09 Aug
09Aug

Axiom, a Solana-based trading platform, has become the fastest application on the network to achieve $200 million in cumulative revenue, reaching the milestone in just 202 days after its launch. This pace significantly outstrips other popular Solana applications like Pump.fun (301 days) and Photon (320 days), which took much longer to reach the same figure.

The platform's revenue generation is particularly impressive, generating more than $238 per user, placing it ahead of competitors with larger user bases. Axiom has also captured a substantial portion of the market share, growing from just 4.41% of Solana-based trading volume in February 2025 to 57.33% by July, largely at the expense of established rivals like Photon.

Several factors are cited for Axiom’s rapid success:

  • Technical Efficiency: The platform processes orders in under 0.4 seconds, minimizing trading risks like front-running.
  • Features for Traders: Axiom offers a comprehensive, non-custodial interface with tools like wallet aggregation, token discovery, sentiment monitoring, and perpetual contracts.
  • Fee Rebate Program: Its program returns up to 43% of transaction fees to users, encouraging high engagement from frequent traders and bots.

The article highlights that five of the six top-earning platforms on Solana are trading platforms, as their revenue scales directly with transaction fees and trading volume. Axiom's total trading volume has surpassed $20.5 billion, with its daily trading volume consistently ranging between $73 million and $427 million over the last three months.

August 2025, Cryptoniteuae

Comments
* The email will not be published on the website.