A growing portion of launchpad volume is being routed from trading platforms, accounting for up to 59% of all launchpad volume. Approximately 10% of all Solana volume originates from trading apps, including Axiom, Photon, Trojan, and Phantom, among others. These apps focus on the newest tokens and pools. Approximately 80% of trading platform volume originates from pools that are less than one day old. Among the major platforms themselves, all are closely correlated with one another in terms of the types of tokens that drive fees to them. For example, at the end of May, most of these apps had 80-95% of their fees coming from the trading of @pumpdotfun tokens. Presently, this is down to 20-40% as @bonk_fun has become a significant driver. New Solana trading platform dashboard imminent.