What every major memecoin trading app charges

On published rates as of 31 August 2026: Axiom charges a tiered 0.75%–0.95% with 0.05%–0.25% SOL cashback, Moonshot charges about 2.5% under $250 per trade and 1% above with a roughly $0.99 minimum, and Photon has historically charged about 1%. On a $100 trade the spread between them is wide. On a $10,000 trade it nearly vanishes.

That inversion is the point of this article, and it changes what you should be optimising.

The published rates

Every rate below is one the platform has published, dated to when we could verify it. Rates here change without announcement, which is why this page carries a monthly review cadence.

We have left fomo's headline rate blank rather than guess it. That is a gap, and the honest way to present a gap is to mark it.

One structural note fee tables usually omit: most of these platforms are extraction-only, with fees accruing to the operator. Trojan and Banana Gun are reported to be the two majors that revenue-share with token holders — that report rests on a single May 2026 press-release source and we could not independently confirm it.

The arithmetic on a $100 trade

Take the published rates at face value. Platform fee only, ignoring network costs and price impact for now.

The dearest published rate costs 2.6 times the cheapest at this size. Cashback widens the gap: at the Wood tier with 0.25% back, the net is roughly 0.70% — about 3.6 times cheaper than Moonshot on the same trade.

Go smaller and Moonshot's minimum takes over completely. On a $25 trade, 2.5% would be $0.63, so the roughly $0.99 minimum applies instead — an effective rate of about 3.96%. A percentage-fee platform charging 0.95% on the same $25 takes $0.24. The minimum is not a rounding detail at small size; it is the dominant term.

The arithmetic on a $10,000 trade

Now run the same rates at a hundred times the size.

The ranking has not reversed, but the spread has collapsed. At $100 the gap between the cheapest and dearest was 2.6×. At $10,000 it is 1.05× against Axiom's base tier and 1.33× against its best tier. Moonshot goes from the clear outlier to within five dollars of the field.

That is the first half of the inversion, and it is entirely a product of Moonshot's tier boundary at $250 and its fixed minimum. A schedule with a floor and a step behaves nothing like a flat percentage, and comparing headline rates hides it.

The second half of the inversion: what actually dominates the cost

Here is the part that matters more. At $10,000, a $25 difference in platform fee — the entire spread between the cheapest and dearest options above — is smaller than what a quarter of one percent of price impact costs you on that trade.

Every memecoin trade is made of four things: the platform fee, the pool's LP fee, the network fee and price impact. The network fee is roughly flat in dollar terms whatever you trade, which is why it can be the largest line on a tiny trade and irrelevant on a large one. We are not printing a figure for it — network costs move constantly and a hardcoded number is stale before you read it, so read the live estimate in your quote. Price impact runs the other way: it grows non-linearly with order size relative to pool depth, so on a thin pair a $10,000 order can move the price several percent while a $100 order barely registers.

So the ranking inverts in the sense that matters. On a $100 trade, the fee schedule is essentially the whole cost and you should optimise it hard — a 2.5% platform fee is genuinely expensive and the flat minimum on very small trades is worse. On a $10,000 trade the fee schedule is a rounding error and the thing to optimise is execution: pool depth, routing across venues, and a slippage tolerance tight enough to reject a bad fill. A platform that charges 0.2 percentage points more but routes you into a deeper fill is cheaper in the only currency that counts.

Slippage tolerance is the variable most traders set once and forget, and it is worth more than any fee difference at size — see what slippage is and how much you should set. The full breakdown of every component in a trade is in how much it costs to buy a memecoin, and you can run your own numbers with our memecoin trade cost calculator.

What this comparison does not tell you

These are published rates, presented as published. We have not executed identical trades across all five platforms and measured what actually landed, and neither has any independent party we can cite. Realised cost can differ from the schedule through routing quality, priority fee handling, failed transactions you still paid for, and how each platform treats cashback in practice. It does not price fomo, for the reason given above.

