Raydium launches LaunchLab to rival Pump.fun

Solana DEX Raydium is launching LaunchLab, a token launchpad similar to pump.fun, following reports that pump.fun is developing its own AMM. LaunchLab offers custom bonding curves, flexible fees and multi-token support, providing an alternative for projects preferring Raydium’s AMM v4. According to Blockworks, the move comes as pump.fun tokens accounted for 41% of Raydium’s swap fee revenue last month.