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Exchanges (DEX)

Axiom Trade

# Axiom Trade Supply-side fees Methodology

## 1. Overview

The share of fees distributed to service providers or returned to users as cashback is measured by supply-side fees. For Axiom Trade, this metric represents the portion of trading fees redistributed back to traders to incentivize trading activity. Cashback payments are distributed in native assets from designated cashback accounts on Solana and fee distributor accounts on BSC and Robinhood Chain. For products where cashback is not supported, such as Axiom Perps, supply-side fees are set to zero.

## 2. Data sources

- **Blockchain events**: Account balance changes from designated cashback accounts and native asset transfers from fee distributor accounts, covering Solana, BSC, and Robinhood Chain
- **External data**: End-of-day price feeds for native assets

## 3. Step-by-step calculation

### Component A: Cashback payment tracking

- **Purpose**: Identify and extract cashback payments distributed to traders
- **Logic**: For Solana, native SOL balance decreases are tracked for designated cashback accounts (`AxiomRXZAq1Jgjj9pHmNqVP7Lhu67wLXZJZbaK87TTSk` and `AxiomRYAid8ZDhS1bJUAzEaNSr69aTWB9ATfdDLfUbnc`). A balance decrease is identified when the pre-transaction balance exceeds the post-transaction balance, representing cashback returned to traders. For EVM chains (BSC and Robinhood Chain), native asset outflows are tracked from designated fee distributor accounts (`0xdec29d79e8cdf009d2fa33e0558cb5648481cac3` on BSC and `0x6fb4460e4bebf662fcd9bfa5ce6d6231732bb86c` on Robinhood Chain). Outflows are excluded if they are directed to the protocol's consolidation account (`0x43d2a6763fcdb002328c2754a2bad82ec24b35fc`), ensuring only cashback distributions to traders are captured.
- **Key fields**: `pre_balance`, `post_balance`, `amount`, `value`, `account_address`

### Component B: USD conversion and normalization

- **Purpose**: Normalize cashback values and convert them to USD
- **Logic**: Cashback amounts are normalized by decimal precision and aggregated daily. The normalized values are converted to USD using end-of-day asset prices.
- **Key fields**: `amount`, `token_address`, `price_usd`

### Component C: Supply-side fee aggregation

- **Purpose**: Combine supply-side fees across all products
- **Logic**: The daily USD cashback values for Axiom Trade are aggregated. For products where cashback is not distributed, such as Axiom Perps, the supply-side fees are set to zero.
- **Key fields**: `fees_supply_side`

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

Portion of fees distributed to service providers or supply-side participants.

Axiom Trade

Supply-side fees

Supply-side fees

Competitive landscape

Chain breakdown