Pump.fun acquires multi-chain trading terminal Padre… moves to expand meme coin ecosystem

JH Kim

Summary

Pump.fun said it has taken a strategic step to expand into a multi-chain trading ecosystem through the acquisition of Padre.
It said this acquisition will increase access to meme coin trading and provide an integrated trading environment across various blockchains.
It added that cross-trading functionality between Solana and the Base network is expected to improve.

Solana (SOL)-based meme coin launchpad Pump.fun has acquired multi-chain trading terminal Padre. The acquisition is interpreted as a strategic move to increase meme coin trading accessibility and expand the multi-chain ecosystem.

On the 24th (local time), according to virtual asset (cryptocurrency) specialized media Cointelegraph, Padre is a multi-chain trading platform that supports the Ethereum (ETH), Solana, BNB Chain (BNB Chain), and Base (Base) chains, where meme coin-centered trading has been active.

Through this acquisition, Pump.fun plans to provide an integrated environment that allows users to trade meme coins simultaneously across multiple blockchains. In particular, cross-trading functionality between Solana and the Base network is expected to be improved.

The outlet analyzed, "This acquisition has provided Pump.fun with an opportunity to transition from a single-chain launchpad to a multi-chain trading ecosystem."