Solana-based memecoin launchpad Pump.fun has bolstered its platform by acquiring the Padre trading terminal, marking a strategic move to enhance token liquidity amid a cooling memecoin market. The acquisition, announced on X without financial details, aims to improve trading volumes via a superior user experience, cashback rewards, competitive fees, and dedicated trader support offered by Padre. Primarily a memecoin-focused multichain terminal, Padre supports Ethereum, Solana, BNB Chain, and Base, complementing Pump.fun’s position as the leading Solana memecoin launchpad, which currently holds about 44% market share—down from its previous peak of roughly 75%. This expansion comes as the memecoin sector experiences a significant decline from its 2024 highs, with Pump.fun’s monthly revenue dropping over 80% since January and the overall market capitalization falling more than 21% in the last 30 days, impacted heavily by the October 10 market crash that caused widespread liquidations. By integrating Padre’s technology, Pump.fun seeks to reinforce its dominance and reinvigorate activity in the memecoin space.