Axiom Exchange Reaches $100M Revenue Fast 🚀
Axiom, a trading platform that went live earlier this year, has already generated $100 million in revenue, making it one of the fastest startups to reach this goal. Co-founded by 22-year-old graduates Henry Zhang and Preston Ellis, the platform facilitates trading of Solana-based tokens and perpetual futures on Hyperliquid. Supported by Y Combinator, Axiom rewards traders with significant fee returns and plans to expand beyond the current blockchain ecosystems. It also offers yield earning from idle cash and will soon enable native SOL staking. Though Axiom has no plans for a native token, it rewards users with 'Axiom points'. Despite their success, Zhang and Ellis prefer maintaining a low profile.
FAQ
❓ What is Axiom's business model?
Axiom earns revenue through trading fees and returns a portion to top traders as rewards, optimizing user engagement.
❓ Who founded Axiom?
Axiom was founded by Henry Zhang and Preston Ellis, recent UC San Diego graduates with experience in TikTok and DoorDash.
❓ What are Axiom's future plans?
Axiom aims to expand to other blockchain ecosystems, although specific plans have not yet been announced.