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$100M a Day From Two Engineers: The Rust Bot That Captured 73% of Solana

By Priya Nair•

The Engine Room: Rust on the Critical Path

Axiom Trade processes $100 million in daily volume across Solana, Base, BNB Chain, and Robinhood Chain on a Rust codebase that runs entirely on the critical path — no garbage-collected runtime between the order and the chain, jobs.ashbyhq.com's data shows. Founders Preston Ellis and Henry Zhang launched from Y Combinator's W25 batch in 2024; their job postings call ten milliseconds "a product difference," an engineering constraint that shapes every architectural decision.

Rust powers four core systems: real-time chain indexers for Solana and EVM networks, per-chain search engines, an image and metadata pipeline, and WebSocket sockets that push data to thousands of concurrent clients. The async codebase, built on Tokio, spans over 100,000 lines. Dashmap, arc-swap, and lock-free structures manage concurrent in-memory state, keeping reads off the database entirely.

The indexing layer ingests blockchain data through gRPC, Geyser, and Kafka/Redpanda streams, processing blocks as they arrive instead of polling. Solana's 400-millisecond blocks and Base's sub-second Flashblocks leave no room for batch architectures. Axiom's engineers profile every shipment, including flamegraphs, allocation pressure, and tail latency, and defend the numbers in production.

Data storage follows a fit-for-purpose model: Postgres for durability, Redis for hot state, Kafka for event streaming, ClickHouse for analytics. The team must recognize when each is the wrong tool. The Rust and TypeScript halves maintain exact wire agreement, a hard contract given WebSocket fanout bursting to thousands of concurrent clients.

This architecture underpins the multi-chain expansion that follows. The foundation existed before Axiom added Base, BNB Chain, or Robinhood Chain. The same indexing, search, and delivery primitives that power Solana memecoin trading now serve EVM ecosystems with minimal duplication, as the Rust services were built chain-agnostic from day one.

From Solana to Base: One Terminal, Every Chain

Axiom launched as a Solana specialist. The platform holds roughly 73% market share for Solana trading overall and 57% in memecoin trading, per Medium and The CC Press. In April 2025 it printed $101 million in a single day's volume, capturing 30% to 72% of all Solana meme trading. That foothold let the team pursue their Y Combinator thesis: traders shouldn't need a different app for every chain. Fragmentation (too many protocols and chains) forced users to manage separate accounts, wallets, and interfaces. A single terminal abstracts the infrastructure while preserving speed.

The first major expansion targeted Base, Coinbase's Ethereum layer-2. Announced in September 2026, the integration launched with the full Axiom toolkit, including Pulse launch feed, wallet tracking, Callouts, and rewards, active from day one. Pulse tracks new token deployments from Base's four dominant social launchpads (Clanker, Zora, Bankr, Flaunch) from the first block. That coverage matters: Base's token culture runs through Farcaster and distributed social channels, not a single launchpad site. Axiom's screener aggregates all four into one view. The same feed surfaces tokenized stock listings from o1.exchange, which began trading 13 equities (including Nvidia, Apple, Meta, Amazon, Microsoft, Tesla) on Base starting August 24, 2026, using the B20 token standard. Access stays restricted to accredited investors outside the US, but the discovery layer is unified.

Execution speed on Base relies on Flashblocks, a Base-native feature built with Flashbots and live since July 2025. Standard Base blocks take two seconds. Flashblocks streams partial updates every 200 milliseconds, each carrying transactions the builder has committed. Axiom's sub-second buy confirmations flow directly from that infrastructure. The terminal merges pricing and volume across Aerodrome (roughly half of Base DEX volume), Uniswap V2 through V4, and PancakeSwap into one chart, eliminating three separate interfaces.

The chain list has grown. Documented support now covers Solana, BNB Chain, Robinhood Chain, and Base, with each addition bringing the same core toolkit. A recent review counted eight chains, adding Arc, Ink, Hyper EVM, and Ethereum mainnet, signaling accelerating integration. The fee model stays consistent: 1% base fee on spot swaps with volume-based SOL cashback. Fiat onramp runs through a Coinbase partnership allowing $500 weekly. Yield seekers access Marginfi integration for roughly 15% APY, variable with market conditions.

