Raydium啟動Meme Coin Platform Launchlab與Pump.Fun競爭

Raydium宣布發射樂隊後，Ray令牌上升了28％

The RAY token surged by 28% following Raydium’s unveiling of LaunchLab, a new meme coin platform designed to compete with Pump.fun.

在Raydium揭幕發布Lablab之後，Ray代幣飆升了28％，這是一個新的Meme Coin Coin平台，旨在與Pump.Fun競爭。

This move comes as Raydium seeks to maintain its position in the Solana (CRYPTO: SOL) ecosystem following reports that Pump.fun might be reducing its reliance on Raydium’s services.

此舉是因為Raydium試圖在報導說Pump.Fun可能會減少對Raydium服務的依賴的報導後，試圖維持其在Solana（Crypto：Sol）生態系統中的地位。

Both platforms are integral to the launch and management of meme coins on Solana, a domain where interest has been waning in recent months.

這兩個平台都是Meme Coins在Solana上的發射和管理不可或缺的一部分，Solana是一個近幾個月來興趣減弱的領域。

What Happened: Raydium, a decentralized exchange on Solana, is introducing LaunchLab, a platform for meme coin projects to launch directly on-chain with minimal friction.

發生的事情是：Raydium是Solana上的分散交易所Raydium，它推出了LaunchLab，這是Meme Coin Project的平台，可直接發射最小的摩擦。

LaunchLab will function similarly to Pump.fun but with added features. It will offer three types of bonding curves that match demand and price for tokens. These curves are automatic systems that adjust prices as tokens are bought or sold on decentralized exchanges.

LaunchLab的功能與pump.Fun相似，但具有添加功能。它將提供三種類型的粘結曲線，以符合令牌的需求和價格。這些曲線是自動系統，可以調整價格，因為在分散的交易所購買或出售令牌。

One key difference is that LaunchLab will allow third-party user interfaces to set their own fees. This could make the platform more appealing to developers and users alike. The platform will also support multiple quote tokens.

一個關鍵的區別是，啟動LAB將允許第三方用戶界面設置自己的費用。這可能會使平台對開發人員和用戶都更具吸引力。該平台還將支持多個報價令牌。

LaunchLab will link with Raydium’s liquidity provider locker. This connection aims to enhance security for perpetual swap fees on the platform.

LaunchLab將與Raydium的流動性提供商儲物櫃鏈接。該連接旨在提高平台上永久交換費用的安全性。

Raydium developer @0xINFRA highlighted that LaunchLab is not meant to compete with launchpads currently using Raydium.

Raydium Developer @0xInfra強調了LaunchLab並不是要與當前使用Raydium的LaunchPad競爭。

"We’re not here to compete with launchpads currently using Raydium — LaunchLab makes on-chain token launches easier for teams, offering a neutral, permissionless infra," the developer said on X. This suggests Raydium is focusing on enhancing the ecosystem rather than creating division.

開發人員在X上說：“我們不是在這裡與當前使用Raydium的發射台競爭 - LaunchLab使團隊的鏈上代幣發射更容易，提供中性，無許可的下文。”

7/ We’re not here to compete with launchpads currently using Raydium — LaunchLab makes on-chain token launches easier for teams, offering a neutral, permissionless infra.

7/我們不是在這裡與當前使用Raydium的發射台競爭 - LaunchLab使團隊的鍊鍊令牌發射更容易，提供了中性，無許可的Infra。

Our goal: empower Solana’s ecosystem, not gatekeep it

我們的目標：增強索拉納的生態系統，而不是守門

— Infra | Raydium (@0xINFRA) March 19, 2025

- 下文| Raydium（@0xinfra）2025年3月19日

The timing of LaunchLab’s development is noteworthy. It emerged less than a month after Pump.fun reportedly tested its own Automated Market Maker (AMM). This move signaled Pump.fun’s possible intention to become less dependent on Raydium.

值得注意的是，LaunchLab開發的時機是值得注意的。據報導，它在Pump.Fun測試了自己的自動做市商（AMM）後不到一個月就出現了。這一舉動標誌著泵。FUN可能會減少對射線的依賴的意圖。

Such a shift could have major consequences for Raydium. The platform has earned a significant portion of its revenue from Pump.fun’s token pools. Over 30% of Raydium’s daily trading volume stemmed from Pump.fun tokens as of February, according to data from Dune Analytics.

