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MainNewsSolana Showd...

Solana Showdown: Raydium’s LaunchLab Set to Challenge Pump.fun’s Reign


by Peter Mwangi
for CoinEdition
Raydium Enters Solana Meme Coin Fight
  • Raydium announces its own meme coin launchpad, LaunchLab, on the Solana chain
  • LaunchLab aims to directly challenge Pump.fun’s position in the Solana meme coin market
  • Pump.fun recently launched its own DEX, PumpSwap, as competition intensifies

Raydium, the well-established decentralized exchange (DEX) on the Solana blockchain, is set to directly compete with the meme coin launchpad Pump.fun by launching its own platform called LaunchLab

This announcement comes just days after Pump.fun, which recently launched its own DEX, PumpSwap, is facing a revenue dip and increased competition in the Solana ecosystem.

Pump.fun has been having mixed success lately. While it attracted millions of users and generated over $600 million in revenue, most of the 8.7 million tokens created have lost value. 

Only four have maintained a market capitalization above $100 million. In response to a nearly 60% drop in monthly revenue, is why Pump.fun had launched PumpSwap.

The post Solana Showdown: Raydium’s LaunchLab Set to Challenge Pump.fun’s Reign appeared first on Coin Edition.

Read the article at CoinEdition

Read More

XRP Holds $2.20 Support as April 30 Nears – ETF Buzz Fades, Traders Eye Next Move

XRP Holds $2.20 Support as April 30 Nears – ETF Buzz Fades, Traders Eye Next Move

XRP is currently trading near $2.28, slightly below its recent high of $2.35, and jus...
SHIB’s Recovery Rally Now Faces Critical Test as Hackers Offload Millions in Tokens

SHIB’s Recovery Rally Now Faces Critical Test as Hackers Offload Millions in Tokens

Shiba Inu (SHIB) is facing fresh selling pressure after hackers offloaded an enormous...
MainNewsSolana Showd...

Solana Showdown: Raydium’s LaunchLab Set to Challenge Pump.fun’s Reign


by Peter Mwangi
for CoinEdition
Raydium Enters Solana Meme Coin Fight
  • Raydium announces its own meme coin launchpad, LaunchLab, on the Solana chain
  • LaunchLab aims to directly challenge Pump.fun’s position in the Solana meme coin market
  • Pump.fun recently launched its own DEX, PumpSwap, as competition intensifies

Raydium, the well-established decentralized exchange (DEX) on the Solana blockchain, is set to directly compete with the meme coin launchpad Pump.fun by launching its own platform called LaunchLab

This announcement comes just days after Pump.fun, which recently launched its own DEX, PumpSwap, is facing a revenue dip and increased competition in the Solana ecosystem.

Pump.fun has been having mixed success lately. While it attracted millions of users and generated over $600 million in revenue, most of the 8.7 million tokens created have lost value. 

Only four have maintained a market capitalization above $100 million. In response to a nearly 60% drop in monthly revenue, is why Pump.fun had launched PumpSwap.

The post Solana Showdown: Raydium’s LaunchLab Set to Challenge Pump.fun’s Reign appeared first on Coin Edition.

Read the article at CoinEdition

Read More

XRP Holds $2.20 Support as April 30 Nears – ETF Buzz Fades, Traders Eye Next Move

XRP Holds $2.20 Support as April 30 Nears – ETF Buzz Fades, Traders Eye Next Move

XRP is currently trading near $2.28, slightly below its recent high of $2.35, and jus...
SHIB’s Recovery Rally Now Faces Critical Test as Hackers Offload Millions in Tokens

SHIB’s Recovery Rally Now Faces Critical Test as Hackers Offload Millions in Tokens

Shiba Inu (SHIB) is facing fresh selling pressure after hackers offloaded an enormous...