According to online reports, according to Dune panel data, Raydium's token issuance platform LaunchLab has 198 graduation tokens in the past 24 hours, exceeding the 171 graduation token number of Pump.fun Most of the 198 tokens that graduated came from Letsbonk.Fun, a Meme coin issuance platform jointly developed by BONK and Raydium. In addition, 15558 tokens were issued on Raydium LaunchLab in the past 24 hours, and 23073 tokens were issued on Pump.fun in the past 24 hours. Raydium's LaunchLabs went online on April 16. According to its mechanism, tokens need to raise 85 SOL (approximately US$11,150 at current prices) to graduate and migrate to Raydium's AMM fund pool for trading. On the Pump.fun platform, when the market value of a token reaches approximately US$69,000 (or the equivalent of SOL), its liquidity is automatically migrated to PumpSwap.