Pump.fun has taken another step toward becoming a full-stack trading platform after acquiring crypto trading terminal Vyper. The move signals a strategic shift as memecoin activity on Solana cools and competition across onchain trading infrastructure intensifies.
Expanding Beyond Token Launches
Vyper announced that core features of its standalone product will begin shutting down on Feb. 10, with remaining functionality gradually phased out. Users are being redirected to Pump.fun’s Terminal, where Vyper’s analytics and execution tools will be integrated. While financial details of the acquisition were not disclosed, the deal allows Pump.fun to internalize critical parts of the trading workflow it previously relied on third-party tools to provide.
Building an End-to-End Trading Ecosystem
The acquisition follows Pump.fun’s earlier purchase of the trading terminal Padre in late 2024, which was later rebranded as Terminal. Together, these moves point to a clear goal: controlling the entire lifecycle of onchain trading, from token creation to liquidity, execution, and data analysis. In January, the company also launched Pump Fund, an investment arm designed to support early-stage projects beyond memecoins.
Market data shows why diversification matters. Monthly protocol revenue peaked above $137 million in January 2025 but dropped to around $31 million by January 2026. Over the same period, the total memecoin market capitalization fell by more than 70%. By consolidating trading infrastructure, Pump.fun appears to be positioning itself for sustainability beyond speculative cycles.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.