Raydium launches LaunchLab on 17/04/2025. Within five days, Raydium LaunchLab created 3,787 tokens, achieving a "graduation" rate of 1.14%.
This article analyzes the performance of Raydium LaunchLab, compares it with competitors, and provides an overview of the ongoing meme coin launchpad battle.
Impressive Start but Not Surpassing Pump.fun
Raydium, a prominent project in the Solana ecosystem, introduced LaunchLab meme coin launchpad, aiming to directly challenge Pump.fun.
According to data from Dune, Raydium LaunchLab created 3,787 tokens in the first week, with a "graduation" rate of 1.14%. This rate is based on the number of tokens reaching the threshold of 85 SOL (around 11,150 USD) transition on raAutomatedmatic Market maker (AMM).
Performance of Raydium LaunchLabs. Source: DuneAlthough these numbers show a promising start, Raydium LaunchLab still lags behind Pump.fun. The Solana-based pioneer platform, Pump.fun, has an average daily graduation rate of 1.13% – slightly lower than LaunchLab.
Performance of Pump.fun. Source: DuneMoreover, Pump.fun has had more time to build community and its process, has over 600,000 tokens in 01/2 2025
Meme Coin Launchpad Battle
Beyond Raydium LaunchLab and Pump.fun, the meme coin launchpad battle also involves platforms other platforms like SunPump (Tron), Dgen.fun (Aptos), or Performance of SunPump. Source: Dune
According to Dune Analytics, SunPump only created eight tokens today, while Dgen.fun created 21. These numbers show that platforms cannot compete withance the of Raydium LaunchLab or Pump.fun.
Dune<>Despite support from Justin Sun and theron and the T,sTron, difficulty, SunPump still struggles to attract users. This be partly because Tron is not as attractive to the mas as Solana. Similarly, Dgen.fun has not yet created significant influence, possibly possibly because Aptos is a relatively new blockchain with a smaller community to drive meme coin development.
Key Factors Creating LaunchLab's Attraction
YdLab hasunchhas many competitive advantages. First, the platform allows free token creation, providing features like custom link curves and no transfer fees. When a token reaches the of 85 SOL,, it automatically transfers to Raydium's AMimmediate liquidation.
Additionally, Raydium applies a ee1% transaction fee, with 25% used to buy back RAY token – a move aimed at increasing the's value of the native token.
After the announcement of LaunchLab, RAY price rose nearly 15%, reaching 2.41 USDL before stabilizing atizing 21 USD. reflects strong community optimism about LaunchLab's potential. However, to surpass Pump.fun, Raydium needs to improve its graduation rate and attract more users, especially when Pump.fun has already built established its reputation with a, transparent mechanism.
The meme coin launchpad battle is not just about about the number of tokens created – it's a battle of technology, community, and sustainability. Pump.fun remains the leader, thanks to its first-mover advantage and large scale..,iumLab is asable by Sol, known for fast transaction speeds and low costs.
< p competition becomes increasingly fierce,ydLab's abilityate its user base willbase will key factor in challenging Pump.fun's dominance in the meme coin launchpad field.
