Axiom Trading Platform Generates $10.5 Million in Solana Revenue
Axiom, a trading platform integrating bot capabilities with Hyperliquid's perpetual futures, has rapidly gained traction in Solana app revenue. Key highlights include:
- Axiom currently ranks second in Solana app revenue, earning approximately $10.5 million last week, trailing pump.fun at $12.2 million.
- Co-founders Henry Zhang and Preston Ellis developed Axiom after participating in Y Combinator, leveraging their interest in crypto trading.
- Trading bots, like Axiom, facilitate quick crypto transactions and are favored for activities such as sniping newly launched memecoins.
- Axiom commands over 50% market share among Solana trading bots, a significant increase from late February when Photon and others held 75% collectively.
- The platform’s appeal is attributed to its integration of popular trading products and a rakeback program offering fee rebates to users.
- Axiom does not intend to launch a token or seek further venture funding, as it is already profitable.