Solana trading platform leaderboard: pump.fun vs GMGN vs Axiom vs Fomo, live 24h volume
Live 24-hour trading volume for each Solana trading platform and Telegram bot. Polled every 15 minutes from Mobula lighthouse, which aggregates on-chain swap events routed through each frontend across all Solana DEX programs.
TL;DR. As of , GMGN leads 24h volume at $129.79M (24h) on Solana trading platform leaderboard: pump.fun vs GMGN vs Axiom vs Fomo, live 24h volume. Source: OpenChainBench, https://openchainbench.com/benchmarks/solana-trading-platform-wars.
Read this carefully
Volume figures are sourced from Mobula's lighthouse aggregator, which indexes on-chain swap events attributed to each trading platform or Telegram bot. Data is refreshed every 15 minutes. Platforms with zero volume may indicate no attributable on-chain activity in the last 24 hours or a temporary attribution gap in Mobula's indexing.
Solana's trading frontend market is a contested race between GMGN, Axiom and Fomo, with Trojan and Padre close behind as the dominant Telegram bots. This benchmark tracks the 24-hour trading volume routed through each platform in real time using Mobula's lighthouse aggregator, which attributes on-chain swap events to the originating frontend. GMGN consistently ranks at or near the top, regularly processing over $100 million in daily volume on active days. Axiom competes closely behind and the two regularly trade places as market conditions shift. Fomo has been narrowing the gap and on active days has matched or exceeded Axiom, making the top three increasingly competitive. Trojan serves the Telegram-native trader segment with significant bot-driven flow. Padre is a web trading terminal. Phantom routes wallet-initiated swaps and collects a 0.85% platform fee on those trades. The fee column shows which platforms capture the most protocol revenue per dollar traded; see methodology for Fomo's fee source.
Methodology
The harness polls the Mobula lighthouse endpoint (api.mobula.io/api/2/market/lighthouse) every 15 minutes. Mobula attributes each on-chain swap event to the originating trading platform or bot using referral tags, program IDs and memo fields embedded in transactions. The harness exposes three gauges per platform: solana_platform_volume_24h_usd, solana_platform_fees_24h_usd and solana_platform_health. All platforms returned by the API are tracked automatically. The benchmark YAML selects the highest-volume Solana-native trading platforms as providers.
Frequently asked
Which Solana trading platform has the most volume?
GMGN and Axiom consistently trade places at the top, and Fomo has been narrowing the gap. The leaderboard is live and updates every 15 minutes, so the current ranking is always visible at the top of the page. Headlines claiming one platform has overtaken another are often based on a single day or a specific metric; this bench tracks the rolling 24h window continuously.
Does the pump.fun volume here include PumpSwap?
Partially. The pump.fun line comes from Mobula's byLaunchpad bucket, which covers bonding-curve swaps via pump.fun's own frontend. PumpSwap (the AMM for graduated tokens) is a separate program launched in 2025. Direct PumpSwap trades via pump.fun's interface may be partially included depending on Mobula's indexing of the PumpSwap program. Trades on pump.fun tokens routed through GMGN or Axiom to PumpSwap count under those platforms, not under pump.fun.
What is the difference between GMGN and Axiom?
Both are web-based Solana trading terminals targeting power traders. GMGN emphasizes AI-powered wallet analysis and copy trading. Axiom is a terminal-style platform focused on chart speed and order execution. Both route through Jupiter and direct DEX pools.
Why does Fomo's fee column use a different source?
Fomo collects fees in SOL and USDC to a dedicated fee wallet (R4rNJHaffSUotNmqSKNEfDcJE8A7zJUkaoM5Jkd7cYX), plus an off-chain relay fee component stored in a private Dune table (dune.tryfomo.fomo_relay_fees) that only DeFiLlama can read via a data partnership. Mobula's referral-tag attribution captures only the on-chain component, understating Fomo's total revenue. The fee column for Fomo uses DeFiLlama, which adds both components. All other platforms use Mobula.
Are Trojan and Padre Telegram bots?
Trojan is a Telegram-native trading bot. Padre is a web trading terminal with an AI assistant, not a Telegram bot. Both embed referral tags in transactions which Mobula uses to attribute volume.
How is trading platform volume different from launchpad volume?
Launchpad volume (bench 200) counts swaps through bonding-curve programs like pump.fun or Flap. Platform volume here counts swaps attributed to a trading frontend regardless of which underlying DEX or launchpad was used. Attribution is mutually exclusive per Mobula's referral tag system: a trade on pump.fun tokens routed through GMGN counts under GMGN, not under pump.fun.
Why does BullX show zero or low volume?
BullX has limited Solana attribution in Mobula's lighthouse data. BullX primarily targets EVM chains and its Solana swap volume may not be tagged with referral data that Mobula can attribute. DEX volume for BullX across chains is tracked in bench 205.
Source code github.com/ChainBench/OpenChainBench/tree/main/harnesses/solana-trading-platform-wars