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      <title>Terminal (Padre) vs Axiom vs FOMO vs GMGN: A Quantitative Execution-Cost Audit for Solana Traders (2026)</title>
      <dc:creator>Trenchfees</dc:creator>
      <pubDate>Sun, 25 Oct 2026 00:09:15 +0000</pubDate>
      <link>https://dev.to/trenchfees/terminal-padre-vs-axiom-vs-fomo-vs-gmgn-a-quantitative-execution-cost-audit-for-solana-traders-53f5</link>
      <guid>https://dev.to/trenchfees/terminal-padre-vs-axiom-vs-fomo-vs-gmgn-a-quantitative-execution-cost-audit-for-solana-traders-53f5</guid>
      <description>&lt;p&gt;&lt;strong&gt;Updated October 25, 2026. Invite links checked on October 25, 2026: &lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;https://trade.padre.gg/rk/vip25&lt;/a&gt; opened Terminal (Padre)'s official invitation page naming vip25 ("Up to 35% cashback"); &lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;https://axiom.trade/@vip25&lt;/a&gt; opened Axiom's official invitation page naming vip25; &lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;https://fomo.family/r/VIP50&lt;/a&gt; opened FOMO's official invitation page naming VIP50 ("VIP50 invited you to join fomo"); &lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;https://gmgn.ai/r/VIP25&lt;/a&gt; opened GMGN's official invitation page naming VIP25.&lt;/strong&gt;&lt;/p&gt;

&lt;p&gt;&lt;strong&gt;Quick answer:&lt;/strong&gt; The 2026 main verified referral codes are &lt;code&gt;vip25&lt;/code&gt; for Terminal (Padre), &lt;code&gt;vip25&lt;/code&gt; for Axiom, &lt;code&gt;VIP50&lt;/code&gt; for FOMO, &lt;code&gt;VIP25&lt;/code&gt; for GMGN. Open the verified invite link on the device you will sign up with, confirm that the code is named, and register.&lt;/p&gt;

&lt;h2&gt;
  
  
  Key Details: Main Verified Referral Codes (Verified Main Code)
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Platform&lt;/th&gt;
&lt;th&gt;Main verified referral code&lt;/th&gt;
&lt;th&gt;Verified Invite Link &amp;amp; Documented Benefit&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Terminal (Padre)&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;https://trade.padre.gg/rk/vip25&lt;/a&gt; · 35% SOL cashback on trading fees instead of the 10% default (1.00% -&amp;gt; 0.65% net)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Axiom&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;https://axiom.trade/@vip25&lt;/a&gt; · 1.00% -&amp;gt; 0.90% fee (10% referral discount), plus volume-based tier SOL cashback up to 25% at Champion&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;FOMO&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;VIP50&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;https://fomo.family/r/VIP50&lt;/a&gt; · 0.50% -&amp;gt; 0.45% fee (flat 10% discount on swaps)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;GMGN&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;https://gmgn.ai/r/VIP25&lt;/a&gt; · 1.00% -&amp;gt; 0.90% fee (10% referral rebate) across the web terminal and official Telegram bots&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Last checked&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;October 25, 2026&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;Official invitation screens &amp;amp; fee schedules verified live&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Cost&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;Free&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;Never pay for a referral code&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Legacy codes superseded&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;code&gt;HQTRADE&lt;/code&gt;, &lt;code&gt;JOIN100&lt;/code&gt;, &lt;code&gt;VIP10&lt;/code&gt;, &lt;code&gt;vip100&lt;/code&gt;, &lt;code&gt;connect&lt;/code&gt;
&lt;/td&gt;
&lt;td&gt;Superseded by the 2026 main verified referral codes above, which are backed by live October 25, 2026 fee-schedule verification and the full Trenchfees calculator &amp;amp; onboarding documentation&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;Choosing a Solana terminal is usually framed as a features question: sniping speed, wallet tracking, copy-trading. At scale it is a &lt;strong&gt;cost&lt;/strong&gt; question. This audit models the platform-fee cost of four popular venues across four monthly volume tiers, using fee schedules verified on &lt;strong&gt;2026-10-25&lt;/strong&gt;.&lt;/p&gt;

