PANews reported on March 19 that according to The Block, Solana Ecosystem 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 use a similar logarithmic bonding curve, but also allow third-party user interfaces to set fees and directly access Raydium's liquidity pool. The project has reportedly been in development for several months.