Axiom Emerges as a Dominant Fee Generator on Solana DEXs

Axiom has rapidly climbed the ranks to become a top fee generator within the Solana decentralized exchange (DEX) ecosystem, showcasing significant growth in both fees and volume share

Axiom, the decentralized exchange (DEX) platform on Solana, has quickly become a dominant force in generating fees within the Solana DEX ecosystem.

An analysis of daily fees and volume share highlights Axiom’s significant growth since early 2025, in contrast to other prominent SOL platforms like Pump.fun and Banana Gun Bot.

Chart of the day: Axiom's steep ascent in daily fees

According to Messari, who tracks daily fees for key SOL platforms, Axiom’s performance can be seen in the chart above. The chart tracks the daily fees generated by Axiom, Pump.fun, and Banana Gun Bot.

Moreover, the chart plots Axiom’s and Banana Gun Bot’s volume share as a percentage of total Solana DEX volume (based on a rolling 7-day share). Axiom’s share is denoted by the dashed line, while Banana Gun Bot’s share is in gray.

As seen in the chart, there's a clear upward trajectory in the amount of fees generated by Axiom, with a few spikes noticeable. Notably, Axiom’s share of Solana DEX volume has seen a dramatic increase, especially from late March through May, at times exceeding 8%.

While Pump.fun consistently generated significant fees, especially in the early months of 2025, Axiom’s fee generation has shown a steeper ascent.

The analysis shows that Axiom’s share of Solana DEX volume has seen a dramatic increase, especially from late March through May, at times peaking above 8%. This indicates not just increased activity on Axiom but also its growing importance in the overall Solana DEX landscape. Banana Gun Bot, while present, shows a relatively smaller and more stable volume share.

This emergence of Axiom as a significant fee generator underscores its increasing utility and adoption among users on the Solana blockchain, further cementing its position as a key player in the network’s burgeoning decentralized finance (DeFi) ecosystem.