Padre vs Photon
Pick Padre if you are memecoin traders who want one terminal across Solana, Ethereum, Base and BNB Chain, backed by pump.fun. Pick Photon if you are solana traders already using Photon; verify current fees on the site before trading.
Checked 2026-10-16 · both venues' fee pagesPadre is a multichain memecoin trading terminal covering Solana, Ethereum, Base and BNB Chain. Pump.fun acquired it in October 2025 and renamed it Terminal.
Photon is a web trading terminal for Solana tokens. DefiLlama has tracked it since January 2024, with about $442M in lifetime revenue, though activity has fallen sharply since 2025.
Side by side
| Padre | Photon | |
|---|---|---|
| Type | Trading terminal | Trading terminal |
| Status | live | live |
| Chains | Solana, Ethereum, Base, BNB Chain | Solana |
| Platforms | web | web |
| Custody | non-custodial | unverified |
| KYC | none | unknown |
| Platform fee, round trip | — | — |
| $1,000 round trip | — | — |
| Sign-up perk | — | — |
| Perps taker / maker | — | — |
| United States | Unverified | Unverified |
| United Kingdom | Unverified | Unverified |
| European Union | Unverified | Unverified |
| Launched | — | — |
| Reported incidents | 1 | 0 |
Features
| Feature | Padre | Photon |
|---|---|---|
| multichain trading | ✓ | — |
| cashback | ✓ | — |
| memecoin discovery | ✓ | — |
"—" means the feature was not in the sources we checked, not proof it's missing.
Padre: watch out for
- Platform fee rate is not published on the official site.
- PADRE token lost all platform utility after the acquisition.
- Brand is in transition between Padre and Terminal, with multiple domains.
Photon: watch out for
- Monthly revenue fell about 92% from Sep 2025 to Sep 2026, per DefiLlama.
- No fee schedule or referral terms could be verified from official sources.
- Solana only, per DefiLlama.
FAQ
Is Padre better than Photon?
Pick Padre if you are memecoin traders who want one terminal across Solana, Ethereum, Base and BNB Chain, backed by pump.fun. Pick Photon if you are solana traders already using Photon; verify current fees on the site before trading.
Which is cheaper, Padre or Photon?
We could not compare published fees for both.
Can I use Padre or Photon in the US?
Padre: unverified. Photon: unverified. Based on each venue's own terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Padre official site — checked 2026-10-16
- Terminal Terms of Service — checked 2026-10-16
- Terminal (pump.fun) — checked 2026-10-16
- Cointelegraph: Pump.fun acquires Padre trading terminal — checked 2026-10-16
- Phemex News: Padre rebrands to Terminal — checked 2026-10-16
- DefiLlama Padre revenue (series ends 2025-10-24) — checked 2026-10-16
- Photon official site (blocked automated access) — checked 2026-10-16
- DefiLlama Photon revenue — checked 2026-10-16
- DefiLlama Photon fee adapter — checked 2026-10-16