Axiom Is Now the Third Most Profitable Platform in DeFi

The decentralized trading interface and DeFi hub generated almost $2 million in the last 24 hours, flipping pump.fun and Hyperliquid.

Decentralized trading interface Axiom is now the third-largest revenue generator in all of DeFi, following behind stablecoin giants Tether and Circle.

Driven by the memecoin market’s resurgence, the protocol’s 24-hour revenue has nearly 10x’d over the last two months, and Axiom generated an all-time high of $2 million in daily revenue on April 30, compared to just $254,000 on March 1, according to DeFiLlama.

the-defiant — DeFi 24-hour revenue. Source: DeFiLlama

Axiom’s increased fees and revenue is driven by the memecoin market’s slow but sure comeback, which cemented itself yesterday as tokens such as HOUSECOIN finally surpassed the $100 million mark, and a new launch called GORK ran from near zero to $60 million in a matter of hours.

Thanks to the “memecoin supercycle,” memecoin trading infrastructure like Axiom and pump.fun have become powerhouses in modern DeFi, but have also faced criticism for selling fees, collected in tokens such as SOL, for fiat.

Axiom was founded in 2024, and is a Y-Combinator-backed trading platform that aggregates cross-chain spot trading, perpetual derivatives, and yield opportunities within its interface.

The platform also includes common onchain trading tools such as wallet tracking, social profile tracking, and a “pulse” system for memecoin traders inspired by Photon’s memescope.