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Raydium LaunchLab: how launches work and how to trade

Raydium LaunchLab is Raydium's bonding curve program. Each launch sets its own target, then graduates to a Raydium pool. How LaunchLab tokens trade in clusterz.

LaunchLab is less a launchpad than a kit. Raydium runs the program, platforms plug their own settings into it, and the launches all look slightly different. Read the launch, not the brand.

The Trenches board on one page: new Solana pairs with rug checks on the card.

What is Raydium LaunchLab?

Raydium LaunchLab is the launch program run by Raydium, one of Solana's big exchanges. A token starts on a LaunchLab bonding curve instead of a pool, so the creator does not have to seed liquidity on day one.

Buyers send SOL, or another quote token, into the curve and get tokens back at the curve's price.

One program, many platforms. Each platform that launches on LaunchLab has its own platform settings: fees, LP policy, launch options.

bonk.fun is the best known of them. In clusterz, a bonk.fun launch gets its own pill and chip, and every other LaunchLab launch reads as plain LaunchLab.

How a LaunchLab launch runs

  1. The curve. Each launch sets how many tokens it sells and how much it has to raise. Raydium's docs describe two ways to launch from Raydium's own site: JustSendit, with the target fixed at 85 SOL, and LaunchLab mode, where the creator picks a target of at least 24 SOL. Platforms built on the program can set their own.
  2. Progress. Curve progress is the share of the curve's tokens sold. It can fall: sells put tokens back on the curve.
  3. Graduation. The curve is done once its sale is sold and its raise is met. On chain the pool flips from trading to raised and waiting to migrate.
  4. Migration. The raised funds and the remaining tokens seed a Raydium pool, and trading restarts there. Raydium's docs name a CPMM pool for this, usually on the 0.25% fee tier. The LP tokens from that pool are burned, locked or sent to the creator, depending on the launch's settings.

That last point matters more than it looks. A burned LP means nobody can pull the pool.

A creator-held LP means somebody can. The card does not show it. If it matters to your trade, read the launch's settings or the token's pool before you size up.

LaunchLab graduation: why there is no one number

Every LaunchLab launch sets its own sale size and target. So the market cap at graduation differs from launch to launch, and a percent on one LaunchLab curve does not mean the same money as the same percent on another.

On a standard pump.fun curve, 100% is about 411 SOL of market cap. On LaunchLab, 100% is whatever that launch said it would be.

What that means in practice: don't port your pump.fun instincts. "80% bonded" on pump.fun is a known distance from graduation. On LaunchLab you only know it is 80% of this launch's own sale. More in what is a bonding curve.

LaunchLab new tokens in clusterz

New LaunchLab tokens land in Trenches, the Discover tab for new launches, in all three columns:

  • New: under 50% of the curve, or not known yet.
  • Soon: 50% and up, furthest along on top.
  • Graduated: migrated and trading in its Raydium pool, most recent on top.

The card wears the Raydium pill on its logo's corner. The ring is curve progress, violet once graduated. Hover or tap the logo for the exact percent.

To see only plain LaunchLab launches: LaunchLab launches only. This keeps LaunchLab on and turns the other six chips off, Bonk included.

Want every token on Raydium's curve, bonk.fun too? All LaunchLab launches, bonk.fun included keeps Bonk and LaunchLab on.

Both links set all three columns for your visit and save nothing. Press Save on a column to keep its filters.

LaunchLab graduation in Trenches

When a LaunchLab curve completes, the card does not jump straight to Graduated. It stays at the top of Soon with a full ring and reads Migrating: "Curve done, its pool is opening".

Buy shows a spinner and does nothing, because there is nothing to buy from. Once the Raydium pool trades, or 20 seconds after the curve finished at the latest, the card moves to the top of Graduated. See Migrating.

A graduate whose market cap drops under 5 SOL leaves Graduated. Plenty do.

Before you buy a LaunchLab token

  • Read the holder checks. Top 10 over 30%, a dev over 5%, snipers, insiders or the bundle over 20%: each turns its pill warning colour. See holder checks.
  • Check the dev. DS on the dev pill means the dev sold. See the dev wallet check.
  • Mind the quote. Some curves trade against a token other than SOL. The chip on the logo's bottom left names it, and the market cap moves with that token too.
  • Size for the pool. A fresh Raydium pool can be thin. Your own sell moves it. See exit liquidity.

None of this catches a side wallet, a dev who moves tokens first, or a sell that lands after you look. Read the rug check for the full pass.

What clusterz cannot do on LaunchLab

  • Copy Trade skips it. A copy of a trader follows buys on pump.fun and PumpSwap. A buy on a LaunchLab curve or in a Raydium pool is skipped. See Copy Trade limits.
  • Snipes skip it. Fast, together and dev copies read pump.fun and PumpSwap trades only.
  • No LP readout. We do not show whether a graduate's LP was burned, locked or kept.

What works: buying and selling by hand from a card or the token page, in Practice or Live, and your exits on the position once you hold it.

A Practice fill on a LaunchLab curve is priced from the same curve read as a Live trade. See Practice and Live.

Raydium LaunchLab FAQ

What is the LaunchLab graduation threshold?

It is set per launch. Raydium's docs give 85 SOL for its JustSendit mode and a minimum of 24 SOL for its LaunchLab mode, and platforms like bonk.fun set their own. The curve graduates when its sale is sold and its raise is met.

Where do LaunchLab tokens trade after graduating?

In a Raydium pool. Raydium's docs say graduation creates a CPMM pool seeded from the curve, usually on the 0.25% fee tier. In clusterz the card moves to Graduated once that pool trades.

Is bonk.fun the same as LaunchLab?

bonk.fun is one platform on LaunchLab. Same program, same kind of curve, bonk.fun's own settings. In clusterz bonk.fun launches wear the Bonk pill and the rest wear the Raydium pill. See bonk.fun.

How do I find LaunchLab new tokens?

Open Trenches with one of the links above, or keep only LaunchLab on in a column's Launchpads filter. Every column holds up to 200 cards.

Sources, checked 5 November 2026

Launchpads change their settings often. Spot something out of date? Tell us on Discord.