Author: Fairy, ChainCatcher

Editor: TB, ChainCatcher

Axiom achieved 4.3 million visits in its launch month, quickly entering the main battlefield of trading platforms; however, its official Twitter has only posted 4 tweets to date.

This decentralized trading platform on Solana, incubated by Y Combinator, initially secured only $500,000 in seed funding, yet it now generates over $1.5 million in daily revenue, far surpassing competitors like BullX and Photon.

What’s even more noteworthy is that both founders of Axiom graduated from university not long ago. How did they manage to build such an outstanding project in a short time? What unique advantages does Axiom possess?

Axiom's Current Achievements

Axiom's main user base is distributed across Europe and America, with the platform's total user count surpassing 600,000. Since its launch in February this year, Axiom has rapidly captured market share, setting a new daily trading volume record of $420 million on May 14.

As of now, Axiom holds a 58% market share in the Solana trading bot sector, successfully replacing Photon, which had long dominated the market. In the Solana Meme trading platform category, Axiom's market share exceeds 69%, firmly holding the top position.

Image Source: Dune

Axiom's protocol revenue is equally impressive. According to DefiLlama data, its 24-hour revenue exceeds $1.64 million, ranking first among all DeFi protocols on Solana, surpassing Pump.fun. In the overall DeFi protocol landscape, Axiom ranks sixth, following leading protocols like Hyperliquid and PancakeSwap.

Additionally, Axiom achieved a cumulative revenue of $100 million within just four months of its launch, whereas Pump.fun took seven months to reach the same revenue level.

Image Source: DefiLlama

Axiom's Two "Post-00s" Founders

Axiom's two co-founders, Preston E. and Henry Zhang, are both born after 2000 and graduated from the University of California, San Diego with degrees in computer science, completing their undergraduate studies in 2023 and 2024, respectively.

Henry Zhang, the current CEO of the project, joined TikTok after graduation as a junior software engineer, primarily responsible for developing the generative AI module for advertising. As early as 2022, he achieved platinum level in the American Computer Olympiad, showcasing his algorithmic prowess among peers. In 2024, he co-founded Axiom with Preston E.

The other co-founder, Preston E., serves as CTO and is pursuing a master's degree in electrical engineering and computer science at the University of California, Berkeley after completing his undergraduate studies. He interned at DoorDash for three months during the summer, leading the development of an AI review summary system.

These two young individuals have transformed Axiom into a star project with over $100 million in revenue, thanks to their precise grasp of product, technology, and market rhythm.

Left: Preston E., Right: Henry Zhang

Why is Axiom So Strong?

Monetary incentives are one of the most effective methods; Axiom rewards active traders with cashback linked to their trading volume. To date, Axiom has returned over $59 million to users, accounting for 40% of its cumulative fee revenue.

Axiom has designed a three-tier referral system:

• Level 1 Referral: Earn 30% of the trading fees from directly invited users.
• Level 2 Referral: Earn 3% of the fees generated by users invited by the referred users.
• Level 3 Referral: Earn 2% of the fees generated by the next level of referred users.

In contrast, competitors have more restrictive referral systems: both BullX Neo and Photon require team approval to participate, while GMGN offers a referral commission of 10%, with higher rates primarily aimed at KOLs.

Image: Dune

From a product perspective, Axiom resembles a highly integrated "functional amalgamation," organically combining several high-performing modules from the market: contract trading is integrated with Hyperliquid, and it collaborates with Coinbase for deposits, allowing users to purchase up to $500 in crypto assets weekly without KYC; additionally, it has "imported" the live trading module from Pump.fun and supports SOL staking, wallet aggregation, and Twitter monitoring features.

The key aspect is the optimization of the trading experience. Axiom claims to achieve a transaction execution speed of "less than one block" (0.4 seconds) based on a customized engine and node deployment, which is crucial for high-frequency and fast-paced Meme coin traders. As crypto KOL Yue Xiaoyu stated, "Axiom's rapid rise is due to its ability to deeply explore the needs of Meme coin users, becoming the market leader through speed, experience, and one-stop service."

However, the platform is not without its shortcomings. Community member @GaoHeadmaster reported that the exchange cost between SOL and USDC in contract trading is relatively high. Currently, Axiom only supports SOL deposits, but contract trading must be converted to USDC, causing some friction in the usage process.

A young team, rapid product development, astonishing revenue… Axiom has completed a high-speed sprint in just four months. However, the story is not a sprint but a marathon. The upcoming track is longer, with more competitors; whether Axiom can continue this brilliance is the true highlight of the second half.

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