Raydium LaunchLab's 24-hour graduation Token volume surpassed Pump.fun, with a total of 198 graduates.

According to BlockBeats news on May 13, based on Dune panel data, the token issuance platform LaunchLab under Raydium has graduated 198 tokens in the past 24 hours, surpassing the 171 tokens graduated by Pump.fun. The majority of the 198 graduated tokens come from the Meme coin issuance platform Letsbonk.Fun, developed in collaboration with BONK and Raydium. Additionally, LaunchLab has issued 15,558 tokens in the past 24 hours, while Pump.fun has issued 23,073 tokens. Raydium's LaunchLabs was launched on April 16, and according to its mechanism, tokens need to raise 85 SOL (approximately $11,150 at current prices) to "graduate" and migrate to Raydium's AMM liquidity pool for trading. On the Pump.fun platform, when a token's market capitalization reaches approximately $69,000 (or the equivalent in SOL), its liquidity will automatically migrate to PumpSwap.