What Is Terminal? Pump.fun's Trading Terminal (Formerly Padre)

Terminal is the Pump.fun terminal, and you will see the brand written pumpfun about as often as Pump.fun: a browser-based trading interface for memecoins, and the app that used to be called Padre. Pump.fun announced on 24 October 2025 that it had bought Padre. The product was renamed rather than rebuilt, which is why terminal.pump.fun and trade.padre.gg still serve the same JavaScript bundle.

Its chain selector carries five networks: Solana, plus Ethereum, Base, BNB Chain and Robinhood Chain. Separately from the chain list, the app carries a registry of 34 assets a market can be quoted in, most of them named after equities and metals. We published the full list with mints after pump.fun announced Custom Pairs in September 2026.

The fee in its shipped code is a flat 1% on every fill, with no tier table anywhere in that code. That 1% sits on top of whatever the venue itself charges, which on a pump.fun bonding curve is another 1.25%.

Wallets are non-custodial, generated by the app and secured through Turnkey, with a private key per wallet instead of a seed phrase.

People use it for speed and for structure: a live feed of tokens as they are created, execution that fires at several block builders at once, and exit conditions attached to the buy rather than watched by hand.

The name is the problem. "Terminal" is generic enough that a search for it surfaces a Bloomberg product, a dead developer tool from 2019, and the thing your Mac opens when you press Command+Space and type four letters. This page is about terminal.pump.fun, the memecoin trading interface people search for as pumpfun terminal, and nothing else.

What does Terminal by Pump.fun actually do?

Strip away the branding and Terminal by Pump.fun is three things stacked on top of each other. There is a discovery layer that shows you tokens as they are created and as they bond. There is an execution layer with an order engine that goes considerably further than market buys.

Underneath both sits a wallet system. It generates keys for you, encrypts them with a password the app says it never stores, and lets you export each one.

You sign in socially, through Telegram, Google or X. Terminal generates trading wallets for you, or you import existing ones by pasting a private key. Then you trade from those wallets inside the app, without a browser extension and without approving each transaction in a separate popup.

That last part is the whole point of a terminal: the approval friction is gone, so the click-to-fill time collapses.

The tradeoff for that speed is that the app has to be able to sign for you, which is the source of nearly every worried Reddit post about Terminal. The wallets and custody page has the mechanics.

What is Terminal's relationship to Pump.fun?

Pump.fun has announced three acquisitions of trading and analytics products. Financial terms were not published for any of them.

As of August 2026, terminal.pump.fun and trade.padre.gg serve a byte-identical JavaScript bundle. That is about as strong as evidence gets that they are one application behind two addresses. Pump.fun's announcements for both deals said the Padre and Vyper teams were joining it, and nothing we found in the code looks like a rewrite.

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The full story of the rename, including the four live domains and the PADRE token that got switched off, is on Terminal, formerly Padre.

Two claims the internet repeats that the evidence does not support. The first is that Kolscan powers Terminal's wallet tracking. The string kolscan returns no matches in the production bundle we searched on 6 August 2026, and the tracker in that build credits Cielo Finance instead.

The second is the 90 percent Vyper migration cashback. It was announced as a first-month incentive after the February 2026 deal, and the live in-app copy we checked in August 2026 tops out at 35 percent.

Which company operates Terminal?

This is muddier than most write-ups make it, so here is what the primary documents actually say. Terminal's terms of service name Inspired Acquisitions, Ltd. as "the owner/operator of Terminal" and the site operator (padre.gg/tos, linked from inside the app).

Pump.fun's own terms separately define a group rather than a single company, listing "Baton Corp., Bracket Ltd., and other affiliated entities behind the Pump Platform and Services" (pump.fun terms). Baton Corporation Ltd is a real UK company, number 14743013, incorporated in England and Wales on 20 March 2023 (Companies House). Both sets of terms specify British Virgin Islands governing law.

Baton and Bracket appear nowhere in Terminal's terms. How these companies relate to one another after the October 2025 acquisition is not something the public record settles, and this site does not assume it.

Who is Terminal for?

Terminal is built for a fairly narrow trader, and it is worth being blunt about who that is.

It suits you if you trade newly launched tokens, want to watch bonding curve activity as it happens, run several wallets at once, and care about order types beyond buy and sell.

The type scale tells you everything about the intended user. Body text is 12 to 13 pixels, rows are 24 pixels tall, and there is no light mode at all. It fits as much data on one screen as physically possible.

