Author: WOO
Raydium is the top Dex on Solana, and Pump Fun is the largest Launchpad. Interestingly, although they are in different tracks and businesses, they still attack each other in an attempt to gain more revenue.
First, Pump Fun launched PumpSwap, and its daily trading volume has recently stabilized at $400 million, approaching Raydium's $600 million daily trading volume. Raydium officials even pointed out that Pump Fun contributed up to 41% of its AMM revenue in the past month, but after Pump Fun built PumpSwap, Raydium's traffic dropped significantly and was forced to launch LaunchLab to "take back liquidity dominance."
What is the difference between LaunchLab and Pump Fun? What are the noteworthy projects? Let WOO X Research show you.
LaunchLab Basics
LaunchLab launched by Raydium is essentially a "zero-code coin issuance tool + automatic liquidity migration service" with two main usage modes:
- JustSendIt mode: allows users to create tokens with one click. The preset amount required is 85 SOL. After the fundraising is successful, it will be automatically migrated to Raydium's AMM and the LP token will be burned to achieve liquidity lock-up.
- LaunchLab Pro mode: You can customize the total amount, the minimum fundraising requirement of 30 SOL for issuance, the bonding curve slope, the vesting conditions, and whether to enable AMM profit sharing (up to 10% of the transaction fee can be returned to the project party).
In terms of fee structure, Raydium charges a uniform 1% basic handling fee, of which 50% goes into the "Community Pool", 25% is used for $RAY repurchase, and 25% is used as infrastructure and operating funds.
LaunchLab also allows third-party interfaces to access its backend services and build their own coin issuance frontends. The most well-known of these is cook.meme
cook.meme is the first "meme token issuance platform" that uses LaunchLab contracts but builds its own UX front end. It features zero fees, instant transactions, and a simple UI. It attracted many developers to try it out as soon as it was launched. It is positioned a bit like a UI copy of Pump Fun, but the underlying layer is bound to Raydium's liquidity.
Raydium adopts this open model not only to divert traffic, but also to replicate the content and ecological flywheel that Pump Fun built through the social front end.
LaunchLab vs. Rump.fun
Key Projects
The most direct beneficiary of LaunchLab is definitely $RAY (25% of the fees are repurchased), and the price of $RAY has risen by about 8% after the announcement of LaunchLab. If LaunchLab can continue the craze, the repurchase of $RAY will become higher and higher. When demand exceeds supply, there is a chance for price increase.
The life cycle of LaunchPad depends on how many "Golden Dogs" it can generate. When the platform continues to create wealth, user assets will naturally concentrate on the platform. When assets are concentrated, the probability of generating Golden Dogs will also increase, eventually forming a positive flywheel closed loop.
Therefore, the first step of the flywheel is to have a golden dog, but unfortunately, within 24 hours of LaunchLab’s launch, only $TIME, the graduated token, had a market value of more than $1 million. Although the market value of other tokens such as $ARUA and $Gaydium soared in the early days of launch, the market eventually decided to increase the market value of a single token.
So what are the narratives of $TIME, $ARUA and $Gaydium respectively?
As mentioned above, Raydium allows third parties to connect to their routing platforms and issue coins. Currently, Raydium, Cook.meme and Pump Fun Robinhood are the three platforms cooperating with it, and $TIME is the first meme coin created by Cook.meme; Raydium's own coin is $ARUA, which was deployed earlier than $TIME but launched later.
In addition to the homophonic pun, the developer of Raydium placed the contract address of $Gaydium on Rytdium's GitHub, but deleted it less than an hour later, causing the token to plummet.
$TIME
- Current market value: 6 million
- Maximum market value: 8.5 million
- 24 HR Transaction Volume: 30.2 million
- Number of Coin Holders: 7,600
Conclusion
Raydium's LaunchLab may seem like a "belated counterattack," but its overall design has systematically responded to Pump Fun's advantages. It not only provides a customized coin issuance model, but also expands an open front-end strategy represented by cook.meme. The goal is to bring traffic, transaction fees, and narratives back to the Raydium ecosystem.
But whether LaunchLab can really make people rich and reignite the meme craze still depends on three core factors:
- Whether it can produce strong and popular projects;
- Whether the handling fee and liquidity design are friendly to retail investors;
- Whether the ecosystem can quickly gather front-end tools and create network effects.
Although it seems that all three elements need to be improved, LaunchLab has only been open for less than a month, so it would be too arbitrary to declare the platform a failure. The cryptocurrency world is ever-changing, and perhaps the next 100x meme will be born in LaunchLab, so let us wait and see.
