Raydium’s native token, RAY, experienced a significant price increase during the early hours of trading. This surge follows the announcement of its new token launchpad, LaunchLab, designed to rival Solana’s popular platform. The launchpad is positioned to attract multiple projects and enhance liquidity within the Raydium ecosystem. Traders are optimistic about the potential for growth in RAY’s value. Investors should monitor how this innovation affects overall market dynamics and trading strategies for RAY.