Raydium has launched LaunchLab, a new Solana token launchpad, separating from Pump.fun, its former partner. This launchpad offers enhanced token creation features compared to Pump.fun's simpler model, allowing deployers to customize token supply, bonding curves, and liquidity migration. LaunchLab also includes options for token vesting and fee sharing, appealing to developers seeking more flexibility. In light of the split, Pump.fun has introduced its decentralized exchange, PumpSwap, aimed at improving token migration and project revenue sharing with creators. Following these developments, Raydium’s RAY token saw an increase of nearly 9%, amidst the competitive landscape that has emerged between the two platforms, both seeking to enhance their services and address user needs in the growing Solana ecosystem.

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