Raydium Challenges Solana’s Pump.Fun With LaunchLab Debut As RAY Surges 10%
RAY surged 10% after Raydium launched LaunchLab, a new meme coin creation platform aimed at challenging the dominance of Solana’s Pump.fun. The platform’s debut follows Pump.fun’s split with Raydium last month, when it launched its own DEX, PumpSwap, cutting into the revenue of the prominent SOL-based automated market maker (AMM). Top 24-hour performers (Source: CoinMarketCap ) The LaunchLab launch helped make RAY the top gainer among major cryptos on CoinMarketCap after the token’s surge in the past 24 hours took its weekly gain past 36%. It traded at $2.31 as of 1:10 a.m. EST. Raydium Says New Tokens Can Be Launched For Free Raydium said that its platform will provide meme coin creators with customizable bonding curves and no migration fees. Tokens that raise 85 Solana will also transition to Raydium’s AMM instantly. The firm added that new tokens can be launched for free. Creators also have the ability to opt-in to earn 10% of trading ...