It does not suit you if you are buying a major asset and holding it, if you want a phone-first experience, or if you want to automate a trading account. We found no API, and mobile is a web app.

Which networks does the chain selector actually list?

Terminal's marketing says four chains. Its own chain selector says five. The extra one is Robinhood Chain, and it is not a stub.

Terminal is a front end. It does not run any of the markets below. It routes orders to independent protocols built and operated by unrelated teams, and responsibility for those protocols sits with their builders, not with Terminal.

Robinhood Chain is undocumented on Terminal's side. We found it in no marketing copy and in no archived version of the docs, and the outside corroboration is press coverage from July 2026.

Robinhood's own CTO was quoted saying the integration was not coordinated with Robinhood (Crypto Briefing, July 2026), which is worth knowing before you read the chain's name as a partnership.

Arbitrum and two testnets also sit in the code with full token maps but are excluded from the selector. What that means for the roadmap has not been announced, and we are not going to guess.

The product surface

Trenches

Trenches is the surface Terminal is actually built around, and it carries more than 400 references in the production bundle. It is a bonding curve monitor in three columns: New, Almost Bonded, and Recently Bonded.

What makes it useful is the filtering. You can save filter sets on market cap, volume, top-10 holder concentration, insider holding percentage, bonding progress, dev holding and token age, then flip between them.

Roughly 19 card metrics can be toggled on or off, and there are custom sound alerts with names like CORK, KACHING and YEAH BOY.

Then there is the dev blacklist, which holds up to 200 addresses. It is the single most practical feature in the whole app if you have been burned by the same serial launcher twice. Our guide to how trenches mode works covers which of those columns are worth turning on and which are noise.

Discovery elsewhere

Trending is the ranked market view. Beyond that there is a Watchlist, Price Alerts, an Alpha Tracker that ingests callouts from Discord, Telegram, X and pump.fun, an X Feed, Pump News and LuckySpins. Everything after Watchlist is live in the app and documented nowhere.

What order types does Terminal actually have?

Review sites tend to guess at this. Here is the actual enum shipped in Terminal's code, with the labels the interface puts on them.

DCA orders, dev sell triggers and launch buys are all live and completely undocumented. Take profits and stop losses are position-based, meaning they size as a percentage of your live position and rescale themselves as it changes, which the docs describe as a Terminal-only capability.

Exit strategies, Sell Initials, and the migration sniper

Exit Strategies let you attach up to five independent take-profit or stop-loss conditions to a single buy order. They execute as market sells. You cannot edit them after you confirm the order, which is a real limitation and worth knowing before you commit to a ladder you might want to move.

Sell Initials is a one-click sell of exactly enough to recover your original stake. Solana only, and it requires you to be in profit.

The Raydium Migration Sniper lets you pre-set a buy or a sell that fires the moment a pump.fun token migrates. Fills land in a dedicated Snipes tab.

Inferno Mode and presets

Inferno Mode is Terminal's fastest execution path and it is Solana-only. It broadcasts the same transaction simultaneously to bloXroute, NextBlock, Temporal and Jito. A custom on-chain program finalizes whichever lands first and discards the others, so you pay a tip only on the winner.

None of it is user-adjustable. The tip default in Inferno is 0.012 SOL, against 0.0001 to 0.001 SOL in the normal modes.

The presets are where the archived documentation and the live app openly disagree. Docs describe P1, P2 and P3 plus Inferno. The app ships Normal, Fast and Ultra plus Inferno. Trust the app.

Wallets, groups and tracking

Terminal generates per-wallet private keys, not a mnemonic. There is no seed phrase anywhere in the product, which is why so many people search for one and find nothing.

You can organize wallets into groups with emoji names, get real-time Telegram notifications when a group buys, bulk import wallets from a CSV, and set separate withdrawal destinations.

There is a /tracker page for following other people's wallets, and tracked wallet movements get plotted directly on the candles of the chart you are looking at, which is the nicest small touch in the app.

Grouped wallets are not the only social surface. There are also Mayhem lobbies and the voice-chat side of the app, which sit apart from the trading interface and are documented nowhere official.

Charts, portfolio and safety signals

Charts are TradingView with resolutions from one second up, and order lines you can drag. Around the chart sit Trades History, Open Orders, Order History, Liquidity events with ranked LPs, a Holders panel with ENS resolution plus vesting, LP and burn icons, and Price Trends. Portfolio covers open positions, closed positions and PnL. Separate from all of it is the rewards screen, whose four tabs are undocumented everywhere we looked; we decoded what we could in Terminal's rewards tabs.

