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Exchanges (DEX)

Axiom Trade

# Axiom Trade Fees Methodology

## 1. Overview

Fees are measured as the total value paid by users to execute trades through Axiom Trade and Axiom Perps. For Axiom Trade, fees are generated from trading activity and collected as SOL inflows into designated fee accounts on Solana, and as native asset inflows on BNB Chain and Robinhood Chain. For Axiom Perps, fees are represented by the builder fees paid to Axiom's builder address for trades executed on Hyperliquid. This metric is used to evaluate the overall economic activity and revenue-generating capacity of the suite of trading products.

## 2. Data sources

- **Blockchain events**: Solana account balances, native asset transfers, and node fill events, covering Solana, BNB Chain, Robinhood Chain, and Hyperliquid
- **External data**: End-of-day price feeds for assets

## 3. Step-by-step calculation

### Component A: Axiom Trade Solana fee extraction

- **Purpose**: Capture trading fees generated by the Axiom Trade bot on Solana
- **Logic**: Solana account balances are parsed to identify positive balance changes across a designated list of fee accounts. Transactions where the signer is one of the fee accounts are excluded to prevent the inclusion of internal transfers. The net positive balance changes, calculated as the difference between the post-balance and pre-balance of the fee accounts, are summed per transaction to determine the total SOL fee paid.
- **Key fields**: `block_timestamp`, `signer`, `pre_balance`, `post_balance`, `account_key`

### Component B: Axiom Trade EVM fee extraction

- **Purpose**: Capture trading fees generated by the Axiom Trade bot on EVM chains
- **Logic**: Native asset transfers are parsed to identify inflows into designated fee distributor accounts. These inflows are matched within the same transaction to native asset outflows from designated trade contracts. The matched inflow amounts are aggregated to determine the total trading fees before any cashback is distributed.
- **Key fields**: `block_timestamp`, `transaction_id`, `chain`, `token_address`, `amount`

### Component C: Axiom Perps fee extraction

- **Purpose**: Capture builder fees generated by Axiom Perps on Hyperliquid
- **Logic**: Node fill events on Hyperliquid are filtered to identify trades routed through Axiom's builder address. The builder fees paid in USDC are extracted and aggregated.
- **Key fields**: `block_timestamp`, `builder_fee`, `fee_token`, `builder`

### Component D: USD conversion and aggregation

- **Purpose**: Normalize fee values and convert them to USD
- **Logic**: Axiom Trade fees denominated in SOL and native EVM assets are normalized by decimal precision and multiplied by end-of-day asset price feeds to convert the values to USD. Axiom Perps fees denominated in USDC are aggregated directly. All fees are summed by day, chain, and product using UTC day boundaries.
- **Key fields**: `timestamp`, `chain_id`, `product_id`, `fees`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value users pay to use a protocol (gross fees, user-paid fees).

Axiom Trade

Fees

Fees

Competitive landscape

Chain breakdown