The Hidden Winners of the Solana Ecosystem: The Success Paths of Metaplex, Raydium, and Axiom

Despite the recent controversy surrounding token issuance activities on Solana, related PVP games continue to be played. Behind this clamor, some low-profile participants are quietly rising. They do not compete for hot topics or speculate on coin prices, but focus on building infrastructure to power the entire ecosystem and quietly profit from the traffic. This article will analyze the data of Metaplex, Raydium, and Axiom in depth, revealing how they have become steady behind-the-scenes winners in the Solana launch platform battle.

Raydium: SDK strategies significantly enhance competitiveness

Raydium quickly responds to market changes by launching its own token launch platform, LaunchLab, and also introduces multiple similar platforms through SDK partnerships, including LetsBONK.fun, cook.meme, daoszn.fun, and leftcurve.ai. This SDK strategy has significantly enhanced the competitiveness of Raydium LaunchLab in the Solana launch platform, particularly with the explosive growth of LetsBONK, which has become a key driving force.

According to data statistics, nearly 60% of the tokens created on the Solana Launchpad come from the LaunchLab SDK. Among them, LetsBONK's contribution is particularly outstanding, accounting for the vast majority of tokens created by the LaunchLab SDK, with a graduation rate close to 100%.

In terms of market capitalization, although the proportion of LaunchLab SDK is relatively small, its growth rate is astonishing, having increased by over 350% in the past month. In terms of trading volume, LaunchLab SDK contributed to more than 65% of the total trading volume of the Solana Launchpad, with the vast majority coming from LetsBONK.

In terms of revenue, the LaunchLab SDK accounts for over 70% of the total revenue on the Solana Launchpad, with LetsBONK making the most significant contribution. It is worth noting that Raydium LaunchLab will use 25% of the transaction fees to buy back its native token RAY, a mechanism that helps enhance the value of RAY.

Metaplex: One of the biggest beneficiaries of the minting craze

As a core open-source protocol on Solana, Metaplex provides developers, creators, and businesses with a complete set of tools and standards for building decentralized applications, having facilitated the creation of over 900 million on-chain assets to date. During the launch platform competition on Solana, Metaplex has become a major beneficiary of the minting frenzy.

In the first half of this year, Metaplex's main source of revenue came from new assets created through its protocol. Multiple well-known platforms, such as a certain trading platform, a certain DEX, and a certain Studio, have all used the Metaplex standard to create tokens. Data shows that by early July, Metaplex's total revenue had exceeded $35 million, earning approximately $13.57 million in just the first half of this year.

Metaplex will charge a certain percentage of protocol fees from all newly created tokens and NFTs, of which 50% will be used to buy back $MPLX and inject it into the Metaplex DAO. In the first half of this year, Metaplex has repurchased a total of 38.5 million $MPLX tokens, accounting for 3.9% of the total supply, and there will be no further token unlock plans in the future.

Axiom: The Leader in Trading Bots

In the competitive landscape of the Launchpad market, trading robots represented by Axiom are gradually becoming the invisible winners. These efficient user entry points not only optimize the trading experience but also become the core competitive points for various launch platforms in their quest for traffic and users.

Data shows that Axiom has long been at the top of the trading automation and bot tools platform, contributing nearly 70% of the trading volume. Axiom has deeply integrated with multiple launch platforms, becoming an important traffic entry point. On several major launch platforms, Axiom's trading volume accounts for more than 60%, greatly driving the trading activity of various launch platforms.

Based on the usage of trading bots on the Solana chain, Axiom's market share is close to 50%, with active users exceeding 17,000 and the average transaction amount far surpassing its competitors. In terms of revenue, Axiom has accumulated over $160 million since its launch in January this year, with an average daily income of about $1.7 million and active users nearing 287,000, reflecting the market recognition of its product and user growth potential.

In summary, during the development of the Solana ecosystem, Metaplex, Raydium, and Axiom have become invisible beneficiaries of this wave of growth through their unique advantages. They not only provide important infrastructure and services for the ecosystem but also achieve robust growth in a highly competitive market through precise market positioning and efficient operational strategies. As the Solana ecosystem continues to develop, the importance of these behind-the-scenes players may become even more pronounced, warranting ongoing attention from market participants.