Raydium, a major platform on the Solana blockchain known for its DeFi offerings, has launched its own memecoin launchpad called LaunchLab. This move follows a split from Pump.fun, their previous key partnership partner, which had significantly impacted Raydium’s traffic and operations. 10 projects have already reached the minimum of 85 SOL (roughly $11,150 at current prices) to join Raydium’s AMM for immediate liquidity, reflecting early user interest. 💰 🤝 LaunchLab aims to simplify token launch processes on Solana by offering customizable features for community-driven launches. This includes adjustable bonding curves, 1% trading fees, and zero migration costs. All these advantages help developers build without facing technical hurdles. The platform’s rapid success is evident, as it comes shortly after Pump.fun launched its own decentralized exchange (DEX) named PumpSwap, ending their collaboration with Raydium. Now that the specifics of LaunchLab are out in the open, the market has reacted positively to Raydium’s token RAY and Solana’s SOL tokens have rallied by nearly 13% and 4%, respectively. This signals an impactful future for Solana’s memecoin landscape.