Raydium Launches LaunchLab to Challenge Pump.fun’s Dominance in Solana Memecoins

Raydium, the company behind the Solana-based automated market maker (AMM) Raydium, has introduced LaunchLab, a new protocol designed to compete with Pump.fun, the prominent Solana memecoin launchpad. 10 days after Pump.fun moved its token migration from Raydium’s liquidity pools to its own decentralized exchange, PumpSwap, this move marks Raydium’s attempt to reclaim leadership in the space.