Axiom
Axiom (also Axiom Exchange) is a browser-based trading platform for Solana tokens, used heavily for memecoins, that also offers perpetual futures through Hyperliquid.[1] It was co-founded by Henry Zhang ("Mist") and Preston Ellis ("Cal") and incubated in Y Combinator's Winter 2025 batch.[1]
History[edit]
The founders were 22-year-old University of California, San Diego graduates who had worked at TikTok and DoorDash.[1] The Block dates the company to 2024; Axiom opened early access in late January 2025 and to the wider public in mid-February 2025.[1][2] It reached $100 million in lifetime fees in about four months, by The Block's count from Dune and Token Terminal data; pump.fun took about eight months to reach the same mark.[1] By 7 July 2025 it had taken over $150 million in fees, served about 650,000 wallets and $15 billion in volume, and held 72% of Solana trading-bot volume, up from 2% in early February, according to DL News.[3] DL News called it the fastest Y Combinator company to $100 million in revenue.[3]
Products[edit]
Axiom routes swaps for Solana tokens including pump.fun launches, and adds wallet and X (Twitter) tracking, watchlists, yield on idle balances through MarginFi and planned SOL staking through Jito.[1][3] Trading fees ran from 0.95% at the base tier to 0.75% at the top tier as of May 2025, partly rebated in SOL, and a points programme led users to expect a possible airdrop, which DL News credited for much of its growth.[1][3] It overtook earlier platforms such as Photon and BullX.[3]
Controversies[edit]
On 26 February 2026 ZachXBT published an investigation, commissioned by others, alleging that a New York-based senior business development employee used Axiom's internal support tools to look up users' linked wallets and shared lists of private wallets belonging to KOLs; he said confirming specific insider trades would need Axiom's internal logs.[2] Axiom said it was "surprised and disappointed", removed employee access to the tools and said it would hold those responsible accountable.[2] Lookonchain reported that suspected insiders made about $1 million on Polymarket betting on the investigation's subject before publication.[4]
Timeline[edit]
- 2025-01: early access opens[1]
- 2025-02: public launch[1]
- 2025-05-25: The Block reports $100 million in lifetime fees[1]
- 2025-07-07: over $150 million in fees and 72% of Solana bot volume, per DL News[3]
- 2026-02-26: ZachXBT alleges employee misuse of internal wallet data[2]
See also[edit]
References[edit]
- ^ Axiom exchange hits $100 million in revenue just four months after launch, The Block, 2025-05-25
- ^ ZachXBT names Axiom in investigation into alleged employee insider trading, The Block, 2026-02-26
- ^ Solana bot platform Axiom takes over AI coder Cursor with $150m revenue fuelled by airdrop hype, DL News, 2025-07-07
- ^ Suspected inside traders betting on Axiom insider trading probe rake in $1 million: Lookonchain, The Block, 2026-02-26