Raydium正在开发自己的令牌发射台，类似于泵

这来自媒体出版物Blockworks的一份报告，即Raydium的匿名核心贡献者证实了这一谣言。

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生态系统上的分散交易所（DEX）和自主做市商（AMM），据说正在开发自己的代币发射台，类似于泵，这通常称为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.

这是在X（以前是Twitter）上出现了有关新的Launchpad的谣言。 Raydium的匿名核心贡献者证实了媒体出版物Blockworks的谣言。

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月以来，关于Raydium令牌发射台的谣言一直在流传，其中一些猜测可能是对泵的普及的回应。

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].”

根据匿名贡献者的说法，他们开始考虑几个月前建立发射台，但没有前进，因为它“不想感觉我们正在与[泵]竞争。”

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

这两个平台都处于相同的区块链上，并且与令牌流动性建立了合作伙伴关系。

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，不到一个月前，Pump宣布它将推出自己的AMM，称为Pumpswap，并且将不再使用Raydium。 AMM通过使用智能合约和流动性池来促进分散交易。大多数DEX也充当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，当在泵上推出一个令牌时，其市值达到0.69 ETH时，一些令牌的流动性存放到Raydium的交易池中并燃烧。

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.

然后可以在泵上推出的这些模因，然后可以在雷迪姆（Raydium）上迁移进行二级市场交易。根据Blockworks的数据，过去30天，Raydium交换费收入中有44％来自泵上推出的这些代币。

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将发布“ LaunchLab”，该块称为泵叉。在区块链中，叉子是另一个具有相同技术功能的区块链的副本，但经过修改以提供新产品。最受欢迎的例子之一是比特币及其叉子比特币现金。

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.

预计LaunchLab将提供线性，指数和对数键合曲线，以符合令牌需求和定价，还将允许第三方用户设置自己的费用。

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将支持$ SOL以外的多个报价令牌，并将与Raydium的AMM流动性提供商储物柜集成，该公司使发行人可以永久获得代币的交换费用。

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.

根据匿名贡献者的说法，LaunchLab将是更广泛的“工具套件” Raydium计划中的第一个发布代币创建的计划。但是，他们强调，这并不是要取代泵作为Solana的主要发射台。

What Could Happen

可能会发生什么

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

Raydium的新令牌启动板以及泵也意味着发射模因硬币或无用案例的加密货币 - 现在更容易访问。

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.

实际上，加密分析师Miles Deutscher声称，在泵上推出的Meme硬币阻止了$ BTC以外的更广泛的Altcoins或顶级令牌集会，因为投机资本可能已经进入了最高的200款资产，而是流入了低帽子的，On-Chain代币。

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

仅在2024年，模因硬币的总市值就达到了1400亿美元，占加密货币市场的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，模因硬币是一种加密货币，其价值仅取决于社区炒作。他们没有实际的用例，与支付交易费的$ bnb不同，或用于支付交易费用的$ ETH。

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

结果，一旦炒作逐渐消失，许多模因硬币也会下降，即使是总统认可的人。

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.

根据Chainplay的一份报告，区块链游戏中心和数字公关公司Storible，近80％的加密货币投资者已购买了总统的模因硬币，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.

同时，#Cryptoph思想领导者路易斯·布耶拉文图拉（Luis Buenaventura）将模因硬币与过去的趋势进行了比较，例如2017年的初始硬币产品（ICO）和2021年的不可杀伤的代币（NFTS），表达了对它们对加密货币市场的长期影响的怀疑。

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

“我觉得Meme Coin Creation平台会随着时间的流逝而看到类似的淡出。”

Luis Buenaventura, #CryptoPH Thought Leader

#Cryptoph思想领袖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，尽管Buenaventura认为Meme Coins的未来价值有限，但Castle Island Ventures的分析师和创始人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.

卡特说：“毫无疑问，模因硬币已经结束了，”内部人士的统治地位，机器人剥削和预先筹集的交易已将该空间变成了不公平和提取的市场。

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

本文发表在BITPINAS上：Raydium的新启动板可能会挑战泵。