Raydium Launches Token Issuance Platform LaunchLab

Raydium is a leading DEX on Solana, while Pump Fun is the largest Launchpad. Interestingly, despite being in different sectors and having different business models, they have both attacked each other in an attempt to capture more revenue.

First, Pump Fun launched PumpSwap, which recently stabilized its daily trading volume at $400 million, approaching Raydium's $600 million daily trading volume. Raydium's official team pointed out that Pump Fun contributed as much as 41% of its AMM revenue in the past month, but after Pump Fun launched its own PumpSwap, Raydium's traffic significantly decreased, forcing it to launch LaunchLab to "regain liquidity dominance."

What are the differences between LaunchLab and Pump Fun? What noteworthy projects are there? Let's take a look with WOO X Research.

Basic Introduction to LaunchLab

LaunchLab, launched by Raydium, is essentially a "no-code token issuance tool + automatic liquidity migration service," with two main usage modes:

• JustSendIt Mode: Allows users to create tokens with one click, preset to raise 85 SOL. Once fundraising is successful, it will automatically migrate to Raydium's AMM and burn LP tokens to achieve liquidity lock-up.

• LaunchLab Pro Mode: Users can customize the total supply, set a minimum fundraising amount of 30 SOL to issue, bonding curve slope, allocation conditions, and whether to enable AMM profit sharing (up to 10% of transaction fees can be returned to the project team).

In terms of fee structure, Raydium charges a uniform base fee of 1%, with 50% going to the "Community Pool," 25% used for $RAY buybacks, and 25% allocated for infrastructure and operational funds.

LaunchLab also allows third-party interfaces to connect to its backend services to create their own token issuance front-end. The most well-known of these is cook.meme.

cook.meme is the first platform to use the LaunchLab contract while building its own UX front-end, positioning itself as a "meme token issuance platform" that emphasizes zero fees, instant trading, and a simple UI. It attracted many developers to try it out upon launch, resembling Pump Fun's UI but binding to Raydium's liquidity at the underlying level.

Raydium adopts this open model not just to drive traffic but to replicate the content and ecological flywheel that Pump Fun built through its community front-end in the past.

LaunchLab V.S Pump Fun

Key Projects

With the launch of LaunchLab, the most direct beneficiaries are certainly $RAY (25% of fees are used for buybacks), and the price of $RAY rose by about 8% after the announcement of LaunchLab. If LaunchLab can maintain its momentum, the buyback strength of $RAY will also increase, creating opportunities for price increases when demand exceeds supply.

The lifecycle of a LaunchPad depends on how many "golden dogs" it can produce. When the platform continuously generates wealth effects, user assets will naturally concentrate on that platform. As assets become concentrated, the probability of producing golden dogs will also increase, ultimately forming a positive flywheel loop.

Therefore, the first step of the flywheel is to have golden dogs, but unfortunately, within 24 hours of LaunchLab going live, only the graduated token $TIME had a market cap exceeding $1 million. Other tokens like $ARUA and $Gaydium saw their market caps soar in the early stages, but ultimately, the market collectively determines the increase in the market cap of individual tokens.

So what narratives do $TIME, $ARUA, and $Gaydium have?

As mentioned earlier, Raydium allows third parties to connect to their routing platform and issue tokens. Currently, there are three platforms cooperating with them: Raydium, Cook.meme, and Pump Fun Robinhood. $TIME is the first meme coin created by Cook.meme; the token issued by Raydium itself is $ARUA, which was deployed earlier than $TIME but launched later.

Aside from the pun, $Gaydium's contract address was placed in Raydium's GitHub by Raydium's developers, but it was deleted less than an hour later, causing the token to plummet.

$TIME

• Current Market Cap: $6 million

• Highest Market Cap: $8.5 million

• 24 HR Trading Volume: $30.2 million

• Number of Holders: 7,600

Conclusion

Raydium's LaunchLab may seem like a "delayed counterattack," but its overall design has systematically responded to Pump Fun's advantages, not only providing customizable token issuance modes but also expanding an open front-end strategy represented by cook.meme, aiming to bring traffic, fees, and narratives back to the Raydium ecosystem.

However, whether LaunchLab can truly create wealth and reignite a meme craze still depends on three core factors:

• Whether it can produce strong viral projects;

• Whether the fee and liquidity design is friendly to retail investors;

• Whether the ecosystem can quickly gather front-end tools and create network effects.

Currently, it seems that all three factors need improvement, but LaunchLab has only been open for less than a month, so declaring the platform a failure would be too hasty. The crypto space is ever-changing, and perhaps the next hundred-fold meme will emerge from LaunchLab; let's wait and see.

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