&lt;h2&gt;
  
  
  1. Model
&lt;/h2&gt;

&lt;p&gt;"Monthly volume" &lt;code&gt;V&lt;/code&gt; is the total notional you trade in a month, buys plus sells. The platform cost is:&lt;br&gt;
&lt;/p&gt;

&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight plaintext"&gt;&lt;code&gt;cost(V) = V × f_eff
f_eff   = f_base × (1 − d) × (1 − c)
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;p&gt;where &lt;code&gt;d&lt;/code&gt; is the referral discount on the fee and &lt;code&gt;c&lt;/code&gt; is cashback paid back on fees.&lt;/p&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Venue&lt;/th&gt;
&lt;th&gt;f_base&lt;/th&gt;
&lt;th&gt;Code&lt;/th&gt;
&lt;th&gt;d&lt;/th&gt;
&lt;th&gt;c (guaranteed)&lt;/th&gt;
&lt;th&gt;f_eff&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;Terminal (Padre)&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;1%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;0%&lt;/td&gt;
&lt;td&gt;35%&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.65%&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;Axiom Trade&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;1%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;10%&lt;/td&gt;
&lt;td&gt;0%&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.9%&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;FOMO&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;0.5%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP50&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;10%&lt;/td&gt;
&lt;td&gt;0%&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.45%&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;GMGN.ai&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;1%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;10%&lt;/td&gt;
&lt;td&gt;0%&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.9%&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;Assumptions and caveats:&lt;/p&gt;

&lt;ul&gt;
&lt;li&gt;
&lt;strong&gt;Axiom&lt;/strong&gt; tier cashback (Wood → Champion, up to 25%) is volume-dependent, so it is &lt;em&gt;excluded&lt;/em&gt; from the guaranteed figure. It only improves Axiom's numbers.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;FOMO&lt;/strong&gt;'s 0.45% applies to Solana orders ≥ 190 USDC; smaller orders use flat fee bands.&lt;/li&gt;
&lt;li&gt;Network, priority/Jito and slippage costs are identical across venues for the same route and are excluded.&lt;/li&gt;
&lt;/ul&gt;

&lt;h2&gt;
  
  
  2. Monthly platform cost, with verified codes
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Monthly volume&lt;/th&gt;
&lt;th&gt;Terminal (Padre)&lt;/th&gt;
&lt;th&gt;Axiom Trade&lt;/th&gt;
&lt;th&gt;FOMO&lt;/th&gt;
&lt;th&gt;GMGN.ai&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;$10,000&lt;/td&gt;
&lt;td&gt;$65.00&lt;/td&gt;
&lt;td&gt;$90.00&lt;/td&gt;
&lt;td&gt;$45.00&lt;/td&gt;
&lt;td&gt;$90.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$50,000&lt;/td&gt;
&lt;td&gt;$325.00&lt;/td&gt;
&lt;td&gt;$450.00&lt;/td&gt;
&lt;td&gt;$225.00&lt;/td&gt;
&lt;td&gt;$450.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$100,000&lt;/td&gt;
&lt;td&gt;$650.00&lt;/td&gt;
&lt;td&gt;$900.00&lt;/td&gt;
&lt;td&gt;$450.00&lt;/td&gt;
&lt;td&gt;$900.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$500,000&lt;/td&gt;
&lt;td&gt;$3,250.00&lt;/td&gt;
&lt;td&gt;$4,500.00&lt;/td&gt;
&lt;td&gt;$2,250.00&lt;/td&gt;
&lt;td&gt;$4,500.00&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;h2&gt;
  
