Axiom Exchange has overtaken Pump.fun to become the top revenue-generating protocol on the Solana blockchain over the past seven days, according to DeFi analytics platform DeFiLlama.
The Y Combinator-backed trading platform, which specializes in automated memecoin transactions, posted $13.34 million in revenue during the last week. The figure places Axiom $1.19 million ahead of Pump.fun, which had held the top spot in protocol revenue generation on Solana for weeks.
In its first week of operation, Axiom Exchange generated approximately $19 million in total revenue, securing a 29% share of the memecoin decentralized application (dApp) market.
Per Dune Analytics, Axiom Exchange had taken up 68% of Solana’s entire trading bot volume, as of May 4. The protocol also crossed $100 million in daily trading volume in mid-April.Â
Axiom Exchange charges toward Pump.fun’s 30-day revenue stat
Pump.fun still leads the chart in 30-day revenue collection with $49.47 million, but Axiom is just $10 million behind the memecoin launchpad.
Third and fourth on the list are Solana’s Phantom wallet and Jupiter exchange, closely following each other with $16 and $15 million respectively.
On the 7-day total volume tally, Axiom is still far from reaching the numbers counted by the top 10 in the list, which is led by Raydium with $4.972 billion.
According to market watchers, Axiom Exchange has pulled numbers in the Solana community because of its advanced trading features, which favor the snap-trades memecoin enthusiasts like Solana for.
The platform allows users to execute trades on command and includes integrated market analytics with real-time data to help users monitor memecoin trends and adjust their strategies accordingly.
The exchange’s bots can configure custom trading rules to negate the need for investors to oversee changes in their positions manually. Axiom Exchange also integrates with Hyperliquid, a decentralized exchange offering leveraged perpetual contracts. Through this integration, users can access leveraged trading, reportedly up to 35x, without leaving the Axiom platform.
Beyond active trading, the protocol offers yield farming options, including the ability to stake USDC at a stated annual percentage yield of 6.59%.Â
Solana newly launched tokens surpassed 1 million in April
Meanwhile, the Solana blockchain saw over 1.2 million newly minted SPL tokens in April, according to a Tuesday update from SolanaFloor. Data visualized in a 30-day bar chart shows a consistent rate of token generation, which was always upwards of 30 thousand tokens a day.
The chart reveals daily new token counts ranging mostly between 35,000 to 55,000 SPL tokens, with occasional peaks touching nearly 60,000, notably on April 15 and April 16.Â
Token minting volumes remained high throughout the month, with only a few days dropping below 40,000 tokens. Even during slower periods like April 24–26, daily minting still exceeded 35,000 tokens.Â
Aggregating daily averages from the graph over the 30-day period, the total number of SPL tokens minted in April comfortably surpasses 1.2 million, placing it as one of the most active months on record for Solana in 2025.Â
Elsewhere, institutional accumulation of SOL tokens continued this week as two corporate entities disclosed substantial purchases of the token.
On Tuesday, DeFi Development Corp announced the acquisition of approximately 82,404.50 SOL tokens. The firm’s total Solana holdings have now reached an estimated 400,091 SOL, valued at around $58.5 million as of May 6, 2025.
Separately, Upexi Inc., a consumer product company, reported that it increased its Solana treasury to approximately 201,500 tokens. The firm disclosed it had spent $30 million to make the purchase, with an average acquisition price of $148.47 per token.
Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
