Raydium LaunchLab 24-hour graduated token volume exceeds Pump.fun, with a total of 198 graduated

Mars Finance News, on May 13, according to Dune panel data, the token issuance platform LaunchLab under Raydium graduated 198 tokens in the past 24 hours, exceeding Pump.fun's token graduation number of 171. Among the 198 graduated tokens, the vast majority come from the meme coin issuance platform Letsbonk.Fun developed in collaboration with BONK and Raydium. Additionally, Raydium LaunchLab issued 15,558 tokens in the past 24 hours, while Pump.fun issued 23,073 tokens in the same period. Raydium's LaunchLabs went online on April 16, and according to its mechanism, tokens need to raise 85 SOL (approximately $11,150 at current prices) to "graduate" and migrate to Raydium's AMM liquidity pool for trading. On the Pump.fun platform, when a token's market value reaches around $69,000 (or equivalent in SOL), its liquidity will be automatically migrated to PumpSwap.