Solana-based memecoin launchpad Pump.fun has acquired the Padre trading terminal for an undisclosed amount. The acquisition, announced on Friday, October 24, 2025, signals Pump.fun's continued expansion amidst a cooling memecoin market. Pump.fun aims to enhance liquidity for tokens on its platform, recognizing trading terminals as essential for driving higher trading volumes.
Padre, described by Pump.fun as offering a strong user experience, cashback rewards, competitive fees, and dedicated trader support, is a multi-chain trading terminal supporting trading across Ethereum, Solana, BNB Chain, and Base. Padre is designed to deliver a seamless trading experience across multiple chains for memecoins. It combines fast transaction speeds, advanced trading tools, and an intuitive interface. Padre offers features such as multi-wallet strategies, price alerts, and Discord-based alpha signals for traders.
While Padre will continue its operations, users can anticipate significant enhancements in user experience, data quality, and speed, alongside improved trading incentives. The PADRE token will cease to have any functional use on the platform, with no plans for future utility.
Launched in January 2024, Pump.fun is a cryptocurrency launchpad on the Solana blockchain that enables users to create and trade memecoins instantly. The platform allows users to launch their own tokens with minimal technical knowledge and automatically lists them on decentralized exchanges once certain liquidity thresholds are met. Pump.fun emphasizes decentralization, permissionless access, and no censorship, requiring no coding. As of January 2025, over 6 million memecoins had been launched on the platform.
Pump.fun utilizes a bonding curve pricing model, adjusting token prices based on supply and demand to ensure a dynamic trading environment. When a token's market cap reaches $69,000, liquidity is added to Raydium, enhancing market stability. The platform generates revenue through a 1% "swap fee" on all tokens traded and 1.5 Solana tokens when a coin "graduates" after hitting a market cap of $90,000. Pump.fun was estimated to have generated $60 million in transaction fees in the first half of 2024.
Pump.fun remains the largest launchpad for memecoins on Solana but its market share has decreased from a peak of around 75% to roughly 44%. The acquisition comes as Pump.fun works to maintain its dominance in a memecoin market that has cooled significantly from its peak in 2024 and early 2025. The overall memecoin market capitalization has fallen by more than 21% over the past 30 days.
Memecoins are largely driven by market sentiment rather than traditional financial metrics. Virality and community engagement significantly influence a memecoin's value. While the total market cap of top memecoins remains lower than the peak of 2021, the performance of the memecoin class of 2024/2025 has been impressive.
Despite the cooling market, Pump.fun has demonstrated resilience. The platform has reestablished a near-monopoly in the token graduation market, controlling 95% of daily activity. Pump.fun's ability to hold user attention during market downswings has helped it maintain its lead. The platform generates around $1 million in daily revenue.
Analysts predict increased sector consolidation as Pump.fun strengthens its position in the Solana-based memecoin and DeFi markets. The decision to phase out the PADRE token reflects a shift in focus toward platform integration rather than token utility. Pump.fun emphasized that the acquisition aims to improve user experience by consolidating services under a single, unified interface.
