what's photon?
Photon is a cryptocurrency trading bot and platform primarily used for Solana-based token trading, offering scalp trading and quick execution features. It competes with similar platforms like BullX, Axiom, Bonkbot, and Trojan. The platform is used as an integration partner by various DeFi projects including Bitdealer, providing trading infrastructure and liquidity support. Additionally, Photon exists as a gas token within the Cosmos/AtomOne ecosystem, used on Osmosis DEX and for treasury operations in AtomOne's dual-token model. The project has faced community criticism regarding delayed airdrop promises, and some users have reportedly migrated to competing platforms like Axiom. Despite competition, it remains actively used for trading operations and DeFi integrations across multiple blockchains.
Photon earned over $100 million in revenue in 2025.
earned over $100 million in revenue in 2025
Criticized alongside pump.fun, Bonk, BullX, and Axiom for collectively extracting over $1.5B in fees from Solana without reinvesting into the ecosystem.
User states platform will not distribute airdrops and mentions upcoming class action lawsuits against the project.
Photon identified alongside pump.fun and Axiom as key applications behind Solana's market cap growth from $20 billion to $150 billion in external market commentary.
Bitdealer launchpad integrates with Photon alongside other major Solana trading tools including Jupiter, Meteora, Axiom, and Bonkbot.
Points program has been active for 647 days, ranking as the second-longest running program among major active points programs without token distribution.
Multi-wallet feature now live for BNB chain with support for up to 10 active wallets, fund distribution capabilities, and simultaneous multi-wallet trading and limit order execution with one-click functionality.
Photon releases SOL platform updates including multi-wallet token consolidation view, developer funding source visibility on Memescope, average buy/sell metrics for filtered wallets, and Wen.dev launchpad integration added to Memescope filters.
BNB chain integration now live with X-mode token purchase support, enhanced filtering for Four Meme and X-mode tokens across Memescope/Trending/New Pairs, and tax information display on token pages.
Padre surpasses Photon to become the second-largest Solana trading bot by volume and market share.
Revenue reaches $500M in under one year for Axiom/Photon platform.
Direct competitor Padre was acquired by pump.fun.
Pump.fun structures its reward program to favor native app users over those using competing terminals like Photon.
Q3 2025 results show a -41% decline in network GDP contribution, listed as the top driver of Solana's overall -6.8% network GDP decrease for the quarter.
The platform has no withdraw function for tokens and only allows BNB withdrawals, as reported during competitor testing.
No airdrop has been announced or distributed, with partners publicly requesting one despite earlier community expectations.
Binance launches Meme Rush trading terminal as direct competition, specifically positioning it as their answer to Photon and similar platforms that have been "eating their lunch" in the memecoin trading space.
A Token Generation Event (TGE) is confirmed for Q4 2025.
Platform will soon support third-party plugins, with a bundle analysis tool planning integration.
An airdrop is expected to occur according to community discussion.
Platform adds new PNL analysis tools with 1d/7d/14d/30d timeframes, PNL calendar, daily recaps, and one-click save/share functionality.
Project remains unaffected by recent blockchain hack, demonstrating security resilience.
New PHT staking program launches on Polygon network, offering DeFi yield opportunities.
Platform demonstrates reliability advantage as competitor update disrupts trading bot operations.
Free mint NFT launching on Solana with 2140 supply, including platform utilities and potential token integration.
New multi-wallet trading mechanism launches, expanding platform functionality.
Trading bots extract over 1.3B from ecosystem, with platform leading at 420M in extracted value, significantly ahead of nearest competitor at 210M.
Daily fee revenue drops to $100k, while competitor Axiom generates $1M daily.
Cumulative fee revenue hits $500M, showing continued growth despite competitive pressure.
New yield farming opportunity available through LABtrade integration, offering LAB token rewards while maintaining access to existing trading infrastructure.
User exodus to Axiom results in improved transaction speeds due to reduced network usage.
New competitor launches overlay solution offering 50% lower fees and faster execution while maintaining compatibility with existing trading terminals.
