Solana-based memecoin launchpad Pump.fun has bolstered its platform by acquiring the Padre trading terminal, aiming to enhance token liquidity amid a cooling memecoin market. The acquisition, announced on Friday, comes as the memecoin sector experiences a significant decline from its peak frenzy in 2024. While financial details remain undisclosed, Pump.fun emphasized that integrating Padre’s multichain trading features and user-friendly design will help drive higher trading volumes.
Padre supports trading on Ethereum, Solana, BNB Chain, and Base, but is primarily focused on memecoin trading. Pump.fun still commands the largest share of Solana memecoin launches—approximately 44%, though this marks a drop from a high of 75%.
The move seeks to sustain Pump.fun’s leadership as the broader memecoin market contracts. Monthly revenues dropped over 80% since January 2025, dipping below $25 million in July, with partial recovery since but still far from previous levels. Market capitalization of memecoins has also decreased by over 21% in the past month. The sector’s downturn was intensified by the October 10 market crash, which triggered widespread liquidation across crypto assets.
In this shifting landscape, Pump.fun’s acquisition of Padre is a strategic effort to strengthen liquidity and maintain its competitive edge in Solana’s evolving memecoin space.