Raydium, a Solana-based decentralized exchange, has launched LaunchLab, a new token issuance platform aimed at enhancing its market position following the departure of Pump.fun, a former key revenue contributor. This strategic move comes as Pump.fun has launched its own decentralized exchange, PumpSwap, potentially challenging Raydium's dominance in the Solana memecoin market. The introduction of LaunchLab is expected to attract new projects and drive additional revenue, as Raydium seeks to maintain its competitive edge in the rapidly evolving decentralized finance landscape. Meanwhile, Raydium's native RAY token has seen a 13% increase, reflecting positive market sentiment towards these developments.
Raydium's LaunchLab: Competing in the Decentralized Exchange Arena
October 02, 2025
1 min read
Raydium, a Solana-based decentralized exchange, has launched LaunchLab, a new token issuance platform aimed at enhancing its market position following the departure of Pump.fun, a former key revenue contributor. This strategic move comes as Pump.fun has launched its own decentralized exchange, PumpSwap, potentially challenging Raydium's dominance in the Solana memecoin market.