The platform stays web-based, installable as a Progressive Web App. No native iOS or Android app exists as of September 2026; the team warns that any app-store listing claiming to be Axiom is malicious. Competitors have noticed: GMGN, Pump's trading terminal, and others now offer similar multi-chain "trenches" views, each with small differentiators. Axiom bets that a unified abstraction layer — one terminal, one fee structure, one rewards system, one wallet tracker across every chain — compounds stickiness faster than feature parity erodes it.

AI at the Speed of Trade

Axiom has expanded into AI-powered trading tools under the same brand. Three products, Axiom Trader AI (axiomtraderai.com), Axiom AutoTrade (axiomautotrade.com), and Axiom Signals (axiomsignals.io), run on Anthropic's Claude and live data from Binance and Finnhub. Together they cover 35 markets: 16 crypto pairs, 10 stocks, 4 ETFs, and 5 forex pairs. Crypto prices stream via WebSocket; equities update every few seconds during market hours.

The Analyst That Never Sleeps

The AI Trading Analyst takes natural-language queries and returns probability scores, entry zones, stop losses, and risk-reward ratios. Pattern detection runs automatically across timeframes, flagging bull flags, cup-and-handle formations, break-and-retest setups, and rising wedges with confidence scores and real-time R:R calculations. A live terminal snapshot showed four active patterns: a bull flag on BTC/USD (4H, 2.8x R:R, 78% confidence), a break-and-retest on NVDA (1D, 3.2x, 84%), a bearish rising wedge on ETH/USD (1H, 2.1x, 71%), and a cup-and-handle on AAPL (1D, 4.0x, 86%).

Risk Tools and Behavioral Guardrails

A risk calculator converts account size, risk percentage, entry, and stop into exact position size, maximum loss, and R:R. Paper trading lets users practice with $10,000 virtual capital against real prices; stops and take-profits trigger automatically. The AI Behavioral Coach logs every trade with emotion and strategy tags, then analyzes patterns. Its signature insight: "You lose 71% of trades after three consecutive losses. Take a mandatory break after a losing streak."

The coach doesn't just show you charts — it shows you your own mistakes.

Tiered Access

Plan Monthly AI Messages Key Features
Free $0 10/day 35 live markets, candlesticks, risk calculator, pattern detection, 3 price alerts
Pro $19 Unlimited All stock/ETF data, unlimited alerts, trade journal, behavioral coaching, priority support
Elite $49 Unlimited AI portfolio analysis, weekly reports, custom trading persona, correlation scanner, CSV export, Discord access

AutoTrade and Signals: Execution and Intelligence

Axiom AutoTrade scans the US market continuously, delivers stock picks with attached stops, and lets users approve each trade with a swipe in their Alpaca brokerage account; paper trading is free. Axiom Signals analyzes market conditions, individual tickers, historical outcomes, and conflicting evidence, then publishes the reasoning behind every signal. A TradingView version, Market Axiom, offers a free "LITE" indicator that reads each ticker's "personality" and auto-selects strategies across asset classes.

Measured Adoption

The terminal reports 6,600+ site visits and users in 10+ countries. Testimonials claim the risk calculator prevented a 20% account drawdown, paper trading improved risk management, and the AI's BTC setup analysis outperformed paid alternatives. Whether those results generalize is unproven, but the feature density suggests Axiom is betting retail traders will pay for an analyst that never sleeps, never tilts, and never charges by the hour.

What Axiom's Hiring Reveals About Frontier Engineering

A two-person founding team processing $100M in daily volume does not scale by accident. Job postings on Zero G Talent reveal a hiring bar calibrated to the infrastructure problems described earlier: sub-second execution across four chains; real-time indexing that keeps reads off the database; async Rust services that absorb constant write load without tipping over.