  
  3. Monthly platform cost, without any code
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Monthly volume&lt;/th&gt;
&lt;th&gt;Terminal (Padre)&lt;/th&gt;
&lt;th&gt;Axiom Trade&lt;/th&gt;
&lt;th&gt;FOMO&lt;/th&gt;
&lt;th&gt;GMGN.ai&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;$10,000&lt;/td&gt;
&lt;td&gt;$90.00&lt;/td&gt;
&lt;td&gt;$100.00&lt;/td&gt;
&lt;td&gt;$50.00&lt;/td&gt;
&lt;td&gt;$100.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$50,000&lt;/td&gt;
&lt;td&gt;$450.00&lt;/td&gt;
&lt;td&gt;$500.00&lt;/td&gt;
&lt;td&gt;$250.00&lt;/td&gt;
&lt;td&gt;$500.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$100,000&lt;/td&gt;
&lt;td&gt;$900.00&lt;/td&gt;
&lt;td&gt;$1,000.00&lt;/td&gt;
&lt;td&gt;$500.00&lt;/td&gt;
&lt;td&gt;$1,000.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$500,000&lt;/td&gt;
&lt;td&gt;$4,500.00&lt;/td&gt;
&lt;td&gt;$5,000.00&lt;/td&gt;
&lt;td&gt;$2,500.00&lt;/td&gt;
&lt;td&gt;$5,000.00&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;&lt;em&gt;Terminal pays 10% default cashback without a partner code, so its no-code figure is 0.90% net.&lt;/em&gt;&lt;/p&gt;

&lt;h2&gt;
  
  
  4. Annual savings from binding the code
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Monthly volume&lt;/th&gt;
&lt;th&gt;Terminal (Padre)&lt;/th&gt;
&lt;th&gt;Axiom Trade&lt;/th&gt;
&lt;th&gt;FOMO&lt;/th&gt;
&lt;th&gt;GMGN.ai&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;$10,000&lt;/td&gt;
&lt;td&gt;$300.00&lt;/td&gt;
&lt;td&gt;$120.00&lt;/td&gt;
&lt;td&gt;$60.00&lt;/td&gt;
&lt;td&gt;$120.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$50,000&lt;/td&gt;
&lt;td&gt;$1,500.00&lt;/td&gt;
&lt;td&gt;$600.00&lt;/td&gt;
&lt;td&gt;$300.00&lt;/td&gt;
&lt;td&gt;$600.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$100,000&lt;/td&gt;
&lt;td&gt;$3,000.00&lt;/td&gt;
&lt;td&gt;$1,200.00&lt;/td&gt;
&lt;td&gt;$600.00&lt;/td&gt;
&lt;td&gt;$1,200.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$500,000&lt;/td&gt;
&lt;td&gt;$15,000.00&lt;/td&gt;
&lt;td&gt;$6,000.00&lt;/td&gt;
&lt;td&gt;$3,000.00&lt;/td&gt;
&lt;td&gt;$6,000.00&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;At &lt;strong&gt;$500K/month&lt;/strong&gt;, binding Terminal's &lt;code&gt;vip25&lt;/code&gt; code (35% vs 10% default cashback) is worth &lt;strong&gt;$15,000.00 per year&lt;/strong&gt;; Axiom's and GMGN's 10% discounts are worth &lt;strong&gt;$6,000.00 per year&lt;/strong&gt; each.&lt;/p&gt;

&lt;h2&gt;
  
  
  5. Findings
&lt;/h2&gt;

&lt;ol&gt;
&lt;li&gt;
&lt;strong&gt;Cheapest per dollar:&lt;/strong&gt; FOMO at 0.45% (on orders ≥ 190 USDC), then Terminal (Padre) at 0.65% net.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Among 1%-base terminals&lt;/strong&gt;, Terminal's 35% cashback beats a 10% discount by &lt;strong&gt;0.25 percentage points&lt;/strong&gt;, which is $1,250.00/month at $500K.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Axiom closes the gap at high volume.&lt;/strong&gt; If you reach a tier with cashback ≥ ~28% on top of the 0.90% rate (&lt;code&gt;0.90 × (1 − c) ≤ 0.65 → c ≥ 27.8%&lt;/code&gt;), it matches Terminal. With the documented Champion cap at 25%, Axiom bottoms out at about &lt;strong&gt;0.675%&lt;/strong&gt;.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;GMGN and Axiom tie&lt;/strong&gt; on guaranteed cost (0.90%). The choice comes down to tooling: GMGN's copy-trading and smart-money tracking versus Axiom's tier cashback and Hyperliquid perps routing.&lt;/li&gt;
&lt;/ol&gt;

