Axiom, a trading platform founded by UC San Diego graduates Henry Zhang and Preston Ellis, has recently gained significant traction in the Solana ecosystem by integrating memecoins with Hyperliquid’s perpetual futures. Last week, Axiom reported approximately $10.5 million in revenue, placing it second after pump.fun, which earned $12.2 million. In contrast, notable competitor Phantom generated around $4.3 million. The success of Axiom is attributed to its unique combination of popular trading products and a rakeback program for power users, which offers fee rebates. After being selected for Y Combinator, the accelerator known for alumni like Airbnb and Coinbase, Zhang and Ellis focused on enhancing Axiom's offering without seeking further venture funding, as the platform is already profitable. Axiom has quickly secured over 50% market share in Solana’s trading bot space, a significant increase from earlier in the year when competitors dominated. While Axiom has avoided launching its own token, its innovative trading strategies are attracting considerable interest from the crypto community.

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