tl;dr
Raydium launched its LaunchLab meme coin launchpad on April 17, 2025, creating 3,787 tokens within five days and achieving a graduation rate of 1.14%, which is slightly higher than competitor Pump.fun's 1.13% daily rate. Pump.fun, with a longer presence and over 600,000 tokens created, remains the d...
Raydium LaunchLab, launched on April 17, 2025, generated 3,787 tokens within five days, achieving a graduation rate of 1.14%, marginally higher than Pump.fun's 1.13%. This graduation rate reflects tokens reaching 85 SOL (about $11,150), triggering automatic trading on Raydium’s Automated Market Maker (AMM). Despite this promising debut, Pump.fun holds dominance with over 600,000 tokens created and an established community in the Solana ecosystem.
Other meme coin launchpads such as SunPump (Tron) and Dgen.fun (Aptos) trail behind, producing fewer tokens and lacking significant user engagement. SunPump, despite support from Justin Sun and the Tron ecosystem, has created only eight tokens recently, while Dgen.fun generated 21, reflecting their smaller scale and community.
Raydium LaunchLab’s appeal stems from several competitive advantages: free token creation without migration fees, customizable bonding curves, an automatic liquidity transition at 85 SOL, and a 1% transaction fee—25% of which is used to buy back RAY tokens to support native token value. The announcement of LaunchLab saw RAY token price surge nearly 15%, underscoring strong community optimism.
The ongoing competition in the meme coin launchpad space hinges on technology innovation, community growth, and sustainability. Pump.fun leverages its first-mover advantage and vast scale to lead, yet Raydium LaunchLab’s integration within the Solana ecosystem, known for speed and low costs, positions it to challenge this supremacy through continuous innovation and expanded user adoption.
Ultimately, Raydium must increase its graduation rate and broaden its user base to truly outpace Pump.fun. The race to dominate the meme coin launchpad market is a dynamic battle, where cutting-edge technology and strong community engagement will decide the future leader.