Raydium is developing Meme coin issuing platform LaunchLab to compete with Pump.fun

PANews reported on March 19 that according to The Block, Solana's ecological decentralized exchange Raydium plans to launch a Meme coin issuance platform "LaunchLab", to compete with Pump.fun. Raydium's "LaunchLab" is essentially a fork of Pump.fun, but with some selective differences. It will take a similar logarithmic binding curve, but also allows third-party user interfaces to set fees and access Raydium's liquidity pool directly. The project has been in development for months, according to reports.