The board shows six salaried engineering roles, all in Austin, all banded at $320K–$465K (median $465K). Roles include Frontend Engineer, Systems Engineer, Rust Engineer, Backend Engineer, Full Stack Engineer, and a Founding Engineer slot at $150K–$500K. Five of six were posted in the past week. The company page lists the founders: W25 Y Combinator, founded 2024, team size two at the YC snapshot.

The postings read like a spec sheet for the architecture: "Build and operate the low-latency APIs, indexers, and real-time pipelines behind the product. Own latency, throughput, and correctness for systems under constant write load." "Write async Rust with tokio, and the concurrent in-memory state that avoids database reads. Push Postgres, Redis, Kafka, and ClickHouse hard, and recognize the wrong tool for each." That last line — know when the tool is wrong — is the hiring signal. Axiom isn't looking for framework assemblers. It needs engineers who have felt a hot path melt under memecoin launch traffic and know which database to bypass.

The compensation reflects that scarcity. $320K–$465K in Austin sits well above typical Series A crypto bands and overlaps with high-frequency trading firms. The median $465K matches the top of the posted range. For a pre-Series A team with no outside raise beyond the standard YC deal, that price tag signals revenue to fund it ("mid 8 figure ARR annualized" Y Combinator's figures put it) and zero tolerance for hiring misses.

Culture language on the careers page is sparse but deliberate: "small, fast-growing team based in Austin, with high ownership, urgency, and an obsession with exceptional products." No perks listed. No mission fluff. The product is the mission: millions of users, $100M+ daily volume, multi-chain expansion that added Base in September 2026 with sub-second Flashblocks confirmations. The Founding Engineer role exists because the next hires will ship features that become the product's next moat.

Frontier engineering in 2026 bottlenecks on talent, not capital. The market needs engineers who can hold the full stack (from Tokio runtime tuning through ClickHouse schema design to the TypeScript layer traders touch) and ship it without a platform team to catch them. Axiom's hiring spree prices that skill set.

Competitors React: Exchanges Absorb the Bot Layer

Axiom's grip on the Solana trading bot market is measurable. As previously noted, those figures include the dominant market position and record single-day volume cited earlier. That dominance forced a response from the largest exchange on the planet.

Binance counters with deep SOL/USDT and SOL/USDC liquidity, native SPL deposits and withdrawals, staking, and Binance Earn products. Its feature set spans seven core capabilities against Axiom's eight. Both report 100% uptime over the last 30 days. Axiom charges a 1% base fee with tiered SOL cashback dropping to 0.6% for top users. Binance runs a 0.1% spot fee that falls further with BNB holdings, and futures fees starting at 0.02% maker / 0.04% taker. The fee gap is real, but the products serve different workflows: Axiom is a purpose-built terminal for on-chain speed; Binance is a full-suite exchange with on-ramp, custody, and yield products attached.

Binance's 4.3/5 overall rating on MadeOnSol reflects its liquidity depth, which makes it the default venue for grid and arbitrage strategies, while Axiom's sub-second execution and Pulse launch feed target the memecoin sniper.

The exchange-native bot wave extends beyond Binance. OKX, Bitget, Bybit, KuCoin, and Gate all ship grid, DCA, and rebalancing bots at no extra charge, built into their interfaces. Industry estimates put automated volume at roughly 65% of all crypto trading. The bot market is projected to grow from $54 billion in 2026 to over $200 billion by 2035. Exchanges are not ceding the automation layer to third-party terminals — they are absorbing it.

That pressure shows in the rankings. Fomo recently displaced Axiom as Solana's top trading terminal, climbing from 17% market share to the lead, per CryptoBriefing via SolanaCompass. Independent testing of 14 bots in 2026 ranked Trojan first across copy trading, sniping, fees, security, and reliability. Axiom still wins on raw execution speed and professional-grade tooling, but the competitive moat is narrowing.

Axiom's response is visible in its hiring. Six engineering roles in Austin, each banded at $320K–$465K, with five added in the past week. That salary tier matches high-frequency trading firms, not typical crypto startups, and signals that Axiom treats low-latency infrastructure as its defensible edge.

