The Solana-based launchpad strengthens its liquidity tools with the Padre acquisition amid a sharp decline in memecoin trading volumes.
Pump.fun Expands Its Reach Through Strategic Acquisition
Solana’s leading memecoin launchpad Pump.fun has officially acquired Padre, a multichain trading terminal, as part of its effort to bolster liquidity and sustain market dominance amid the ongoing memecoin slowdown.
The company announced the deal on X (formerly Twitter) on Friday, confirming that Padre will be integrated into its ecosystem to improve the trading experience and volume efficiency for users. Though financial terms remain undisclosed, Pump.fun emphasized that the acquisition is a key step toward enhancing liquidity and rewarding active traders.
Padre’s trading terminal is known for its cashback features, competitive fees, and user-focused design, supporting transactions across Ethereum, Solana, BNB Chain, and Base.
“By integrating Padre’s technology, we’re building better liquidity structures for creators and traders — making memecoin markets faster, fairer, and more fun,” said a Pump.fun spokesperson during the announcement.
Market Share and the Decline of the Memecoin Frenzy
Despite its continued leadership, Pump.fun’s market share on Solana has slipped to 44%, down from roughly 75% during the 2024 memecoin boom, according to data from Jupiter Exchange.
The decline mirrors a broader downturn in the memecoin sector. DefiLlama data shows Pump.fun’s monthly revenue in July fell below $25 million, an 80% drop from its January peak. Although revenues rebounded modestly in the following months, activity remains well below last year’s euphoric highs.
“The memecoin wave that defined late 2024 has matured — traders are now demanding better liquidity and sustainability over hype-driven gains,” said blockchain analyst Rohan Desai.
According to CoinMarketCap, the global memecoin market capitalization has fallen over 21% in the past 30 days, as the October market correction triggered large-scale liquidations across leveraged crypto positions.
Still, Pump.fun’s acquisition of Padre positions it for a strategic rebound. With improved cross-chain access and enhanced trader incentives, the launchpad aims to redefine how decentralized communities interact with low-cap tokens.
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.