Raydium is developing a Meme coin issuance platform called LaunchLab to compete with Pump.fun

According to The Block, Solana's decentralized exchange Raydium plans to launch a Meme coin issuance platform called "LaunchLab" to compete with Pump.fun. Raydium's' LaunchLab 'is essentially a fork of Pump.fun, but with some selective differences. It will adopt a similar logarithmic binding curve, but also allow third-party user interfaces to set fees and directly access Raydium's liquidity pool. According to reports, the project has been under development for several months.