It also does not weigh anything other than cost. Fees are one axis, platform conduct another: in February 2026 CoinDesk reported ZachXBT's allegation that a senior Axiom business development employee used internal dashboards to access user data including linked wallet addresses. Axiom said it was shocked and disappointed, confirmed that a team member abused internal customer-support tools, and committed to revoking access. ZachXBT conceded that without internal logs, high-confidence insider-trading examples could not be established from on-chain data alone. That is not a fee question, but it belongs in a decision about where to trade — the fuller picture is in the major memecoin trading terminals compared.

Which should you use

Small trades, under a few hundred dollars: optimise the fee schedule, because it is most of your cost. The lowest published percentage with no minimum wins here, and platforms with a fixed floor are the ones to avoid at this size.

Very small trades, tens of dollars: watch fixed minimums above all else. A roughly $0.99 floor on a $25 trade is an effective rate near 4%, and no routing advantage recovers that.

Trades in the low thousands: the fee schedule and execution quality matter roughly equally. Compare quotes rather than rate cards.

Trades at $10,000 and above: stop optimising the fee schedule. The spread between the cheapest and dearest published rate is around 1.05× at this size, while a single percentage point of price impact on a thin pair costs a hundred dollars. Optimise depth, routing and slippage.

If you trade high volume on Solana: Axiom's tiering plus cashback is the most favourable published structure we can verify, at 0.75% with up to 0.25% back at the top tier. Weigh that against the February 2026 disclosure above rather than in isolation.

If you trade across several chains: the Solana-only platforms drop out regardless of rate, which is a coverage decision rather than a pricing one.

Frequently asked questions

What are Axiom's fees?

As of the June 2026 rate schedule, Axiom charges a tiered fee from 0.95% at the Wood tier down to 0.75% at Champion, with 0.05%–0.25% returned as SOL cashback. Roughly 40% of the platform's fees flow back out as cashback and referrals. Spot trading is Solana-only; perpetuals run through a Hyperliquid integration.

Is Moonshot expensive?

At small size, yes. Around 2.5% on trades under $250 plus a roughly $0.99 minimum makes it the dearest published schedule here on a $100 trade and much worse on a $25 one. Above $250 it drops to 1%, which puts it level with the flat-rate platforms and within about 5% of Axiom's base rate on a $10,000 trade.

Is BullX still operating?

Treat it as unconfirmed. BullX announced a trading pause via Discord from 1 June 2026, with airdrop points stranded, and it does not appear in DefiLlama's trading-app fee table or in 2026 coverage. Its historical rate was 1% per transaction on roughly $203M of cumulative lifetime fees since April 2024. Do not assume it is currently live.

Why do fee comparisons disagree with each other?

Because the schedules have steps, minimums and rebates, and most comparisons quote one headline number. A platform can be dearest at $100 and mid-field at $10,000 without changing anything. Comparisons also go stale quickly: rates in this category change without announcement, which is why every figure here carries the date we verified it.

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Fees are the cost you can see

A fee schedule is the one part of a memecoin trade that is knowable in advance. Whether the pool you are trading into stays there is not — unless someone locked it. Team Finance — built by TrustSwap, which also builds Meme Central — locks LP tokens for a fixed term on Ethereum, Robinhood Chain, Polygon, Base and BNB, and the lock shows as a verified badge on that token's page in the Meme Central feed of new launches. It is a fact about the liquidity pool and nothing more: it does not stop a creator selling their own allocation, and it will not make a 2.5% fee on a small trade any cheaper.

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Nothing here is financial, legal or tax advice. Memecoins are extremely high-risk: most lose most of their value, and the majority of tokens launched never reach a decentralised exchange at all. Never spend money you cannot afford to lose entirely. Meme Central does not recommend any specific token. Data described as Meme Central's own reflects tokens indexed by Meme Central and is not whole-market data.