Yesterday, on April 16th, Raydium, the main distributed exchange (DEX) of Solana Red, launched a token and MemeCoins creation platform called LaunchLab.
As Cryptootics reports, LaunchLab is a platform that allows you to launch tokens Through an interface that does not require users to have extensive programming knowledge.
In this environment, the link curve generates fluidity (Bonding curve) Raydium Automated Market Infrastructure (AMM).
The link curve is a mathematical mechanism that determines the price of a token based on offers in circulation. This means that when more units are issued, the active price will automatically rise and decrease when withdrawn.
In this way, the curve acts as an AMM within an intelligent contract, promoting liquidity and allowing transparent and predictable funds, without the need for traditional buyers or sellers.
As reported by the Raydium development team, 85 Solana (Sun) predefined targets reach $11,000 at current price and reach mode just (the default configuration for fast releases), the collected sun equivalent to the tokens are automatically transferred to the Liquidity Pool of Radium AMM.
In addition, Liquidity tokens are blocked or burned To ensure long-term stability.
Of the 100% of the fees generated by the transaction, 50% are allocated to the Community Fund for creators and merchants. The remaining percentages are divided into: 25% for infrastructure and operations, and an additional 25% will be allocated to repurchase of Raydium (Ray), the native token of Dex de Solana.
The appearance of LaunchLab occurred a few weeks after Pump.Fun, another platform specialising in creating MemeCoins in Solana, presented Pumpwap, his own Dex. Therefore, a comparison between both developments is inevitable.
but, Why talk about the rivalry and competition between Raidium and the pump?
Before the advent of PumpWap, assets created in Pump.Fun were channeled via Raydium to generate approximately 30% of the total exchange of DEX.
Pumpwap has attempted to change this process to maintain control over the volume, fluidity and culture of the Solana Memes Ecosystem.
Infra, an anonymous collaborator for Raydium Nucleus, is known as this “rival” with Pump.Fun, and “will not try to compete with the platforms that Raydium uses. LaunchLab offers permission to provide neutral infrastructure and facilitate token launches.”
He revealed it launchlab no es fork (Branch) pump.fun. “The LaunchLab Interface mimics its design with friendliness, but it’s much more versatile,” he said.
Ray prices will be uploaded
After the announcement, a price shot of Raidium’s native tokens and It’s the second asset with the best weekly performance It is within the top 100 market capitalization.
Over the past seven days, Ray’s price has grown from $1.60 to $2.42, representing an increase of over 37%.
Looking ahead, the great unknown is whether Laintlab will give the Memecoins market a new impulse.
This sample shows the market capitalization of cryptocurrency memes. It reached $137,000 million, and its past maximum reached $460,000 million in August 2024.. It fell by more than 66%.
Cathie Wood, CEO of investment firm Ark Investment, believes that the surge in these assets, driven by tools such as LaunchLab and Pump.Fun, could lead to overproduction of tokens without solid foundations.
“The combination of cryptocurrency networks and artificial intelligence creates millions of memo coins.
Infrastructure, on the other hand, makes the situation a different reading and highlights it LaunchLab is the first step in a project whose ultimate goal is to “strengthen the Solana Ecosystem.”
(tagstotranslate)altcoins