The profitability-without-token model — no governance token diluting founder returns — also stands out in a sector where token issuance is the default exit. Binance and the exchange cohort have no such constraint; they cross-subsidize bots with exchange revenue. The battle is now over who owns the trader's home screen: a specialized terminal that indexes every new launch in the first block, or an exchange that already holds the user's fiat, keys, and yield products.

The Insider Access Problem

On February 26, 2026, on-chain investigator ZachXBT published a ten-post investigation alleging that an Axiom employee spent roughly ten months using an internal customer-support dashboard to watch user wallets, compile prominent traders' private addresses, and trade ahead of them. The platform, founded in 2024 by the founders as a Y Combinator Winter 2025 company, had by late 2025 become the third-most-profitable business in DeFi, generating more than $390 million in revenue per ZachXBT. The alleged abuse began shortly after launch. Dashboard screenshots from April and August 2025 appeared in the investigation. A February 2026 recording captured the employee discussing a $200,000 plan and researching wallets gradually. Front-running profits reached the low six figures.

The internal tool, described as "god mode," let staff look up any user by referral code, wallet address, or UID and see wallet addresses, tracked-wallet lists, full transaction history, nicknames, and linked accounts in real time. The investigation reported the tool sat with business-development staff, lookups were not logged, and nothing gated a lookup behind approval. ZachXBT claimed "little to no monitoring or access controls" prevented misuse. The employee, identified as Broox Bauer, allegedly used internal tools to map private wallets linked to high-value traders and influencers and monitor early token accumulation. The information was shared in a private group seeking to mirror or front-run trades before public promotion. During a call, Bauer laid out ground rules: no Discord messages alluding to the scheme, and he would get them "what they need" if they sent identifying information.

Axiom confirmed the abuse the same day. "We are surprised and disappointed to hear that someone on our team abused internal customer support tools to look up user wallets," the company said. "We have removed access to these tools and will continue to investigate and hold the offending parties responsible. This does not represent us as a team; we have always tried to put the user first. We'll share updates on Twitter as we learn more." The team initiated an internal investigation and removed access to the tools.

As of August 2026, the matter remains unresolved. No criminal charges filed. No reported firings, lawsuits, or user compensation on the public record. Axiom said it would continue investigating; no outcome published. Coin Bureau's June 9, 2026 review (three months after the story broke) still listed the incident as a standing concern. ZachXBT hinted the evidence might fit a legal case in the Southern District of New York, where the employee is reportedly based. "Whether or not criminal charges are filed, I hope the Axiom co-founders further investigate the abuse and consider taking legal action against the employees involved," he said.

The episode reignited industry concerns about insider access risk at crypto firms, particularly where internal tooling provides granular user-level blockchain intelligence. It underscores persistent governance vulnerabilities as global regulatory frameworks remain uneven. Even unproven rumors move markets: two Polymarket traders staked roughly $60,000 and $65,800 on a ZachXBT reveal hours before publication, netting around $109,000 and $411,000. One Axiom employee confidently denounced the firm's potential involvement, then apologized. Another, "Devin," claimed a $20,000 loss trading the prediction market on their own employer.

The lesson generalizes past Axiom: you have no way to audit what a trading terminal's staff can see about your activity, at any terminal, and the interface will not tell you.

If your strategy depends on wallet activity going unobserved, that exposure exists everywhere, not just on this platform. Axiom's multi-wallet feature lets users run many addresses and hot-switch between them, documented partly as an on-chain privacy tool; spreading activity is a reasonable response. But the structural issue remains: trust in the operator is the only control.


The Rust services that index every new token in the first block — the same ones Ellis and Zhang wrote in a two-person Austin apartment — now process $100 million a day across eight chains. The hiring board still shows six open roles. The terminal still has no native app. And the "god mode" dashboard, stripped of its abuser, still sits one permission change away from the next engineer who decides the rules don't apply.


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