Raydium LaunchLab: 3,760 Tokens Created, But Success Rate Remains Low

Raydium’s LaunchLab has launched a flurry of new tokens, generating an impressive 3,760 in just days. However, only a small fraction, at 1.12%, have progressed beyond the initial stage, raising questions about true innovation and sustainability within the Solana DeFi ecosystem. The platform is designed to empower token creation on the Solana blockchain but also highlights the challenges of achieving success in this space.