Raydium启动Meme Coin Platform Launchlab与Pump.Fun竞争

Raydium宣布发射乐队后，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揭幕发布Lablab之后，Ray代币飙升了28％，这是一个新的Meme Coin Coin平台，旨在与Pump.Fun竞争。

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.

此举是因为Raydium试图在报道说Pump.Fun可能会减少对Raydium服务的依赖的报道后，试图维持其在Solana（Crypto：Sol）生态系统中的地位。

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

这两个平台都是Meme Coins在Solana上的发射和管理不可或缺的一部分，Solana是一个近几个月来兴趣减弱的领域。

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.

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

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的功能与pump.Fun相似，但具有添加功能。它将提供三种类型的粘结曲线，以符合令牌的需求和价格。这些曲线是自动系统，可以调整价格，因为在分散的交易所购买或出售令牌。

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.

一个关键的区别是，启动LAB将允许第三方用户界面设置自己的费用。这可能会使平台对开发人员和用户都更具吸引力。该平台还将支持多个报价令牌。

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

LaunchLab将与Raydium的流动性提供商储物柜链接。该连接旨在提高平台上永久交换费用的安全性。

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

Raydium Developer @0xInfra强调了LaunchLab并不是要与当前使用Raydium的LaunchPad竞争。

"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.

开发人员在X上说：“我们不是在这里与当前使用Raydium的发射台竞争 - LaunchLab使团队的链上代币发射更容易，提供中性，无许可的下文。”

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/我们不是在这里与当前使用Raydium的发射台竞争 - LaunchLab使团队的链链令牌发射更容易，提供了中性，无许可的Infra。

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

我们的目标：增强索拉纳的生态系统，而不是守门

— 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开发的时机是值得注意的。据报道，它在Pump.Fun测试了自己的自动做市商（AMM）后不到一个月就出现了。这一举动标志着泵。FUN可能会减少对射线的依赖的意图。

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.

这样的转变可能会对雷迪姆产生重大影响。该平台从pump.fun的代币池获得了很大一部分收入。根据Dune Analytics的数据，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%.

关于泵的谣言。FUN的AMM功能引发了30％的射线令牌价值。由于关税紧张局势和宏观经济环境较弱，因此更广泛的加密货币市场进行了更正，这种下降加剧了。在过去的一个月中，雷下降了约60％。

Meme Sector Down:

模因部门下降：

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.

整个模因硬币部门面临着挑战。根据CoinMarketCap的数据，模因硬币市值从2024年12月的高峰降低了约65％。尽管在特朗普就职之前短暂乐观，但大多数模因标记在活动结束后经历了损失。

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日以来，Pump.Fun的毕业率一直保持在1％以下。该速率是指成功从孵化转变为Solana Solana分散交易所的全部交易状态的代币百分比。有史以来记录的最高利率为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.

这些低利率表明，模因硬币的投资者的利息下降，通常将其视为高风险投资，实际使用有限。尽管流动性有所改善，但总体加密市场仍处于压力下。

$1 Million In Daily Trading Fees

每日交易费用100万美元

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目前每天通过在其所有流动性池进行交易中每天产生超过100万美元的费用。尽管市场波动，但这种稳定的收入来源为平台提供了稳定。但是，LaunchLab最初可能会在收养方面挣扎。

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强调了Raydium可能遇到的基本问题。尽管Raydium提供了基础基础架构，但诸如pump.fun之类的平台控制用户界面和经验。 “泵拥有用户，Raydium只是后端下属，” Ceteris说。

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.

故事协议的钟旺公园（Jongwon Park）补充说：“当您抽象10秒的产品是国王，AMM中的流动性遵循产品时，加密UX会变得更好。”这表明用户体验可能比技术功能更重要。

@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否认启动列表只是pump.fun的副本。开发人员澄清说：“不是泵叉，而是启动Labl的POC UI模仿它是为了熟悉，但它的用途更加多。” “这是工具套件的第一个 - 正在进行的更多模型，以满足各种流动性需求。”