Raydium LaunchLab and Pump.fun See New Token Launches
Solana-based launchpads continue to see activity with new token debuts. The token $WICKZ launched on Raydium LaunchLab using a bonding curve model with no presale. Meanwhile, platforms like Pump.fun are being used for fair launches, with one project describing a process where a filled bonding curve triggers token distribution to all initial buyers, aiming to circumvent bundlers.
- Raydium's LaunchLab allows token creators to choose between different types of bonding curves, such as linear, exponential, or logarithmic, to control the token's price dynamics as the supply changes. Once a preset funding goal in SOL is met, liquidity is automatically moved to a Raydium Automated Market Maker (AMM) pool, and the LP tokens are burned to ensure pool integrity. - Pump.fun standardizes its launches by giving every token a 1 billion supply and using a linear bonding curve. This platform simplifies the launch process to selecting a name, image, and making a small SOL payment, eliminating the need for coding or manual liquidity provision. - A key feature of Pump.fun is its automated "graduation" to Raydium. Once a token's market cap on the bonding curve reaches $90,000, a portion of the SOL is used to create a liquidity pool on Raydium, making it tradable on a larger decentralized exchange. - LaunchLab offers creators a share of the trading fees from the AMM pool as an incentive. This feature aims to attract projects by providing a continuous revenue stream, a different economic model compared to Pump.fun's launch-focused process. - The rise of platforms like Pump.fun has been a significant driver of activity on Solana, leading to what some have called a "meme coin supercycle" in late 2024 and early 2025. However, the success rate of these tokens graduating and maintaining long-term value remains low, with a high risk of "rug pulls". - In response to Pump.fun launching its own AMM tool, PumpSwap, Raydium developed LaunchLab to compete directly and retain its market share of the memecoin trading volume. Prior to this, a significant portion of Raydium's trading volume originated from tokens that graduated from Pump.fun. - The "fair launch" principle on Pump.fun means there are no presales or team allocations, which is intended to create a more level playing field and prevent early insiders from manipulating the price. - Tools are emerging within the ecosystem to interact with these launchpads, such as PandaTool, which allows for bundled purchases at the moment of a token's creation on Pump.fun to get ahead of MEV bots.
