Axiom Sets New Crypto Record on Solana: Hits $100 Million Revenue in Just 129 Days

Outperforming the Competition: Photon, BONKBot, and Pump.fun Left Behind

Published: May 28, 2025 at 19:29
Edited: May 28, 2025 at 19:36

In the fast-paced and fiercely competitive landscape of decentralized trading platforms, emerging projects are continually setting benchmarks. Axiom, a trading platform built on the Solana blockchain, has recently set a remarkable industry record by surpassing $100 million in revenue within just 129 days of its launch. Backed by Y Combinator and launched in early 2025, Axiom has swiftly established itself as a formidable player, specifically targeting cryptocurrency traders interested in memecoins, perpetual contracts, and yield farming.

Rapid Growth and Industry Impact

Axiom’s unprecedented achievement positions it as the first crypto project on Solana to hit this revenue milestone in such a short period. This rapid success underscores not only the strength of its product offerings but also its strategic market positioning.

Decentralized trading platforms typically generate revenue through transaction fees—commonly around 1% per transaction—making high-volume trading an essential metric for profitability.

This approach has clearly paid off for Axiom, which, according to Flipside data, amassed over $10.5 billion in trading volume from mid-January to late May 2025. Axiom’s daily trading volume peaked impressively on May 14, reaching over $438.9 million in a single day. The platform also registered an average trading volume per wallet exceeding $9,000, highlighting the significant user engagement and the scale of trading activity.

Outpacing Competitors: Photon, BONKBot, and Pump.fun

Cum Revenue in the First 129 Days To fully grasp Axiom’s achievement, it’s essential to place its rapid revenue growth into perspective by comparing it with key competitors. Photon, widely recognized as the largest trading bot on Solana with a total trading volume surpassing $43.3 billion, managed to reach $100 million in revenue in 212 days—1.64 times slower than Axiom.

BONKBot, another notable competitor, achieved approximately $40.3 million revenue within the same initial 129-day period. While substantial, this figure represents a $60 million gap compared to Axiom’s rapid ascent.

Even Pump.fun, one of this crypto cycle’s most renowned projects, pales in comparison. Within its first 129 days, Pump.fun recorded $27.3 million in revenue, roughly a quarter of Axiom's total.

Revenue Race: How Long to $100 Million?

Days to Reach $100 M Analyzing how quickly platforms reach the $100 million revenue milestone further highlights Axiom’s dominance. Following Axiom’s record-breaking 129-day run, Photon secures the second spot, requiring 212 days to reach the same financial benchmark. Pump.fun trails behind in third place, taking 223 days.

Trojan and BullX, other competitors in the Solana ecosystem, took significantly longer—322 and 363 days, respectively. BONKBot, despite its extensive trading volume exceeding $13.6 billion, required a lengthy 559 days, making it 4.3 times slower than Axiom’s pace.

Memecoin Mania on Axiom

Meme Volume Memecoins have contributed significantly to Axiom’s explosive growth. Over the past month alone, numerous memecoins have generated substantial trading volumes on the platform. The standout performer, $GROK, achieved trading volumes surpassing $65 million, dwarfing its closest competitor, $GOONC, by more than threefold.

Rapid Expansion of User Base

Trades and Swappers Axiom’s success is also evident in its rapidly expanding user base. The platform hosted more than 110.4 million transactions from over 382,500 unique wallets. Moreover, from April 6 onwards, Axiom has witnessed remarkable growth in active wallets, surging from 17,000 to over 41,000—an impressive 2.3-fold increase within less than two months.

Axiom’s Promising Future

Axiom’s extraordinary performance sets a new benchmark not only on the Solana blockchain but across the broader crypto ecosystem. By combining robust infrastructure, attractive transaction fees, and competitive features, Axiom has successfully positioned itself as a leading decentralized trading platform.

As the project continues to evolve and scale, crypto enthusiasts and traders alike will undoubtedly be watching closely to see if Axiom can maintain this impressive momentum and solidify its position as a top-tier player in the rapidly evolving DeFi landscape.