On safety, Terminal surfaces bundle analysis, dev holding percentage, insider holding percentage, dev funding source, fresh-wallet buys, bot transaction detection, Dex paid and boosted status, liquidity lock, a freeze-authority warning and token tax.

On EVM tokens it surfaces a check from honeypot.is, a third-party service Terminal does not run. And there is EVA Audit, an AI contract checker that only runs on Ethereum and Base.

One caveat on PnL: several users have publicly said they do not trust Terminal's numbers, a criticism that surfaced in YouTube comments in January 2026 and was echoed by two others. Not a proven bug, but reconcile against your own records before treating the portfolio figure as final.

Who holds your private keys?

Terminal is non-custodial. Keys sit in an air-gapped setup on Turnkey, the key infrastructure built by Coinbase's custody team. The site's own content security policy allows export.turnkey.com and import.turnkey.com, which confirms it independently.

Your private keys are encrypted with a password the platform never stores. Padre's own wording was blunt: "Padre never stores or has access to your password. Your assets stay safe, even from us."

Two consequences follow from that, and both bite people.

There is no password recovery flow. We found no forgot-password route in the build we examined, and the archived documentation said the same thing in plain words.

Because your keys are encrypted with that password, losing it means losing access to the wallets, which is why the official advice was to export your private keys and store them offline the day you sign up.

And the "2FA" in Padre-era marketing is not authenticator-app 2FA. It is the password encryption layer sitting over the Turnkey keys. Login itself is social, through Firebase.

If scanner sites have you worried, we went through the contradictory verdicts one by one in is padre.gg safe.

Can you run Terminal on a phone?

We found no native iOS app and no native Android app for Terminal as of August 2026. Terminal ships a progressive web app: the manifest declares "short_name": "Terminal" and "display": "standalone", so you add it to your home screen and it runs without browser chrome.

To sign in on a phone, you scan a QR code from a desktop session.

This trips people up because pump.fun does publish a native mobile app. That is the launchpad. It is not Terminal.

What does Terminal charge per trade?

Terminal charges 1% per trade. The fee is feeBps: 100 in the code, applied as value × (1 + bps/10000).

We found no volume tiers and no discount table, either in the bundle we searched on 6 August 2026 or in any archived version of the documentation. The volumeInUsd field that people mistake for a tier system drives rewards, not the fee rate.

What varies is cashback, which is paid in SOL and accrues per trade.

The rate is fixed by whether a referral code was stored in your browser when you first landed, so it is decided at signup and cannot be changed later.

Sourcing note, because it matters: the 35% is confirmed in live in-app copy, while the 10% floor comes from archived documentation we have not re-verified in the current app.

The referral page covers the claim mechanics, and the fees guide explains how Terminal's 1% stacks on top of pump.fun's separate 1.25% bonding curve fee. To see what the gap between the two rates is worth on your own trade size, the cashback ledger runs both.

What Terminal does not have

The web is full of confident claims about Terminal features. Some come from AI-written review sites, some from people describing a competitor and getting the name wrong.

Everything below is what we found when we searched the production bundle served on 6 August 2026, so read each one as a statement about that build rather than about every account or every future release.

No TWAP orders in the bundle we examined. At least one review site says otherwise. There are zero case-sensitive matches for TWAP in that bundle and no TWAP entry in the order enum. The 59 lowercase twap hits are all twapBoost, a pump.fun token metadata field unrelated to order execution.

No public API that we could find. No API keys, no webhooks, and no public developer documentation as of August 2026. Products sold as a "Pump.fun API" are separate services reading the chain for themselves, and we found nothing presenting them as official. Worth noting that padre terminal api and padre.gg api are live autocomplete suggestions, so people are searching for something we cannot find.

No native mobile app that we could find. Covered above. Progressive web app only.

Copy trading reads as legacy. The Automations documentation page was deleted from the docs. What remains in the app is an isCopyTrade attribute used to tag orders. If copy trading is your reason for choosing a terminal, Terminal does not look like the answer today.

We found nothing tying Kolscan to the wallet tracker. No references in the bundle. Kolscan was a separate acquisition three months before Padre and still runs as its own product.

Jito is not a user-facing setting. It appears in the bundle only as one of four Inferno Mode destinations. The Tip field is generic, described as SOL paid directly to block builders.

Jeet Grid is no longer there. It was in the 2025 documentation. We could not find it in the current navigation or the current code.

Things called Terminal that are not this

Because the name collides with almost everything, a quick sort.

