正在開發自己的代幣發射台，類似於泵，這通常稱為pump.fun。

This comes after rumors of the new launchpad emerged on X, formerly Twitter. An anonymous core contributor at Raydium confirmed the rumor to media publication Blockworks.

這是在X（以前是Twitter）上出現了有關新的Launchpad的謠言。 Raydium的匿名核心貢獻者證實了媒體出版物Blockworks的謠言。

Rumors of a Raydium token launchpad have been circulating since May, with some speculating that it could be a response to the popularity of Pump.

自5月以來，關於Raydium令牌發射台的謠言一直在流傳，其中一些猜測可能是對泵的普及的回應。

According to the anonymous contributor, they began thinking about building a launchpad months ago but did not move forward because it “didn’t want to feel like we were competing with [Pump].”

根據匿名貢獻者的說法，他們開始考慮幾個月前建立發射台，但沒有前進，因為它“不想感覺我們正在與[泵]競爭。”

Both platforms are on the same blockchain and have a partnership for token liquidity.

這兩個平台都處於相同的區塊鏈上，並且與令牌流動性建立了合作夥伴關係。

However, less than a month ago, Pump announced it would launch its own AMM, called PumpSwap, and would no longer use Raydium. AMMs facilitate decentralized trading through the use of smart contracts and liquidity pools. Most DEXs also function as AMMs.

但是，不到一個月前，Pump宣布它將推出自己的AMM，稱為Pumpswap，並且將不再使用Raydium。 AMM通過使用智能合約和流動性池來促進分散交易。大多數DEX也充當AMM。

Before PumpSwap, when a token was launched on Pump, and its market cap reached 0.69 ETH, some of the token’s liquidity was deposited into Raydium’s trading pools and burned.

在Pumpswap之前，當在泵上推出一個令牌時，其市值達到0.69 ETH時，一些令牌的流動性存放到Raydium的交易池中並燃燒。

These memecoins launched on Pump can then be migrated on Raydium for secondary market trading. According to Blockworks, 44% of Raydium’s swap fee revenue over the past 30 days came from these tokens launched on Pump.

然後可以在泵上推出的這些模因，然後可以在雷迪姆（Raydium）上遷移進行二級市場交易。根據Blockworks的數據，過去30天，Raydium交換費收入中有44％來自泵上推出的這些代幣。

LaunchLab

Raydium is set to release “LaunchLab,” which Blockworks called a fork of Pump. In blockchain, a fork is a copy of another blockchain with the same technical features, but modified to offer new products. One of the most popular examples is Bitcoin and its fork, Bitcoin Cash.

Raydium將發布“ LaunchLab”，該塊稱為泵叉。在區塊鏈中，叉子是另一個具有相同技術功能的區塊鏈的副本，但經過修改以提供新產品。最受歡迎的例子之一是比特幣及其叉子比特幣現金。

LaunchLab is expected to offer linear, exponential, and logarithmic bonding curves that match token demand and pricing and will also allow third-party users to set their own fees.

預計LaunchLab將提供線性，指數和對數鍵合曲線，以符合令牌需求和定價，還將允許第三方用戶設置自己的費用。

Additionally, the new launchpad will support multiple quote tokens beyond $SOL and will integrate with Raydium’s AMM liquidity provider locker, which lets issuers secure swap fees for tokens in perpetuity.

此外，新的LaunchPad將支持$ SOL以上的多個報價令牌，並將與Raydium的AMM流動性提供商儲物櫃集成，該儲物櫃使發行人可以永久保證代幣交換費用。

According to the anonymous contributor, LaunchLab will be the first in a broader “suite of tools” Raydium plans to release for token creation. However, they emphasized that it is not meant to replace Pump as a major launchpad in Solana.

根據匿名貢獻者的說法，LaunchLab將是更廣泛的“工具套件” Raydium計劃中的第一個發布代幣創建的計劃。但是，他們強調，這並不是要取代泵作為Solana的主要發射台。

What Could Happen

可能會發生什麼

Raydium’s new token launchpad, alongside Pump, means launching meme coins—or cryptocurrencies with no use case—is now more accessible.

Raydium的新令牌啟動板以及泵也意味著發射模因硬幣或無用案例的加密貨幣 - 現在更容易訪問。

In fact, crypto analyst Miles Deutscher claimed that meme coins launched on Pump prevented a broader rally of altcoins or top tokens outside of $BTC, as speculative capital that might have gone into the top 200 assets instead flowed into low-cap, on-chain tokens.

實際上，加密分析師Miles Deutscher聲稱，在泵上推出的Meme硬幣阻止了$ BTC以外的更廣泛的Altcoins或頂級令牌集會，因為投機資本可能已經進入了最高的200款資產，而是流入了低帽子的，On-Chain代幣。

In 2024 alone, the total market cap of meme coins reached $140 billion, representing 11.21% of the crypto market.

僅在2024年，模因硬幣的總市值就達到了1400億美元，佔加密貨幣市場的11.21％。

However, meme coins are a type of cryptocurrency whose value depends solely on community hype. They have no practical use cases, unlike $BNB for paying exchange fees or $ETH for covering transaction fees.

但是，模因硬幣是一種加密貨幣，其價值僅取決於社區炒作。他們沒有實際的用例，與支付交易費的$ bnb不同，或用於支付交易費用的$ ETH。

As a result, many meme coins drop in value once the hype fades—even those endorsed by presidents.

結果，一旦炒作逐漸消失，許多模因硬幣也會下降，即使是總統認可的人。

According to a report by ChainPlay, a blockchain gaming hub, and Storible, a digital PR agency, nearly 80% of crypto investors have bought president-endorsed meme coins such as $TRUMP, $CAR and $LIBRA.

根據Chainplay的一份報告，區塊鏈遊戲中心和數字公關公司Storible，近80％的加密貨幣投資者已購買了總統的模因硬幣，例如$ trump，$ car，$ car和$ librea。

Meanwhile, #CryptoPH Thought Leader Luis Buenaventura compared meme coins to past trends like initial coin offerings (ICOs) in 2017 and non-fungible tokens (NFTs) in 2021, expressing skepticism about their long-term impact on the crypto market.

同時，#Cryptoph思想領導者路易斯·布耶拉文圖拉（Luis Buenaventura）將模因硬幣與過去的趨勢進行了比較，例如2017年的初始硬幣產品（ICO）和2021年的不可殺傷的代幣（NFTS），表達了對它們對加密貨幣市場的長期影響的懷疑。

“I feel like meme coin creation platforms will see a similar kind of fade over time.”

“我覺得Meme Coin Creation平台會隨著時間的流逝而看到類似的淡出。”

Luis Buenaventura, #CryptoPH Thought Leader

#Cryptoph思想領袖Luis Buenaventura

But while Buenaventura sees limited future value in meme coins, Nic Carter, an analyst and founder of Castle Island Ventures, was more blunt.

但是，儘管Buenaventura認為Meme Coins的未來價值有限，但Castle Island Ventures的分析師和創始人Nic Carter更加直率。

“Meme coins are unquestionably over,” Carter said, arguing that insider dominance, bot exploitation, and prelaunch deals have turned the space into an unfair and extractive market.

卡特說：“毫無疑問，模因硬幣已經結束了，”內部人士的統治地位，機器人剝削和預先籌集的交易已將該空間變成了不公平和提取的市場。

This article is published on BitPinas: Raydium’s New LaunchPad Could Challenge Pump.fun in the Meme Coin Wars

本文發表在BITPINAS上：Raydium的新啟動板可能會挑戰泵。