Solana Trading Bot Axiom Becomes the Fastest Application to Reach $200M in Revenue

By late May 2025, 129 days after launch, Axiom had reached $100m in cumulative revenue, the fastest pace recorded by a Solana-based application. Based on Dune data, on August 4, just 73 days later, it surpassed $200m.

This timeline contrasts with several established names in the ecosystem. Pump.fun, which launched in early 2024 and became a major user acquisition and revenue driver for Solana, needed 301 days to reach the same figure. Photon, a large trading platform with over $45B in trading volume, achieved it in 320 days.

How Other Top Platforms Compare in Their First 202 Days

When examining revenue generation in the first 202 days after launch, Axiom stands far ahead of its peers. Photon comes second with over $96.1m in revenue, followed by Pump.fun at $87.8m. BullX trails close behind.

Interestingly, five of the six top-earning platforms in this analysis are trading platforms. The reason is simple: they apply transaction fees, often up to 1%, directly on trades. This means revenue scales proportionally with trading volume and user activity.

Revenue Per User 

Axiom currently generates more than $238 per user, ranking first among its category. By comparison, Photon, despite having over 2.69m active wallets and $45.7b in trading volume, earns less per user.

A Deep Dive into Trading and Revenue Volumes

Axiom’s total trading volume exceeds $20.5b. Over the past three months, daily trading volume has ranged between $73m and $427m, reflecting strong liquidity and consistent user engagement.

Its revenue trajectory is just as impressive. In the same three-month period, daily revenue has fluctuated between $740k and $4.2m. The platform’s 30-day moving average revenue now stands at more than $1.59m.

Capturing Market Share from Established Rivals

Perhaps the most telling sign of Axiom’s rise is its market share growth. In February 2025, the platform accounted for just 4.41% of total trading volume among Solana-based trading platforms. By July, that share had climbed to 57.33%.

This rapid ascent has come largely at the expense of some of Solana’s most established players. Photon, for example, saw its market share drop from 30.7% in January to less than 10% in July. Competitors such as Trojan and BullX have also ceded ground.

What’s Behind the Boom?

Axiom’s growth appears to stem from a mix of technical efficiency and features aimed at active traders. The platform processes orders in under 0.4 seconds, faster than a full Solana block, using colocated nodes and routing designed to reduce the impact of front-running and similar trading risks.

It has recorded a significant share of trading bot activity on Solana, including over half of meme coin bot trading in recent months.

Axiom combines several tools within a single non-custodial interface, such as wallet aggregation, token discovery, sentiment monitoring, access to perpetual contracts via Hyperliquid, and yield options.

Its fee rebate program returns part of transaction fees to users, in some cases up to 43%, which may have contributed to higher engagement from frequent traders.

Final Take

In 202 days, Axiom has generated over $200 million in revenue on more than $20.5 billion in trading volume, with its market share rising to 57.33% in July from 4.41% in February. Revenue per user is above $238, ahead of rivals like Photon whose share has dropped below 10%. The challenge now is to sustain this momentum as markets and competition evolve.

Stay tuned for further insights into how these platforms evolve and shape the future of DeFi trading on Solana.
This piece is part of our Solana Data Insights series. Make sure to subscribe to Solana Data Insights for weekly onchain analysis.

Read More on SolanaFloor

July Sees Solana Stablecoin Transfers Surge 53% to $215B: A Deep Dive into Ecosystem Growth

Have You Checked Out the Solana Seeker Phone?