Raydium Launches LaunchLab to Counter Pump.fun’s Move in Solana Meme Token Space

Facing competition from former partner Pump.fun, Raydium has countered with its own memecoin launchpad, called LaunchLab. Launched on April 16th, this platform aims to reassert dominance in the Solana meme token space after Pump.fun relocated their liquidity away from Raydium’s platform to its own DEX, PumpSwap. This move marks a direct challenge for both platforms within the rapidly evolving DeFi landscape. 10 tokens have already met Raydium’s launch criteria and earned access to the AMM.