Solana-based decentralized exchange (DEX) Raydium has launched its token creator platform, LaunchLab.The announcement via X (formerly Twitter) emphasized that the tool is built for creators, developers, and the community. The team claims LaunchLab enables anyone to launch a token using a permissionless, on-chain process.
How LaunchLab Works
Like its rival Pump.fun, a user launches a token, and once the bonding curve accumulates 85 SOL, the token’s liquidity instantly migrates to Raydium’s automated market maker (AMM). The platform developers claim the migration occurs seamlessly and without any fee, a feature the team brands as “JustSendIt energy.”
While built for rapid token launches, the platform offers creators extensive customization options. Token creators can set parameters such as token supply, total raised amount, and the quantity sold along the bonding curve. LaunchLab also provides vesting options, including an optional cliff and wallet delegation, that give developers greater control over distribution.
Additionally, developers have the flexibility to develop their platform-specific fee structures. This allows third-party user interfaces to tailor the launch experience to their operational strategies while benefiting from Raydium’s infrastructure.
LaunchLab Earn Features
A “Burn & Earn” mechanism allows creators to lock liquidity after migration, in return for earning trading fees from the AMM pool once their token graduates. The revenue-sharing is enhanced by a “Creator Fee Share” feature that lets creators opt in to receive 10% of the trading fees generated from the pool, with the share rights represented by a “Fee Key” NFT.
The base trade fee is set at 1%, and the fee allocation is community-focused. Half the cost is allocated to a community pool intended to benefit creators and traders, while one quarter is earmarked for repurchasing Raydium’s native token, RAY. The remaining quarter supports the platform’s operational expenses.
Meanwhile, a referral program enables users to earn SOL automatically through a share-referral system that rewards them with 0.1% of the swap volume. The Solana community has responded favorably, as the platform is already swarming with various newly created tokens.
A Rival for Pump.fun
Pump.fun has been dominant in the Solana memecoin launch sector, achieving remarkable progress. Blockchain data reveals that its operations have generated millions in revenue over its tenure. Much of the platform’s initial success was driven by active user participation, spurred by the anticipation of a major airdrop.
However, Raydium’s LaunchLab is a counter-move that could erode Pump.fun’s user base. With its multiple earn features and longstanding reputation in the Solana ecosystem, many users may hesitate to commit to a platform with mere promises of an airdrop.
