The firm behind Solana based on the Automated Market Maker (AMM) Raydium has launched a memecoin-making protocol, launchlab, which looks like to compete with the pump.fun.
The Coming of Launchlab on April 16 arrived a month after Pump.fun, previously a major contributor to Raydium’s income, Clean contact with the firm By the token of its transfer from the pools of the Liquidity of the Raydium to its own before Decentralized exchange, pumpswap.
The launchlab will get the pools of the raydium and aims to i -Dethrone the pump.fun as the leading solana memecoin launchpad.
Raydium says giving a launchlab Memecoin lovers with customizable bonding curves and no transfer fees, while tokens raising 85 Solana (Sol) – Currently worth $ 11,150 – is moving to Raydium’s AMM Immediately.
Around 10 launchlab tokens have surpassed this threshold, According to On the launchlab platform.
Raydium Says Can launch tokens for free and can opt-in to earn creators to earn 10% of trading fees From AMM pool post-graduation.
Launchlab trading fees are set at 1%, and 25% of fees will be used for Raydium (Ray) Buybacks.
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The news has been trapped close to 14% ray token price climbing, pushing it up to $ 2.41 four hours after announcement before falling to $ 2.21 at the time of writing, coingecko Data Shut up.
Volume pumpswap in a tear
Pumpswap’s sun -day -notes in trading volume are now broken five days in a row After posting $ 460 million on April 17.
April 17 Tally is narrowly released $ 454.9 million in trading volume on April 16, making it a fourth consecutive day of over $ 400 million.
Pumpswap is now processing $ 7.3 billion worth of volume since its launch on March 22, Defillama Data Shut up.
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