According to The Block, Solana's 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 adopt a similar logarithmic binding curve, but also allows third-party user interfaces to set fees and directly access Raydium's liquidity pool. Reportedly, the project has been in development for several months.