Solana Platform Showdown: The Rise of the Hidden Winner

A fierce platform battle is unfolding in the Solana ecosystem. While it may seem noisy on the surface, several participants are quietly becoming the hidden winners of this battle. They do not compete for narrative dominance and do not bet on a single token; instead, they focus on providing infrastructure and services for the entire ecosystem. This article will delve into the three platforms Metaplex, Raydium, and Axiom, revealing how they are confidently securing victory in this grand battle.

Raydium: Success of a Diversified Strategy

Raydium has adopted a multi-pronged strategy to respond to market changes. In addition to launching its own token launch platform LaunchLab, it has also supported the launch of several similar platforms through SDK collaborations. This strategy has greatly enhanced Raydium's competitiveness in the Solana launch platform market.

Data shows that on a certain day, the total number of tokens created on the Solana Launchpad exceeded 32,000, of which nearly 58.3% came from the LaunchLab SDK. Notably, one of the partner platforms created over 18,000 tokens that day, accounting for 97.5% of the total from the LaunchLab SDK, and the "graduation rate" of these tokens was close to 98.3%.

From a market capitalization perspective, although the LaunchLab SDK accounts for a relatively small proportion of the total market cap, its growth rate is remarkable. In the past month, the market capitalization of tokens on the LaunchLab SDK has increased by approximately 353.2%.

In terms of trading volume, the LaunchLab SDK performed even better. On one day's statistics, transactions conducted through the LaunchLab SDK accounted for 65.2% of the total trading volume. This data fully reflects the success of Raydium's strategy.

In terms of revenue, the LaunchLab SDK also performed excellently, contributing 72% of the total daily earnings. This not only proves the effectiveness of the Raydium strategy but also provides strong financial support for its future development.

Metaplex: Robust Growth of Infrastructure Providers

As the core open-source protocol of the Solana ecosystem, Metaplex provides developers, creators, and businesses with the tools and standards needed to build decentralized applications. To date, Metaplex has facilitated the creation of over 900 million on-chain assets.

In this platform battle, Metaplex has benefited greatly as an infrastructure provider from the token creation boom. According to official disclosures, the main source of income in the first half of this year came from new assets created through its protocol, covering multiple well-known platforms.

As of July 10, data shows that Metaplex's cumulative revenue has reached $35.82 million, earning approximately $13.57 million in just the first half of this year. In June alone, over 1 million tokens were created through Metaplex, bringing in about $1.7 million in revenue for the protocol.

Metaplex's business model ensures that it can collect a certain percentage of protocol fees from all newly created tokens and NFTs. This model not only brings a stable revenue stream to Metaplex but also supports the value of its native token through a buyback mechanism.

Axiom: The Rise of Trading Automation Tools

In this platform battle, trading automation tools represented by Axiom are gradually becoming the invisible winners. These tools not only optimize the user trading experience but also become the core competitive point for various launch platforms in the competition for traffic and users.

Data shows that Axiom has long been a dominant player in the trading automation and bot tools platform. On a particular day, Axiom accounted for 69.6% of the total trading volume, demonstrating strong market penetration.

Axiom has established deep partnerships with multiple launch platforms, becoming an important traffic entry point. On certain platforms, Axiom's trading volume accounts for over 60%, significantly enhancing the trading activity of these platforms.

From the perspective of the entire Solana ecosystem, Axiom's influence is equally significant. On a certain day's statistics, Axiom's trading volume accounted for 72% of the total trading volume, with the average transaction amount far exceeding that of its competitors. At the same time, Axiom's number of active users and market share are also in a leading position.

In terms of revenue, Axiom has demonstrated strong profitability. Since its launch in January this year, Axiom's cumulative revenue has surpassed $160 million, with an average daily revenue of about $1.7 million. Meanwhile, its number of active users is close to 287,000, fully reflecting the product's market recognition and growth potential.

Overall, in this battle on the Solana platform, Metaplex, Raydium, and Axiom have established leading positions in different areas thanks to their respective advantages. Their success is not only reflected in the data but more importantly demonstrates how to achieve sustainable development by providing core value in the rapidly changing cryptocurrency market. The experiences of these platforms undoubtedly provide valuable insights for the entire industry.