Raydium（Ray）在新的Meme Coin Launchpad的报告中飙升28％

Raydium的公用事业和治理令牌雷（Ray）飙升了约28％，此前有报道称该公司正在推出自己的模因硬币发射台，该公司可能会挑战泵。

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的公用事业和治理令牌Ray周二看到了将近28％的速度，在有报道称该公司推出了自己的Meme Coin发射台，该公司可能会挑战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.

该报告引用了Raydium首席执行官Guillaume Stevens的一封电子邮件，他提到该平台名为LaunchLab，将保持类似的键合曲线与pump.fun。

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

该平台还将支持多个报价令牌，并与Raydium的流动性提供商储物柜链接，以实现永久交换费用。

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.

泵后不到一个月，发射列表表面的发展进行了测试，这一举动标志着它打算离开Raydium。

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

这可能会极大地影响Raydium，后者从Pump.Fun的代币池获得了可观的收入。

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

CoinMarketCap数据显示，Fum.Fun的AMM功能的谣言触发了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.

由于加密货币市场经历了广泛的纠正，此后不久，由于关税紧张局势和恶化的宏观经济环境而加剧了这种下降。

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

在过去的一个月中，雷暴跌了约60％。

Declining interest in meme coins

对模因硬币的兴趣下降

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.

根据Dune Analytics，Pump.Fun的毕业率是指成功过渡到Solana Dex的完全可交易性的代币百分比，自2月17日以来一直低于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.

从历史上看，2024年11月的最高毕业率为1.67％，但由于发射量众多，成功的令牌的绝对数量仍然很大。

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

当前的低毕业率反映了投资者对模因硬币的利益下降，通常被视为高风险投资。

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

根据CoinMarketCap数据，模因硬币行业的市值比去年12月9日的峰值下降了约65％。