Raydium（Ray）在新的Meme Coin Launchpad的報告中飆升28％

Raydium的公用事業和治理令牌雷（Ray）飆升了約28％，此前有報導稱該公司正在推出自己的模因硬幣發射台，該公司可能會挑戰泵。

Raydium's utility and governance token, RAY, saw a nearly 28% surge on Tuesday, recovering to around $2 after reports that the firm is rolling out its own meme coin launchpad that could challenge Pump.fun, the go-to platform for meme token debuts, stated a report by Blockworks.

Raydium的公用事業和治理令牌Ray週二看到了將近28％的速度，在有報導稱該公司推出了自己的Meme Coin發射台，該公司可能會挑戰Pump.Fun。

The report, which cites an email from Raydium CEO Guillaume Stevens, mentions that the platform, named LaunchLab, will maintain a similar bonding curve as Pump.fun but differentiate by allowing third-party user interfaces to set fees.

該報告引用了Raydium首席執行官Guillaume Stevens的一封電子郵件，他提到該平台名為LaunchLab，將保持類似的鍵合曲線與pump.fun。

The platform will also support multiple quote tokens and link with Raydium's liquidity provider locker for perpetual swap fee security.

該平台還將支持多個報價令牌，並與Raydium的流動性提供商儲物櫃鏈接，以實現永久交換費用。

The development of LaunchLab surfaces less than a month after Pump.fun tested its own AMM, a move that signaled its intention to pull away from Raydium.

泵後不到一個月，發射列表表面的發展進行了測試，這一舉動標誌著它打算離開Raydium。

This could hugely impact Raydium, which has derived substantial revenue from Pump.fun's token pools.

這可能會極大地影響Raydium，後者從Pump.Fun的代幣池獲得了可觀的收入。

Rumors of Pump.fun's AMM feature triggered a 30% drop in RAY's value, CoinMarketCap data shows.

CoinMarketCap數據顯示，Fum.Fun的AMM功能的謠言觸發了30％的雷值。

This decline intensified as the crypto market experienced a widespread correction shortly thereafter, fueled by escalating tariff tensions and a deteriorating macroeconomic environment.

由於加密貨幣市場經歷了廣泛的糾正，此後不久，由於關稅緊張局勢和惡化的宏觀經濟環境而加劇了這種下降。

In the past month, RAY has plummeted by around 60%.

在過去的一個月中，雷暴跌了約60％。

Declining interest in meme coins

對模因硬幣的興趣下降

Pump.fun's graduation rate, which refers to the percentage of tokens that successfully transition from the incubation phase to full tradability on a Solana DEX, has been below 1% since February 17, according to Dune Analytics.

根據Dune Analytics，Pump.Fun的畢業率是指成功過渡到Solana Dex的完全可交易性的代幣百分比，自2月17日以來一直低於1％。

Historically, the highest graduation rate was 1.67% in November 2024, but even then, the absolute number of successful tokens was significant due to the large volume of launches.

從歷史上看，2024年11月的最高畢業率為1.67％，但由於發射量眾多，成功的令牌的絕對數量仍然很大。

The current low graduation rate reflects decreasing investor interest in meme coins, commonly perceived as high-risk investments.

當前的低畢業率反映了投資者對模因硬幣的利益下降，通常被視為高風險投資。

According to CoinMarketCap data, the meme coin sector's market cap is down about 65% from its peak on December 9 last year.

根據CoinMarketCap數據，模因硬幣行業的市值比去年12月9日的峰值下降了約65％。