Pump.fun has completed its acquisition of Vyper to expand its trading infrastructure and enhance its multi-chain execution capabilities. The deal follows Pump.fun’s acquisition of Padre in October 2025 and aims to integrate Vyper’s execution expertise into its rebranded trading platform, Terminal.
This move is significant because it marks a fundamental shift in Pump.fun’s strategy, which aims to evolve from its original role as a memecoin launchpad into an integrated trading hub. The goal is to transform the high volume of token launches into recurring trading activity and, consequently, more stable and sustainable revenue.
According to several industry outlets, Pump.fun will migrate its Vyper infrastructure to its Terminal product. As part of the agreement, Vyper’s standalone offering will be phased out, while its technical team and systems will be fully integrated into Terminal, consolidating capabilities under a single platform.
Terminal emphasized that development will focus on EVM-compatible chains, with a particular emphasis on Base. The team anticipates improvements in execution speed and market data quality, two critical factors for memecoin trading, which is characterized by high turnover and latency sensitivity.
The keys to Pump.fun’s investment in Vyper
Pump.fun co-founder Alon Cohen told X that the addition of Vyper’s engineers will strengthen the company’s ability to build “super-fast and efficient cross-chain trading infrastructure.” This statement reinforces the narrative of a strong commitment to the execution layer, not just token issuance.
Analysts quoted by industry observers described the integration as a consolidation of the entire trading flow, from token issuance to order routing and execution.
The deal comes against a backdrop of inconsistent financial performance and high token issuance. Pump.fun’s monthly revenue peaked at over $137 million in January 2025, but then fell by nearly 77% to around $31 million in January 2026, according to figures cited in the deal’s coverage.
In parallel, there was a significant surge in token issuance, with nearly 30,000 new assets created on February 2, 2026, highlighting a latent demand for more robust trading infrastructure.
Industry sources cautioned that the integration carries short-term operational risks. Vyper confirmed that its product will be phased out as users and infrastructure migrate to Terminal, a process that could cause temporary volume disruptions before the unified platform stabilizes.