Protocol generates $414M in fee revenue, achieving 53% of market leader's revenue.
Trading terminal signals first-ever token launch and airdrop within 60 days alongside rewards program.
Protocol generated millions in fees during meme season but failed to deliver promised airdrop from 13 months ago.
Trading bot sector generates nearly $1B annual revenue despite limited retail adoption, indicating significant institutional usage or potential market disconnect.
New trading plugin launches next week to combat market manipulation and democratize data access.
HyperEVM integration goes live with backing from Coinbase Ventures, Azuki, and prominent crypto investors.
Trading bot and fee-extracting UI layer market reaches saturation point, introducing heightened execution risk for single-project exposure.
Protocol increases maximum trading fee to 99% at launch with real-time fee display integration on Axiom and Photon platforms.
Verified case study reveals 14M USD return from 1 SOL initial investment through platform trading.
Critical market data delay of 20-40 seconds versus Pumpfun platform enables advanced traders to front-run transactions.
Strategic team expansion includes AVAX creator partnership through new member Swanny.
Bot trading volumes hit 390M, indicating significant automated trading activity and potential market manipulation risk.
Protocol extracts additional $200M+ in liquidity with zero planned ecosystem reinvestment via airdrops.
Pre-launch project revealed by team whose previous venture achieved 100x returns over 2-year period.
Active traders decline 30% from 123,000 to 86,000 between May 14-31, while maintaining high per-user daily trading volume of $968.
Retail traders exhibit pattern of depositing small amounts ($60-90) for repeated high-risk trading, indicating widespread adoption among younger demographic despite known liquidity extraction risks.
Protocol identified as liquidity extractor, responsible for $347M in drained liquidity as part of larger $1.55B market drain.
Project ranks among top 15 revenue-generating crypto projects with $15.7M in 30-day revenue.
Pumpfun generated $257M in revenue in Q1 2025, leading Solana apps.
Protocol generates $1.23M daily revenue, ranking 3rd among Solana DApps.
Trading platform demonstrates superior execution speed and user interface, attracting users from competitor BullX.
Competitor Axiom dominates memecoin trading bot market with 57% share, surpassing established players.
Major Solana trading bot platforms, including the project, control 25.6% market share with $5.79B combined volume over past two months.
$EDGE airdrop for 124K+ addresses closes May 1st 6pm PT, including eligible traders from multiple major DeFi protocols.
Trading activity now qualifies for Raydium's $135k RAY reward pool through LaunchLab partnership.
Users qualify for share of 50,000 RAY tokens ($135k) reward pool through LaunchLab integration.
Weekly trading volume reaches $40M, ranking second among Solana trading bots.
Positioned as benchmark competitor in full-stack trading platform sector, indicating market prominence.
New upgrade reduces RPC costs by $50-$100k and improves chain entry/exit speed
Trading dashboard now automatically tracks top 10 holders and KOL wallet movements with custom indicators.
$EDGE airdrop worth $6M claimed by traders across 9 protocols; 124K+ addresses eligible until May 1.
New update enables instant swaps across 6 chains and adds BNB chain integration.
New cross-chain bridge launches with deBridge Finance, enabling instant swaps across 6 chains including new BNB integration.
New BNB and SOL/USDT trading pairs launched, expanding market accessibility.
Trading volume over $100K on protocol between Sept 2024-Feb 2025 qualifies for DefinitiveFi $EDGE airdrop.
Trading metrics indicate potential wash trading activity with $1000 daily volume and 120-second average holding duration.
Promised airdrop appears to be fraudulent, being used to collect trading fees without intended distribution.
Commands 20.4% market share of Solana trading bot volume, ranking second behind Axiom.
Delayed TGE implementation and absence of early supporter benefits leading to user attrition.
100,000 whitelisted addresses eligible for DefinitiveFi airdrop starting tomorrow.
Implemented wallet tracker in beta. Platform for memecoin trading on Solana, operating for over 12 months with highest referral volumes.
Andrew Tate promoting referral links on livestream to 150k+ viewers on Nov 21.