RAY Token Gains 13% as Raydium Unveils New Token Issuance Service

Raydium Introduces LaunchLab to Streamline Token Issuance on Solana

Raydium, one of Solana’s leading decentralized exchanges (DEX), is gearing up to launch LaunchLab, a new token issuance platform designed to enhance on-chain token creation while driving additional revenue to the protocol.

Following the announcement, Raydium’s native token, RAY, surged 13% over the past 24 hours, significantly outperforming the broader market’s 1.62% gain, as tracked by the CoinDesk 100 (CD100) index.

Similar in concept to Pump.Fun, LaunchLab will provide an automated token launch system but with enhanced functionalities. The platform will introduce three types of bonding curves, which dynamically adjust token prices based on demand, and will allow third-party interfaces (UIs) to set customizable fees.

According to Raydium developer @0xINFRA, LaunchLab will integrate seamlessly with Raydium’s existing ecosystem, including AMM v4, CP-Swap, and CLMM pools, ensuring a smooth experience for projects launching tokens.

“We’re building infrastructure, not trying to replace existing launchpads. LaunchLab is about enabling easier, permissionless token launches for teams,” @0xINFRA explained on X.

Raydium’s Role in the Solana Token Market

Raydium remains a dominant liquidity provider on Solana, generating over $1 million in daily fees from trading activity. As of February, Pump.Fun-related tokens accounted for more than 30% of Raydium’s daily trading volume, according to Dune Analytics.

Pump.Fun, known for allowing users to create tokens with minimal capital investment, had historically relied on Raydium for liquidity. However, in February, Pump.Fun launched its own automated market maker (AMM), signaling a shift away from using Raydium’s platform for token trading.

Despite the competitive landscape, there is no formal partnership between Raydium and Pump.Fun, and neither team has publicly commented on the shift in trading activity.

Not a Pump.Fun Clone, Says Developer

After the announcement, some speculated that LaunchLab was merely a fork of Pump.Fun, a claim that @0xINFRA swiftly denied.

“LaunchLab’s UI may look familiar, but it’s built for broader liquidity solutions. This isn’t about copying anyone—it’s about expanding Solana’s capabilities,” he stated.

LaunchLab is just the beginning, according to the developer, with more tools planned to tackle diverse liquidity challenges in the ecosystem.

With Raydium pushing forward with LaunchLab and other innovations, the DEX is solidifying its role as a major player in on-chain token trading and issuance on Solana.