Raydium has launched LaunchLab, a protocol designed to create memecoins and compete with Pump.fun. This rollout follows Pump.fun's migration from Raydium's liquidity pools to its own, which previously contributed significantly to Raydium's revenue. LaunchLab leverages Raydium's liquidity pools and offers features such as customizable bonding curves and the absence of migration fees. Tokens that successfully raise a minimum of 85 Solana will transition to their own trading platforms. As of the announcement, around 10 tokens have already met the required threshold. LaunchLab allows for cost-free token launches, and creators can earn from the AMM pool after graduation. The trading fees for LaunchLab tokens are set at 1%, with a portion allocated for buybacks. Following the news, the RAY token saw a nearly 14% price increase, before stabilizing. Meanwhile, Pump.fun's PumpSwap is experiencing a notable surge in trading volume, reaching records of $460 million on April 17, contributing to a total of $7.3 billion since launching in March.

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