Trading App Wars

Trading applications are complexity abstractors.

They facilitate an upgraded trading experience for users: data aggregation, increased execution speed & simple UX, and charge a fee for the service.

The success of trading applications is not determined by value locked in smart contracts. Trading applications & bots are analyzed based on fees generated from trading volume, and the revenue that the protocol takes home.

For trading applications, users vote with their feet: we can analyze the protocols earning the most in fees.

Fees & Revenue - Protocol Level

Aggregate view of fees & revenue, comparing both Trading Apps & Telegram Bots

Fees & Revenue - Chain Level

Solana's low fees & high throughput facilitate most of the activity.

Market Share Breakdown

Telegram Bots are in a fierce fight, with new competitors gaining market share often.

Trading Apps, on the other hand, are dominated by Axiom.

Protocol Data

Use the table below to sort & filter by fees, revenue and market share.