Memecoin Arena - Raydium的战略枢轴

Solana生态系统是分散融资（DEFI）创新的温床，目睹了一个引人入胜的发展：据报道，Raydium是一个基石分散交易所（DEX），正计划启动竞争对手的Memecoin Launchpad，“ LaunchLab”，“ LaunchLab”，以直接与受欢迎的泵竞争。

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.

据报道，著名的分散交易所（DEX）Raydium计划在索拉纳生态系统内发生了令人惊讶的事件，据报道，计划拆分一个名为“ LaunchLab”的竞争对手Memecoin Launchpad，以直接与广受认可的Pump.Fun竞争。此举遵循Pump.Fun的迹象表明，它可能会切换到Raydium的另一家自动化做市商（AMM），Raydium是DEX，在很大程度上推动了该平台的成功。

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.

随着Pump.Fun的出现，这一开发的发展是Raydium收入的重要贡献，尤其是在2024年初。由于Raydium收入的35％以上归因于Pump.Fun的活动，该平台已成为DEX的关键重点。但是，Pump.Fun最近考虑的定制AMM可能取代了Raydium，这导致了交易所的战略反应。

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.

这种情况突出了Defi平台之间的协作与竞争之间的微妙平衡，在那里他们经常相互依靠以获得最佳的流动性和用户的采用。

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.

尽管有潜在的变化，泵仍然是Raydium的宝贵合作伙伴。 2024年，DEX从交换收入中产生了约1.54亿美元，突出了其贸易活动和流动性池的稳健性。由于预计每日收入将达到100万美元，Raydium代表了Solana生态系统中有利可图的实体。

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.

这种财务实力为Raydium提供了资源和杠杆作用，以启动“启动行”作为全面的竞争对手pump.fun。投资新企业并适应市场变化的能力对于在快速发展的Defi景观中保持竞争优势至关重要。

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报道的那样，“启动行”将是泵的叉子。FUN，包括类似的功能，例如对数粘合曲线。但是，“ LaunchLab”将引入关键差异，包括第三方用户界面（UIS）设置费用并直接访问Raydium的流动性池的能力。

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.

这些修改旨在解决泵的潜在局限性，并为用户和开发人员提供更大的灵活性和控制。通过提供第三方UIS设定费用的能力，Raydium正在培养一个更加分散和竞争的环境。

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.

对数键合曲线是一种用于确定令牌价格的数学模型，是pump.fun和“ aunpentlab”的核心特征。该模型可确保随着购买更多令牌的价格，代币的价格会上涨，从而创造了一种动态和透明的定价机制。

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

粘结曲线在Memecoin发射中起着至关重要的作用，因为它提供了一种可预测且可扩展的方式来管理流动性和价格发现。

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.

核心贡献者Infraray表示，泵出来的泵将是“战略性错误计算”。该声明强调了两个平台之间合作伙伴关系的重要性。

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的流动性和基础设施为泵的运营提供了重要的支持。该合作伙伴关系使两个平台能够蓬勃发展，并为Solana生态系统的增长做出了贡献。

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对定制AMM的探索表明，渴望更大的自主权和控制。这种潜在的转变表示生态系统内的竞争动态以及平台对适应和创新的不断需求。

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美元的市值阈值触发了代币到Raydium的自动转移，这是Memecoin启动过程中的关键里程碑。该阈值确保令牌在雷迪姆（Raydium）上市之前具有足够的流动性和交易活动。

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

该机制为用户提供了保障，以防止他们在流动性不足或遇到流动性不足或潜在欺诈令牌的市场上进行交易。

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

在接受BlockWorks的采访中，Infraray核心贡献者讨论了与Pump.Fun的合作关系和“启动Lab”的发布。

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.

根据Infraray的说法，Pump.Fun对Raydium收入的贡献是该合作伙伴关系的结果，该伙伴关系始于Pump.Fun接近Raydium的流动性。

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.

当被问及泵的可能性。FUN切​​换到其他AMM时，Infraray表示，由于合作伙伴关系和Raydium在提供深层流动性和高效泵的交易中的作用，这将是“错误估计”。

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.

这种伙伴关系是互惠互利的，两个平台都利用彼此的优势来推动创新并扩大在Solana生态系统中的产品。

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，该合作伙伴关系在两个平台的核心贡献者中培养了一种协作精神，他们不断探索改善平台并增强整体用户体验的方法。