GMGN Benchmark

Terminal	Median swap	Value lost	Lost / swap	Terminal	Network	Pool	Protocol	Failed	p90	Swaps
1pump.fun appby chain	$12.6	229 bps 2.29 %	$0.29	0	4	31	120	3.9%	599 bps	402
2BasedBotby chain	$61.2	331 bps 3.31 %	$2.03	99	2	76	109	0.0%	603 bps	160
3FOMOappby chain	$20.9	336 bps 3.36 %	$0.70	129	26	60	73	8.0%	619 bps	638
4GMGNappby chain	$23.4	347 bps 3.47 %	$0.81	99	33	90	65	1.8%	673 bps	639
5Photonapp	$30.3	382 bps 3.82 %	$1.16	99	50	42	118	4.3%	928 bps	125
6BONKbot	$46.6	390 bps 3.90 %	$1.81	99	47	61	100	1.3%	715 bps	131
7Axiomappby chain	$36.5	429 bps 4.29 %	$1.57	90	17	77	145	4.5%	1074 bps	254
8Trojanbot	$24.5	435 bps 4.35 %	$1.07	98	85	38	111	2.4%	1102 bps	122

Split columns are medians of each cost in basis points of the trade (100 bps = 1 %), each chain's median weighted by its flow on a multi-chain product; they do not sum to the median loss, the per-swap sums do (audit table).Terminal feeNetwork (tx fee + tips, origin gas)Relay (bridge fees + spread)Protocol fees (launchpad, curve, referrals)Pool (LP fee + impact, hops)

Audit the sampled swaps · the 3000 most recent transactions (134 on GMGN), one per row with its Solscan link, loss and cost split, on the bench page

Real user swaps read on-chain (Solana: each terminal's fee-wallet and program feed; EVM: the terminals' routers and blocks read in full; 400 drawn at random per terminal per day, 1,000 on the EVM rows, every attempt counted for the fail rate), valued at the pool's state before the trade (exact where the pool's formula is known: PumpSwap, Raydium, Launchpad, DLMM, four.meme, the EVM pools; the previous trade on the same pool within 60 s elsewhere; swaps without one keep their cost split but no loss figure). Loss = 1 − value received / value given, in basis points of the trade; terminal, network and other are exact from balance deltas, the tx fee and inclusion tips included. Published from 50 priced swaps pooled (a chain row or a single-chain product from 25), ranked from 100. GMGN's fee wallets also receive 1-lamport markers on wallet-funding transfers; those invoke no swap program and are excluded from every count, the fail rate included. Bench 268, rolling 24 h, as of Sun, 27 Sep 2026 23:05:56 UTC.