Bloomberg Terminal is the institutional financial data workstation. No relationship to this product whatsoever.

Terminal, the 2019 Web3 developer tool. A Ganache-as-a-Service product, defunct for years, whose documentation still surfaces in search. If you have landed on a "Terminal docs" page discussing Infura or Ganache, you are on the wrong thing entirely.

pump.fun itself. Pump.fun is the launchpad: it is where tokens are created and where they bond. Terminal is a trading interface, and pump.fun's bonding curve is one of dozens of independent venues it routes orders to.

Related brands, different products, separate fees. You can trade Uniswap V4 pairs on Base through Terminal without ever seeing a pump.fun launch. The pump.fun app versus Terminal sets the two side by side on cost, custody and what each one is built for.

Padre. The same product before October 2025. Both padre.gg and terminal.pump.fun are official.

Is it any good?

I keep landing on the same split answer.

The parts I rate: the custody model beats the custodial Telegram bots this category grew out of, and Turnkey is a real vendor rather than a marketing word. Trenches with saved filters and a 200-address dev blacklist is the best bonding curve monitor I have used. The order engine goes deeper than the category norm, particularly position-sized take profits.

The parts I do not: execution speed draws consistent criticism against Axiom, and the revenue trend points the same way. Axiom's fee generation grew 37% between January and April 2026 while pump.fun's fell 44%, according to Crypto.com's research desk.

Support is a Discord ticket behind an invite, the announcement channel has been dead since October 2025, and the documentation redirects to a signup form. For a product that generates the keys you trade from, that support posture is thin.

If you are choosing between the two, Terminal vs Axiom uses cited numbers rather than either side's marketing.

And if you are weighing whether to park funds in a wallet run by this particular company, the finances and the litigation are relevant, which is why we wrote up the PUMP token, the burn, and the airdrop that never came.

One last practical note. If you do sign up, do it through a referral link. 35% cashback against 10% is decided in the moment you first load the site, and there is no way to fix it afterward.

Cite this page

Every heading on this page has a stable anchor, so you can link to the exact section a figure sits in rather than to the page as a whole. A clean markdown copy is served at https://terminalpedia.com/ecosystem/what-is-terminal.md.

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Concept211. "What Is Terminal? Pump.fun's Trading Terminal (Formerly Padre)." Terminalpedia, published 6 August 2026, updated 19 August 2026. https://terminalpedia.com/ecosystem/what-is-terminal

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<a href="https://terminalpedia.com/ecosystem/what-is-terminal">What Is Terminal? Pump.fun's Trading Terminal (Formerly Padre)</a>, Terminalpedia (updated 19 August 2026)

Acquisitions table, HTML

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<table> <caption>What pump.fun acquired, and what happened to each (source: Terminalpedia)</caption> <tr><th>Acquisition</th><th>Date announced</th><th>Outcome</th></tr> <tr><td>Kolscan</td><td>11 July 2025</td><td>Wallet tracker, still runs independently at kolscan.io</td></tr> <tr><td>Padre</td><td>24 October 2025</td><td>Renamed Terminal, became the flagship trading product</td></tr> <tr><td>Vyper</td><td>5 to 6 February 2026</td><td>App wound down 10 February, team and technology folded into Terminal</td></tr> </table> <p>Source: <a href="https://terminalpedia.com/ecosystem/what-is-terminal">What Is Terminal?</a>, Terminalpedia (updated 19 August 2026)</p>

Where the figures came from. Three tiers, labelled per figure throughout the page. The chain list, the 1% fee constant, the order-type enum, the Trenches filter and metric counts and the absence of TWAP were read directly from Terminal's live production JavaScript bundle, which is first-hand evidence of what the application ships. Company facts come from primary documents rather than from reporting about them: Terminal's own terms of service at padre.gg/tos, pump.fun's terms, the Companies House register and the CourtListener docket, each linked at the point it is used. Token and burn figures are attributed to the outlet that reported them, linked inline. Where a number circulates widely but traces to no checkable source, this page declines to publish it rather than repeating it.

Sample and window. One reading of the full production bundle, roughly 4.5 MB of JavaScript, on 6 August 2026, checked against Wayback captures of the Padre documentation from January to March 2026. A bundle shows what is shipped rather than what is enabled for a given account. Last updated 19 August 2026; first published 6 August 2026.

Reuse. You may republish these figures with attribution and a link to https://terminalpedia.com/ecosystem/what-is-terminal. Please carry the date with the number: several of these are read from a shipped application build rather than from a published document, so they describe that build rather than every future release.