Brutal. Except for Axiom, all other Solana meme trading platforms have daily fees of less than $100,000, which translates to a daily trading volume of less than $10 million. Gotta say, Axiom is truly strong. No matter the market conditions, it still holds over 60% market share steadily, with daily revenue remaining at $700,000–$1 million. Since being acquired by Pump Fun, Padre has become the second-largest meme trading platform. However, its daily trading volume has barely grown compared to the month before the acquisition, even though its market share has increased from less than 5% to over 8%. Among last year’s Q4 shining stars—the big three Photon, BullX, and GMGN—GMGN and Photon are battling for the third spot. But lately, Photon is getting overshadowed by GMGN. As for BullX, it’s almost invisible now, with a market share of less than 1%. Their official Twitter hasn’t been active for half a year.