Padre is now Terminal by Pump.fun. Its sign-in page advertises up to 35% cashback, and third-party analysis says the top rate goes to referral sign-ups. Here's what's confirmed and what isn't.
Rank 1Why it’s here: Best for pump.fun traders on desktop. Owned by Pump.fun since October 2025.
Padre is now Terminal by Pump.fun, and its referral benefit is cashback, not a code: Terminal's sign-in page advertises "Up to 35% cashback". Terminal doesn't publish who gets which rate, but independent analysis reports 35% of the fee back for accounts opened through a referral link versus 10% for direct sign-ups, which would cut a 1% fee to about 0.65%.
Risk notice: Crypto trading is high risk and memecoins can go to zero in minutes. Trading bots and wallet connections use hot wallets. This page is not financial advice; only trade what you can afford to lose.
Facts on this page were checked October 23, 2026, from Terminal's own site and the sources linked below. This is a research-based review built from published docs, not a hands-on trial.
Padre (Terminal) scores 7.1/10 in our ranking. Full details are in our Padre review and Padre Terminal explained.
Pump.fun announced it had acquired Padre, a trading terminal for Solana, BNB Chain, Base and Ethereum (Pump.fun on X), and Blockworks reported the deal on October 24, 2025. The product was renamed Terminal and lives at terminal.pump.fun; trade.padre.gg still serves a Padre-branded app.
For referral purposes, three things changed:
This is the part most "Padre referral code" pages blur, so here it is plainly.
Official (from Terminal or Pump.fun):
Third-party (not published by Terminal):
Terminalpedia is an independent reference site run by a Solana trader and bot developer, and it earns from referrals too. Other sites report different fees; TraderView lists 0.8%. Until Terminal publishes a fee page, treat every number below except "up to 35%" as reported, not confirmed.
As reported by Terminalpedia, cashback is a percentage of Terminal's own fee, not of your trade size. Terminal takes 1% of the trade, then returns part of that 1% to you in SOL.
The practical rule: open the referral link first, in the same browser you'll register in, and don't clear site data before creating the account.
Based on the reported 1% fee and the reported cashback split (our calculation):
| Direct sign-up | Referral sign-up | |
|---|---|---|
| Terminal fee | 1% | 1% |
| Cashback | 10% of fee | 35% of fee |
| Net Terminal fee | 0.90% | 0.65% |
| Net fee on a $100 trade | $0.90 | $0.65 |
| Cashback on $10,000 volume | $10 | $35 |
| Net fees on $10,000 volume | $90 | $65 |
On Pump.fun bonding-curve tokens, Pump.fun's 1.25% is added to each side. With a referral, that's roughly 1.9% each way (0.65% + 1.25%), or about 3.8% for a round trip, versus about 4.3% for a direct account, before slippage, priority fees and tips. Pump.fun's fee is a venue fee; no referral reduces it.
If the reported rates are right, Terminal with a referral would be the cheapest 1%-base terminal for a new user. That "if" is why our fee score still uses the 1% headline with no discount.
We're an affiliate: if you sign up through our link, we may earn a share of Terminal's fees. Any cashback you receive comes from Terminal's program, not from us. New to the app? Read how to use Padre.
| Platform | Documented benefit for a referred user | Net fee for a new user |
|---|---|---|
| Padre (Terminal) | Up to 35% cashback advertised; tiers unpublished | ~0.65% if reported tiers are right |
| Axiom | 10% off trading fees (official) | ~0.86% (entry tier) |
| Trojan | None extra; 20% cashback for all users | ~0.8% |
| GMGN | None documented | 1% |
| Photon | None documented | 1% |
Axiom's discount is the only one fully written down in official docs. Terminal's may be bigger, but it's advertised, not specified. Compare head-to-head in Axiom vs Padre, Padre vs Trojan and Padre vs GMGN.
Terminal doesn't publish its referrer commission. Trojan's 2026 comparison, written by a competitor, says Padre's program is one layer deep, so referrers earn only from people they invite directly, with nothing from their invitees' invitees. By contrast, Trojan pays five layers deep and Axiom three. If you plan to share links, check the referral panel in the app for current terms.
Search results show pages promising a "10% discount" with a named Padre code, and others promising 35%. The 10% figure looks like the old direct-sign-up cashback relabelled as a discount. Neither is a Terminal source. A real referral link opens terminal.pump.fun or trade.padre.gg and never asks for a seed phrase or a wallet signature to "claim" anything. Read is Padre safe? before funding.
We reviewed Terminal's sign-in page, Pump.fun's fee docs, Pump.fun's acquisition announcement, Blockworks and DefiLlama, and Terminalpedia's analysis of Terminal's fees, on October 23, 2026. We did not trade on Terminal. We list the 10%/35% split and the 1% fee as third-party because Terminal publishes no fee or referral page. Looking for other options? See Padre alternatives and our method on the about page.
FAQ
Padre is now Terminal by Pump.fun, and it uses referral links rather than a code you type. Its sign-in page advertises up to 35% cashback; third-party analysis says the 35% rate applies to accounts created through a referral link.
Terminal officially advertises 'up to 35% cashback' but doesn't publish the tiers. Terminalpedia, an independent site, reports 35% of the 1% fee for referral sign-ups versus 10% for direct sign-ups, which would mean about 0.65% net instead of 0.90%.
Terminalpedia reports that the referral is stored in your browser on first visit and fixed when the account is created, with no way to add it later. Terminal doesn't document this, so open the referral link before you register.
According to Terminalpedia, cashback accrues in SOL per trade and is claimed from the rewards panel at terminal.pump.fun/rewards. Terminal itself doesn't publish payout rules.
Pump.fun acquired Padre in October 2025 and the product now runs as Terminal at terminal.pump.fun. The old trade.padre.gg address still loads a Padre-branded app.
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