Photon vs Axiom
One number settles the size question and it is public: how much each protocol collected in trading fees over the last 30 days. Axiom took $52.9M. Photon took $434K.
| Photon | Axiom | |
|---|---|---|
| Fees, last 30 days | $434K | $52.9M |
| Fees, last 7 days | $75K | $14.7M |
| Change vs prior 30 days | -38.4% | +48.3% |
| Peak 30-day window | $84.2M ended 2025-02-01 | $93.7M ended 2025-05-23 |
| Percent off its own peak | 99.5% | 44% |
| Fees, all time | $441.8M | $807.8M |
| Chains | Solana | Solana, BSC |
| Type | Web terminal | Web terminal |
| Tracked since | 2024-01-12 | 2025-01-20 |
| Verdict | Fading | Growing |
| 14-month shape | ||
| Site | photon-sol.tinyastro.io | axiom.trade |
All figures as of September 25, 2026 (UTC). Sources: DefiLlama › Photon and DefiLlama › Axiom.
Photon
Photon took $434K in fees over the last 30 days, 99.5% below its peak 30-day window of $84.2M. Money is still moving through it, but the trend is down.
Fast web terminal that was the default pre-Axiom. Runs on Solana. Tracked by DefiLlama since 2024-01-12.
Axiom
Axiom took $52.9M in fees over the last 30 days, up +48.3% on the 30 days before that. It is one of the few names in this category still growing.
Browser trading terminal with a bundled wallet, launched January 2025. Runs on Solana, BSC. Tracked by DefiLlama since 2025-01-20.
What this comparison does not tell you
Fee take is a size and direction signal. It does not tell you what either product charges you per trade, how fast either fills, whether either has ever lost user funds, or whether anyone trading through them is up. Read each product's own fee page before you deposit, and assume the marketing number is the best case.
Questions
Photon vs Axiom: which is bigger?
Axiom, by a clear margin. Over the trailing 30 days Axiom collected $52.9M in protocol fees and Photon collected $434K, 122x the fee take. Figures as of September 25, 2026 from DefiLlama.
Which one is still growing?
Photon is down -38.4% month over month and Axiom is up +48.3%. Direction matters more than size when you are picking something to build a habit on.
Does bigger mean better?
No. It means more people are currently routing trades through it, which usually correlates with liquidity coverage and support responsiveness. It is not a claim about fees charged to you, feature quality, or whether you will make money. You will need to check the fee schedule on each product yourself.
Are these numbers current?
They were pulled from DefiLlama's public fees API on September 25, 2026 (UTC) and this page is regenerated on a schedule. Both protocol pages are linked so you can check the live series yourself: Photon and Axiom.