Raydium has been on the radar for its new venture, the
LaunchLab, which is set to rival
Solana's predominant memecoin maker, Pump.fun. While Raydium's token,
RAY, attained a 28% rise following this unveiling, this saw a subsequent 22% drop due to swirling rumors about Pump.fun's potential modifications. Amidst these developments, Raydium's LaunchLab is posed to be a
direct competitor to Pump.fun's meaning, potential for a memecoin war in the offing. Some analysts see Pump.fun's speculated pivot towards an AMM as a strategic misstep in light of the thriving Solana memecoin ecosystem. Interestingly,
Raydium's latest
contribution to Solana's DEX comes in the wake of a 66% fall, which earned it the label of being 'too hot to handle, by Godbole, a renowned analyst. As developments continue, Raydium continues to compete neck and neck with Pump.fun, following a $31.7B change in trading volume. Despite appearing to 'strike back' at
Pump.fun, there is obvious uncertainty surrounding
Raydium, especially with the introduction of new DEX offerings from aforementioned rival. In tandem with these changes, Raydium also marked another victory where it surpassed
Uniswap in monthly DEX volumes, yet again.
Raydium Coin News Analytics from Wed, 11 Sep 2024 07:00:00 GMT to Fri, 02 May 2025 20:19:37 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor -3
