Axiom Tops Solana DEX Charts with $15M Weekly Revenue

A new ratification of revenue discloses that Axiom Exchange has become the most profitable decentralized exchanges (DEX), albeit on Solana blockchain and raked an impressive amount of 15M of revenue per week. The achievement highlights both the DeFi leadership of Axiom, but also the powerhouse and multiplicity of the Solana DeFi ecosystem.

The newest report, summarized on X Blockworks Research, depicts a number of platforms succeeding beyond Axiom. Another five platforms exceed 1 million a week in earnings, demonstrating that the profitability of the sphere is not assigned to the one and only participant. Moreover, ten of the DEXes make more than $75,000 per week and this amount is sufficient to fund lean startup teams and innovate the network.

Why Solana Remains a DeFi Powerhouse?

Solana has been dominating in the adoption of DeFi because of its low transaction costs and scalability to greater speed network of up to 65,000 transactions per second (TPS). This scalability appeals to the traders who need fast, cheap trading, especially in a bull market or a judgment token. Strong liquidity, which is paired with low latency, ultimately makes Solana-based platforms attractive among both institutional and retail traders.

Sustainability of the Smaller Projects

The results show that even relatively low amounts of revenue, such as 75K per week, may support development teams, expenses of infrastructure, and keep the operations up and running successfully. On other platforms like Bloom, DexScreener and Banana Gun, the presence of recurring revenue bodes well that a major DeFi startup ecosystem is feasible on Solana in addition to sector giants like Axiom.

In spite of the encouraging statistics, DeFi members are cautious about sandwich attacks, a type of market manipulation in which bots take advantage of when a trade is executed to mana