Raydium is set to launch a new token launchpad called LaunchLab, similar to Pump.fun.LaunchLab will offer various bonding curves and customizable fee structures for token issuers.Raydium's native token saw a 25% drop in February amid concerns that revenue could decline due to competition from Pump.fun.LaunchLab is intended as an alternative for teams that prefer Raydium's AMM v4 for migrating pools and not as a replacement for Pump.fun.