這樣的轉變可能會對雷迪姆產生重大影響。該平台從pump.fun的代幣池獲得了很大一部分收入。根據Dune Analytics的數據，截至2月，Raydium每日交易量的30％源自泵。

Rumors about Pump.fun’s AMM feature triggered a 30% drop in the RAY token’s value. This decline worsened as the broader crypto market experienced a correction due to tariff tensions and a weakening macroeconomic environment. Over the past month, RAY has fallen by around 60%.

關於泵的謠言。FUN的AMM功能引發了30％的射線令牌價值。由於關稅緊張局勢和宏觀經濟環境較弱，因此更廣泛的加密貨幣市場進行了更正，這種下降加劇了。在過去的一個月中，雷下降了約60％。

Meme Sector Down:

模因部門下降：

The meme coin sector as a whole has faced challenges. According to CoinMarketCap data, the meme coin market cap has decreased by approximately 65% from its peak in December 2024. Despite brief optimism before Trump’s inauguration, most meme tokens experienced losses after the event.

整個模因硬幣部門面臨著挑戰。根據CoinMarketCap的數據，模因硬幣市值從2024年12月的高峰降低了約65％。儘管在特朗普就職之前短暫樂觀，但大多數模因標記在活動結束後經歷了損失。

Pump.fun’s graduation rate has remained below 1% since February 17. This rate refers to the percentage of tokens that successfully move from incubation to full trading status on a Solana decentralized exchange. The highest rate ever recorded was 1.67% in November 2024.

自2月17日以來，Pump.Fun的畢業率一直保持在1％以下。該速率是指成功從孵化轉變為Solana Solana分散交易所的全部交易狀態的代幣百分比。有史以來記錄的最高利率為2024年11月1.67％。

These low rates indicate declining interest from investors in meme coins, which are generally viewed as high-risk investments with limited practical use. Despite some improvements in liquidity, the overall crypto market remains under pressure.

這些低利率表明，模因硬幣的投資者的利息下降，通常將其視為高風險投資，實際使用有限。儘管流動性有所改善，但總體加密市場仍處於壓力下。

$1 Million In Daily Trading Fees

每日交易費用100萬美元

Raydium currently generates over $1 million in fees daily from trading across all its liquidity pools. This steady revenue stream provides stability to the platform despite market fluctuations. However, LaunchLab may initially struggle with adoption.

Raydium目前每天通過在其所有流動性池進行交易中每天產生超過100萬美元的費用。儘管市場波動，但這種穩定的收入來源為平台提供了穩定。但是，LaunchLab最初可能會在收養方面掙扎。

Ceteris, Head of Research at Delphi Digital, highlighted a fundamental issue Raydium might encounter. While Raydium provides the underlying infrastructure, platforms like Pump.fun control the user interface and experience. “Pump.fun owns the user, Raydium is just back-end infra,” Ceteris stated.

Delphi Digital的研究主管Ceteris強調了Raydium可能遇到的基本問題。儘管Raydium提供了基礎基礎架構，但諸如pump.fun之類的平台控制用戶界面和經驗。 “泵擁有用戶，Raydium只是後端下屬，” Ceteris說。

Jongwon Park from Story Protocol added, “crypto UX gets better when you abstract away 10s of AMMs. Products are king, and liquidity in AMM follows products.” This suggests that user experience might be more important than technical capabilities.

故事協議的鐘旺公園補充說：“當您抽象10秒的AMMS時，加密UX會變得更好。產品是國王，AMM中的流動性遵循產品。”這表明用戶體驗可能比技術功能更重要。

@0xINFRA has denied that LaunchLab is simply a copy of Pump.fun. “Not a Pump fork, LaunchLab’s PoC UI mimics it for familiarity, but it’s far more versatile,” the developer clarified. “It’s the first of a tool suite—more models in progress to tackle diverse liquidity needs.”

@0xInfra否認啟動列表只是pump.fun的副本。開發人員澄清說：“不是泵叉，而是啟動Labl的POC UI模仿它是為了熟悉，但它的用途更加多。” “這是工具套件的第一個 - 正在進行的更多模型，以滿足各種流動性需求。”