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RAY surged 10% after Raydium launched LaunchLab, a brand new meme coin creation platform aimed toward difficult the dominance of Solana’s Pump.enjoyable.
The platform’s debut follows Pump.enjoyable’s break up with Raydium final month, when it launched its personal DEX, PumpSwap, slicing into the income of the distinguished SOL-based automated market maker (AMM).
High 24-hour performers (Supply: CoinMarketCap)
The LaunchLab launch helped make RAY the highest gainer amongst main cryptos on CoinMarketCap after the token’s surge prior to now 24 hours took its weekly achieve previous 36%. It traded at $2.31 as of 1:10 a.m. EST.
Raydium Says New Tokens Can Be Launched For Free
Raydium mentioned that its platform will present meme coin creators with customizable bonding curves and no migration charges. Tokens that increase 85 Solana may also transition to Raydium’s AMM immediately.
The agency added that new tokens could be launched without spending a dime. Creators even have the flexibility to opt-in to earn 10% of buying and selling charges from the AMM pool post-graduation.
Information from LaunchLab exhibits builders have flocked to the platform, with a number of new tokens created on the brand new launchpad already.
Introducing LaunchLab, Raydium’s all-in-one token launchpad.
Constructed for Creators, Builders, and the Neighborhood 🫡https://t.co/yZVzShVZSJ
Extra data ⬇️ pic.twitter.com/r6s1DAegWf
— Raydium (@RaydiumProtocol) April 16, 2025
Token Launches On Pump.Enjoyable Surge Amid Report PumpSwap Buying and selling Volumes
Because the battle for meme coin supremacy between LaunchLab and Pump.enjoyable heats up, Pump.enjoyable is recording robust progress.
Exercise on the platform and its PumpSwap decentralized trade has been on a tear in current days.
Information from Dune Analytics exhibits the each day variety of new tokens launched on Pump.enjoyable has been on the rise in the previous couple of days after an earlier steep decline.
Each day buying and selling quantity information for PumpSwap have additionally been damaged for five days in a row, reaching $460 million yesterday.
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