LaunchLab, a Solana-based launchpad protocol, recorded a sharp jump in trading volume over a single 24-hour period, according to data from DefiLlama's public DEX volume dashboard.
DefiLlama's figures, as observed by Block FOMO through the platform's API, show LaunchLab's trading volume reached $10.45 million in its latest 24-hour window, up from $3.14 million in the prior 24 hours. That marks a change of 232.3%, per DefiLlama.
The dashboard categorizes LaunchLab as a launchpad and tracks it on Solana, the only chain DefiLlama currently monitors for the protocol. The reported figures cover all chains DefiLlama tracks for LaunchLab, which in this case is limited to Solana.
DefiLlama's data does not identify what drove the increase in volume. No cause, project activity or external event is specified in the available figures, and the dashboard functions as a volume tracker rather than an explanatory source. Traders watching Solana-based launchpad activity may note the figures, but the underlying reason for the spike remains unconfirmed based on currently available data.
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Sources & evidence
News, not financial advice. Memecoins carry substantial risk. Market snapshots can change quickly. This story was produced by the Block FOMO desk with AI assistance and checked against its sources. Editorial policy.