Pump.fun has acquired crypto trading terminal Vyper, pushing further into trading infrastructure as it looks to control more of the trading flow within its ecosystem.
Under this deal, Vyper will shut down its standalone product and migrate users to Pump.fun’s Terminal, previously known as Padre. Vyper said on Friday that core parts of its platform will begin winding down on Tuesday, while some limited features will remain accessible during the transition.
Users were directed to continue using analytics and execution tools through Pump.fun’s Terminal, which now serves as the central trading interface for the platform.
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Pump.fun expands beyond token launches
Pump.fun wants to build its business by acquiring new companies, which will help them grow their trading operations beyond their current ability to create tokens. The platform got famous after operating as a memecoin launchpad on Solana. It also experienced high trading activity during the period from late 2024 to early 2025.
Pump.fun has been steadily expanding its infrastructure. In October, it acquired 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 what the company described as a shift away from a purely memecoin-driven model. Pump Fund’s first event was a $3 million hackathon aimed at helping early-stage projects, including some outside the crypto sector.
The financial terms of the Vyper acquisition were not disclosed.
Consolidation as memecoin activity cools
The move comes as memecoin trading has slowed sharply from its peak. Activity dropped after a wave of celebrity- and politician-linked tokens lost momentum, reducing speculative demand across the sector.
The revenue of Pump.fun demonstrates how the current economic slowdown has affected their business. DefiLlama records show that the platform reached its highest monthly revenue of over $137 million during January 2025.
The revenue decreased to approximately $31 million by January 2026 which represented a decline of about 77%. Through its use of Vyper’s analytics and execution tools, Pump.fun plans to establish itself as a permanent participant in on-chain trading activities while interest in memecoins continues to decline.
