Solana's Giant Platform Rises with Meme Coin and Buyback Move! - Coin Newsletter

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Raydium has launched LaunchLab, a token launch tool to rival Pump.fun, one of the pioneers of the memecoin hype. 25% of the platform's trading fees will be used to repurchase RAY.

The Solana network's leading DEX, (merkeziyetsiz borsa) Raydium**, has officially unveiled its new token creation platform, LaunchLab. This move, which is a response to Pump.fun's popularity, has further intensified Raydium's rivalry with his former partner. Following the development, Raydium's native token RAY) attracted attention by gaining 18% in value.

LaunchLab allows users to easily launch new tokens and integrates directly with Raydium's liquidity pools. In addition, third-party projects can set their own transaction fees. 25% of the transaction fees generated from the platform will be used for RAY token buyback.

This announcement comes after Pump.fun launched its own DEX platform, PumpSwap**, last month. Pump.fun had established a strong collaboration between the two by directing the tokens it had previously created to Raydium. However, this cooperation with PumpSwap, which went live on March 20, has come to an end. With the new system, PumpSwap has become a direct competitor to Raydium's AMM (otomatik market yapıcı) model.

Meme coin wars heat up

In its first 10 days, PumpSwap achieved $2.5 billion in trading volume. Since its publication, the total trading volume has exceeded $31.7 billion**. This rapid rise led to a significant reduction in Raydium's revenue and accelerated the development of LaunchLab.

Although LaunchLab is stated to have a similar functioning to Pump.fun, RAY stands out with some differences, such as the buyback mechanism. Raydium's move is seen as part of its strategy to both strengthen its tokenomics and maintain its user base.

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