Raydium’s RAY Token Jumps 7% as LaunchLab Debuts to Rival Pump.fun
Raydium (RAY) has surged over 7% in the past 24 hours, holding above $2.20, following the launch of its highly anticipated token launchpad
Quick overview
- Raydium's token RAY has increased over 7% to above $2.20 following the launch of its new token launchpad, LaunchLab.
- LaunchLab offers advanced features for token creators, allowing greater control over tokenomics and distribution compared to Pump.fun.
- The platform's fee structure includes a 1% trading cost, with 25% allocated for RAY token buybacks to support its value.
- As competition heats up with Pump.fun's PumpSwap, Raydium aims to innovate and attract token creators with its sophisticated tools.
Live SOL/USD Chart
Raydium (RAY) has surged over 7% in the past 24 hours, holding above $2.20, following the launch of its highly anticipated token launchpad, LaunchLab. The new platform, unveiled on April 16, represents a direct challenge to Pump.fun, which severed ties with Raydium last month after launching its own decentralized exchange, PumpSwap.
LaunchLab’s Advanced Features Target Sophisticated Token Creators
Pump.fun stresses simplicity in token creation, but LaunchLab gives creators far more control over tokenomics and distribution. Once developers raise 85 SOL (about $11,150), the platform lets developers set token supply, bonding curves, and migration criteria, with tokens automatically moving to Raydium’s automated market maker (AMM).
“LaunchLab’s goal is to fix a broken token model, reliant on centralized exchanges and market makers,” said Tom, the pseudonymous team head from Raydium. “We want that to happen on-chain, on Solana; we think asset issuing will keep accelerating.”
LaunchLab offers token vesting choices and fee-sharing systems unlike Pump.fun’s one-size-fits-all approach. Raydium is also extending its infrastructure to outside developers; already, LaunchLab’s token creation tools are being used by about 10 outside groups developing projects.
Strategic Fee Structure Supports RAY Token Value
The trading costs of LaunchLab are set at 1%; 25% are set especially for RAY token buybacks, an action meant to directly support the value of the token. A Community Pool and Program fee helps the remaining 75% be used for ecological development.
Investors seem to have related to this framework, which helps to explain RAY’s price rise after the announcement. Overlooking most of the larger cryptocurrency market during a period of economic uncertainty, the token momentarily rose to $2.41 before settling at its present level.
Raydium’s LaunchLap vs. Pump.fun’s PumpSwap Competition Heats Up
The launching of LaunchLab comes about a month after Pump.fun started PumpSwap, therefore changing the once symbiotic relationship between the two platforms. Tokens generated on Pump.fun would immediately move to Raydium once crossing $69,000 in market value before this change.
Since its March 20 release, PumpSwap has become rather popular and has accumulated $2.5 billion in trading volume in its first ten days. DefiLlama statistics show that PumpSwap has now handled more over $7.3 billion in total volume, five straight days of record-breaking daily volumes hitting $460 million on April 17.
RAY/USD Technical Analysis
From a technical perspective, RAY’s price movement shows strengthening momentum following the LaunchLab announcement. The token has posted weekly and monthly gains exceeding 30%, establishing a bullish trend despite broader market headwinds.
Raydium’s 24-hour trading volume surged nearly 60% to $668 million after LaunchLab went live, though this remains well below its January 18 peak of $13.19 billion, which coincided with the TRUMP meme coin launch.
What’s Next for Raydium and LaunchLab?
As the competition between Raydium and Pump.fun intensifies, market observers will closely monitor whether LaunchLab can recapture market share from PumpSwap. Raydium’s strategy of offering more sophisticated tokenomic tools while implementing RAY buybacks represents a calculated approach to enticing both token creators and investors.
With LaunchLab positioned as just the first product in a broader suite, Raydium appears committed to innovation in the face of Pump.fun’s rapid growth. The success of this strategy will likely depend on whether token creators prefer LaunchLab’s customization capabilities over Pump.fun’s simplicity—a question that could significantly impact RAY’s price trajectory in the coming months.
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