Pump.fun has acquired the crypto trading terminal Vyper and will retire Vyper’s standalone product as it moves key infrastructure into Pump.fun’s Solana memecoin launchpad ecosystem. Vyper said core features would begin shutting down on Tuesday, with only limited functionality remaining available. Users were directed to Pump.fun’s Terminal (previously named Padre) to access comparable tools going forward.
The transaction is part of Pump.fun’s effort to consolidate more of the trading workflow — from token launches to execution and analytics — as memecoin activity cools after the speculative surge of late 2024 and early 2025. The companies did not disclose financial terms, and Pump.fun did not respond to a request for comment before publication.
This deal follows earlier moves to build trading infrastructure: on Oct. 24, Pump.fun acquired the trading terminal Padre to improve liquidity and execution for tokens launched on its platform; Padre was later rebranded as Terminal. In January, Pump.fun also launched an investment arm called Pump Fund, signaling a shift away from a pure memecoin focus. Pump Fund debuted alongside a $3 million hackathon intended to support early-stage projects, including ventures outside crypto.
The expansion comes amid a notable cooling in the memecoin market. Pump.fun’s rapid growth had been driven by intense speculative activity on Solana, but revenue has fallen as memecoin popularity waned. According to DefiLlama, Pump.fun’s monthly revenue peaked at more than $137 million in January 2025 and fell roughly 77% over the next year to about $31 million in January 2026.
The broader memecoin sector also contracted sharply. In December 2024, memecoins tracked by CoinMarketCap briefly exceeded $100 billion in aggregate market capitalization; at the time of this article the sector was valued at roughly $28 billion, a decline of about 72%.
The move to fold Vyper into Pump.fun’s ecosystem reflects a strategy to centralize product offerings and capture more of the post-launch trading lifecycle as market dynamics change. Users of Vyper are being funneled to Pump.fun’s Terminal to continue accessing trading and analytics tools.
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