Solana-based DEX Raydium will launch its own meme token launchpad

Previously, the Pump. fun launchpad started testing its own DEX

19.03.2025 - 09:40

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3 min

What’s new? The team at Raydium, the leading decentralized crypto exchange (DEX) in the Solana blockchain ecosystem, plans to create its own launchpad to launch meme tokens. This new marketplace will be a competitor to Pump. fun, the largest Solana-based meme token launchpad. Work on the project began after last month when the team at Pump. fun started testing its own DEX.

Material by The Block

What else is known? According to Blockworks, the Raydium team has been developing a launchpad called LaunchLab for several months. It will be a fork of Pump. fun with some differences. For example, LaunchLab will allow third-party UIs to set fees and have direct access to Raydium’s liquidity pools.

Currently, more than 35% of Raydium’s revenue comes from Pump. fun. The latter uses Raydium to support secondary market trading for tokens whose capitalization has reached $69 000. Once this mark is crossed, tokens are automatically moved from one platform to another.

At the beginning of 2025, the share of tokens launched on Pump. fun and subsequently listed on Raydium was 1,62%. Thus, its own DEX would preserve more liquidity in the Pump. fun ecosystem.

In February, analysts noted that the successful launch of Pump. fun’s DEX could lead to a 30-50% reduction in trading volume on Raydium, as a result of which the native token of Raydium (RAY) lost 61% over the month. However, amid the latest news, the asset added 10% over the day to reach $1,85.

Solana’s total value locked has fallen 50% in two months

The fall in the indicator comes amid a decline in the popularity of meme tokens

In general, amid a decrease in the hype around meme tokens over the past two months, the number of tokens created daily on Pump. fun tokens and the platform’s revenue also decreased. The share of coins created on Pump. fun and listed on Raydium has fallen below 1% for the first time and stood at 0,86% at the time of writing, according to Dune data.

Bobby Ong, the founder of crypto market data aggregator CoinGecko, said in early March that failed launches and fraud had killed investor interest in meme tokens.

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