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Pump.fun is expanding its ambitions beyond memecoin launches with the acquisition of crypto trading terminal Vyper, signaling a deeper move into trading infrastructure, analytics, and execution tools as the memecoin market cools.
The deal will see Vyper wind down its standalone product and migrate its core tools into Pump.fun’s Terminal, formerly known as Padre. While financial terms were not disclosed, the acquisition reflects Pump.fun’s broader strategy to consolidate more of the crypto trading workflow under one ecosystem.
Pump.fun integrates Vyper infrastructure
Vyper announced on Friday that core parts of its product would begin shutting down on Tuesday, with limited functionality remaining temporarily available. Existing users were directed to Pump.fun’s Terminal to continue accessing trading tools, analytics, and execution features.
Pump.fun confirmed the acquisition shortly after, positioning the move as part of a long-term effort to strengthen its infrastructure layer. By absorbing Vyper’s technology, Pump.fun gains enhanced analytics, faster execution capabilities, and deeper trader tooling — areas traditionally outside the scope of a memecoin launchpad.
The acquisition comes as speculative activity around Solana memecoins has cooled significantly from the frenzy seen in late 2024 and early 2025.
Building a full-stack trading ecosystem
Pump.fun’s Vyper acquisition follows a series of strategic moves aimed at expanding beyond simple token creation. In October 2024, Pump.fun acquired trading terminal Padre, which was later rebranded as Terminal, to improve liquidity access and execution for tokens launched on its platform.
By integrating Vyper’s analytics stack into Terminal, Pump.fun is effectively building a full-stack trading environment that spans token launches, market data, analytics, and execution — all within a single ecosystem.
In January 2025, Pump.fun also launched Pump Fund, an investment arm designed to support early-stage projects. The initiative debuted alongside a $3 million hackathon, with funding earmarked for both crypto-native and non-crypto startups, underscoring a pivot away from an exclusive focus on memecoins.
Responding to a cooling memecoin market
The push into infrastructure comes as memecoin activity has declined sharply. Pump.fun’s growth was fueled by intense speculative trading on Solana, particularly as celebrities and political figures launched their own tokens during the height of the memecoin boom.
According to DefiLlama, Pump.fun’s monthly revenue peaked at over $137 million in January 2025. By January 2026, that figure had fallen to approximately $31 million, representing a 77% year-over-year decline.
The broader memecoin market has experienced a similar contraction. CoinMarketCap data shows the combined market capitalization of tracked memecoins exceeded $100 billion in December 2024. At the time of writing, the sector’s valuation stands near $28 billion, marking a drop of roughly 72%.
Strategic consolidation in crypto infrastructure
Pump.fun’s acquisition of Vyper highlights a broader trend across crypto platforms: consolidation and vertical integration as speculative cycles cool. Rather than relying solely on memecoin hype, platforms are investing in infrastructure, tooling, and diversified revenue streams to remain competitive.
By bringing analytics and execution tools in-house, Pump.fun aims to retain users even as trading volumes decline, offering professional-grade tools to traders operating within its ecosystem.
While Pump.fun did not respond to requests for comment before publication, the Vyper deal makes one thing clear: the company is positioning itself not just as a memecoin launchpad, but as a broader crypto trading and infrastructure platform built on Solana.