Raydium, the Solana-native Automated Market Maker (AMM), is said to be launching
LaunchLab, a platform rivaling Pump.fum for issuing meme-coins on the Solana network. This development has had significant market effects, including
RAY, its native token, rising and falling significantly. However, amid the market volatility, analysts see more gains ahead as the
LaunchLab platform and the strong trading volumes on its decentralized exchange (DEX) give an edge over competitors. Notably,
Raydium outperformed Uniswap in terms of monthly DEX volumes twice in a row and even surpassed Ethereum in daily revenue. This resulted in an anticipated valuation lift, suggesting a potential future entry into the perpetual futures trading market. Additionally, its integration with
MoonPay highlights the strides it is making to enhance the user experience on the Solana network. Despite the fierce competition between
Raydium and
Pump.fun, some experts argue that both can have simultaneous successes, couching their rivalry as an 'Ecosystem Civil War.' However, there are also concerns about
Raydium moving forward as they prepare to face future struggles predicted for 2025, although speculations suggest a potential rebound for
Solana tied to
Raydium's strategic move.
Raydium Coin News Analytics from Mon, 22 Jul 2024 07:00:00 GMT to Wed, 19 Mar 2025 20:11:13 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 5
