Odaily News According to Blockworks, Raydium, a decentralized trading platform in the Solana ecosystem, launched the Meme coin issuance platform LaunchLab. The platform provides linear, exponential, and logarithmic curve pricing models, and allows third-party UIs to customize fees, while supporting a variety of quote tokens and integrating Raydium's liquidity locking function.
Previously, Pump.fun planned to launch its own AMM to reduce its dependence on Raydium, causing Raydium's native token RAY to fall 25% in February. Raydium core contributors said that LaunchLab is not intended to replace Pump.fun, but to provide more options for teams that do not want to develop contracts on their own. (Blockworks)