Solana-Based Axiom Trading App Surpasses Hyperliquid in 24-Hour Revenue
Axiom Trading app is a decentralized trading platform built on Solana, has recently overtaken Hyperliquid in 24-hour revenue, marking a significant milestone. This achievement reflects Axiom’s rapid growth and user adoption, partly fueled by its points program attracting traders with incentives comparable to Hyperliquid’s popular rewards.
Hyperliquid, a leading DeFi perpetual trading platform with a Layer 1 blockchain architecture, had dominated much of the market with daily revenues reported at around $62 million in peak months. Both platforms leverage advanced decentralized finance technologies, but Axiom’s Solana base enables high throughput and low transaction costs, appealing to a broad user base.
Axiom is backed by notable incubators such as Y Combinator, which supports its scaling and innovation. The competition highlights the growing diversity and specialization of decentralized trading platforms in the crypto space.
