Radium launches ”Launch Labs”, a competitive platform to compete against PumpDotFan

Raydium, the largest decentralized exchange (DEX) on Solana, has announced that it has acquired meme coin generation platform Pump.fun.
According to The Block, on the 16th (local time), Radium officially launched a new token issuance platform called "Ro
Immediately after this news was announced, Radium's governance token, RAY, rose by about 8%.
The Launch Lab, which was released this time, is a tool designed to make it easy for anyone to create new virtual currencies. The platform is Radium's
It will be directly connected to the liquidity pool and will also support a function that allows external platforms to set trading fees.
According to reports, Radium and Pumpfan used to work closely together and helped each other generate revenue, but their relationship has recently changed drastically.
If the market capitalization of the tokens created by Pumpfan exceeds $69,000 (approximately 9.85 million yen), they will automatically be listed on the Radium exchange and will be available for secondary trading. However, on March 2
On the 0th, PumpFan unveiled its own AMM-based exchange, PumpSwap, severing its subordinate relationship with Radium and entering into direct competition.
PumpSwap recorded a trading volume of $2.5 billion (approximately 357 billion yen) just 10 days after its launch, and its current cumulative trading volume is 317
DefiLlama has tallied over $40 billion in total funding. In response, Radium has offered a similar feature through Launch Labs.
However, they are still trying to differentiate themselves.