DEX Raydium Sends RAY Up 13% With Introduction of Token Issuance Feature

Raydium Launches “LaunchLab” to Shake Up Solana’s Token Issuance Market

Raydium, a leading Solana-based decentralized exchange, is set to introduce LaunchLab, a cutting-edge token issuance platform designed to simplify and enhance on-chain token launches.

Following the announcement, Raydium’s native token (RAY) jumped 13% in the past 24 hours, significantly outperforming the broader market, which saw only a 1.62% gain according to the CoinDesk 100 (CD100) index.

Inspired by the success of Pump.Fun, LaunchLab will offer a more advanced and customizable experience. The platform will feature three different bonding curve models, allowing token issuers to fine-tune price discovery based on demand. Additionally, it will enable third-party platforms to integrate and set their own fees, creating a more flexible token launch ecosystem.

Raydium developer @0xINFRA took to X (formerly Twitter) to highlight LaunchLab’s seamless integration with the exchange’s existing liquidity tools, including AMM v4, CP-Swap, and CLMM pools.

“LaunchLab is designed to complement existing launchpads, not compete with them. It offers a permissionless, neutral infrastructure to simplify token issuance,” he explained.

Raydium’s Expanding Role in Solana’s Trading Landscape

Raydium continues to be a key liquidity provider within Solana’s ecosystem, generating over $1 million in daily trading fees. As of February, Pump.Fun tokens accounted for over 30% of Raydium’s daily trading volume, according to Dune Analytics.

Pump.Fun previously relied on Raydium’s infrastructure to facilitate liquidity for new tokens. However, in February, Pump.Fun launched its own automated market maker (AMM), effectively bypassing Raydium and allowing tokens to trade directly on its platform.

Neither project has commented publicly on the shift, and there is no formal partnership between the two.

Not a Pump.Fun Copy, Says Raydium Developer

Addressing speculation that LaunchLab is simply a Pump.Fun replica, @0xINFRA clarified that while the UI may look similar for user familiarity, the platform is far more sophisticated.

“Not a Pump fork. LaunchLab’s proof-of-concept UI mimics it for accessibility, but the tech stack is different and more versatile,” he posted.

He also hinted at additional liquidity solutions in the pipeline, positioning LaunchLab as the first of many tools aimed at expanding Raydium’s role in Solana’s DeFi ecosystem.

With LaunchLab’s debut on the horizon, Raydium is making a bold move to redefine token issuance while maintaining its dominance in Solana’s liquidity landscape.