DeFi protocol Raydium unveils its token launch platform, LaunchLab, featuring innovative bonding curves and an open approach. This new offering is set to attract numerous crypto projects to the Solana network. Discover how this announcement is already boosting the price of the RAY token.
Raydium, one of the leading decentralized exchange (DEX) platforms on the Solana network, has just announced the upcoming launch of its own token launch platform, named LaunchLab. This new offering aims to attract more crypto projects to the Solana ecosystem while generating additional revenue for Raydium.
Indeed, Raydium’s native token, RAY, has seen a significant 13% increase in the last 24 hours, outperforming the overall crypto market. This positive investor response reflects the excitement surrounding this new launch platform.
Raydium is indirectly entering a war with its competitor Pump.fun, the largest token launch platform on Solana. However, Pump.fun has been in decline following scandals, including the LIBRA memecoin incident.
But unlike “Pump.Fun” solutions, LaunchLab stands out with several ambitious features. Firstly, the platform will offer three different bonding curve types, allowing for fine-tuning of the price and demand for each new token launched.
Furthermore, LaunchLab will allow project teams to customize third-party user interfaces, giving them the freedom to set their own fees. “We are not here to compete with existing launch platforms, but rather to provide a neutral and open infrastructure for crypto teams,” explained a Raydium developer.
It is worth noting that Raydium is already a leader in the Solana ecosystem, as demonstrated by Blockworks’ research.
Raydium had previously announced a token buyback program using a portion of the revenue fees. This new token launch platform is part of a broader revenue diversification strategy for Raydium. Currently, the platform generates over a million dollars in daily transaction fees, with more than 30% coming from tokens launched on Pump.Fun.
Over 35% of @RaydiumProtocol's circulating supply now belongs to RAY staking and RAY buybacks.
— Sharples
Only around 18% is held in CEX wallets. Only 1/3 of this CEX amount is in hot wallets. pic.twitter.com/Scqv2v7VQ1(@0xSharples) February 8, 2025
With LaunchLab, Raydium hopes to attract new crypto projects to its ecosystem, offering a more flexible and customizable experience for teams. Beyond direct revenue, this initiative should also increase adoption of DEX and the RAY token in the long term.
Raydium could see increased adoption in the coming weeks. Its 31% gain indicates that the announcement is pleasing investors.
Currently at $1.82, RAY has broken its upward channel. The compression of the Mean Reversion Channel indicates a major move is approaching.
There are two key resistances above its price: the first at $3 and the second much higher at $4.9. This represents increases of 71% and 159%, respectively. The 4H RSI divergence signals a bullish trend reversal. If the market continues its uptrend, RAY could remain the top gainer in the altcoins market over the next few days or weeks.
Investing in RAY is possible through the Bitget exchange. Here is a clear guide to buying RAY:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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