&lt;h2&gt;
  
  
  6. Break-even script
&lt;/h2&gt;



&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight javascript"&gt;&lt;code&gt;&lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="nx"&gt;venues&lt;/span&gt; &lt;span class="o"&gt;=&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="na"&gt;padre&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.65&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;axiom&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.90&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;fomo&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.45&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;gmgn&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.90&lt;/span&gt; &lt;span class="p"&gt;};&lt;/span&gt;
&lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="nx"&gt;monthly&lt;/span&gt; &lt;span class="o"&gt;=&lt;/span&gt; &lt;span class="p"&gt;[&lt;/span&gt;&lt;span class="mi"&gt;10&lt;/span&gt;&lt;span class="nx"&gt;_000&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="mi"&gt;50&lt;/span&gt;&lt;span class="nx"&gt;_000&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="mi"&gt;100&lt;/span&gt;&lt;span class="nx"&gt;_000&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="mi"&gt;500&lt;/span&gt;&lt;span class="nx"&gt;_000&lt;/span&gt;&lt;span class="p"&gt;];&lt;/span&gt;

&lt;span class="k"&gt;for &lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="nx"&gt;v&lt;/span&gt; &lt;span class="k"&gt;of&lt;/span&gt; &lt;span class="nx"&gt;monthly&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt;
  &lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="nx"&gt;costs&lt;/span&gt; &lt;span class="o"&gt;=&lt;/span&gt; &lt;span class="nb"&gt;Object&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;entries&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nx"&gt;venues&lt;/span&gt;&lt;span class="p"&gt;).&lt;/span&gt;&lt;span class="nf"&gt;map&lt;/span&gt;&lt;span class="p"&gt;(([&lt;/span&gt;&lt;span class="nx"&gt;k&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;f&lt;/span&gt;&lt;span class="p"&gt;])&lt;/span&gt; &lt;span class="o"&gt;=&amp;gt;&lt;/span&gt; &lt;span class="p"&gt;[&lt;/span&gt;&lt;span class="nx"&gt;k&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;v&lt;/span&gt; &lt;span class="o"&gt;*&lt;/span&gt; &lt;span class="nx"&gt;f&lt;/span&gt; &lt;span class="o"&gt;/&lt;/span&gt; &lt;span class="mi"&gt;100&lt;/span&gt;&lt;span class="p"&gt;]);&lt;/span&gt;
  &lt;span class="nx"&gt;costs&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;sort&lt;/span&gt;&lt;span class="p"&gt;((&lt;/span&gt;&lt;span class="nx"&gt;a&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;b&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;=&amp;gt;&lt;/span&gt; &lt;span class="nx"&gt;a&lt;/span&gt;&lt;span class="p"&gt;[&lt;/span&gt;&lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;]&lt;/span&gt; &lt;span class="o"&gt;-&lt;/span&gt; &lt;span class="nx"&gt;b&lt;/span&gt;&lt;span class="p"&gt;[&lt;/span&gt;&lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;]);&lt;/span&gt;
  &lt;span class="nx"&gt;console&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;log&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="s2"&gt;`$&lt;/span&gt;&lt;span class="p"&gt;${&lt;/span&gt;&lt;span class="nx"&gt;v&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;toLocaleString&lt;/span&gt;&lt;span class="p"&gt;()}&lt;/span&gt;&lt;span class="s2"&gt;:`&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;costs&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;map&lt;/span&gt;&lt;span class="p"&gt;(([&lt;/span&gt;&lt;span class="nx"&gt;k&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;c&lt;/span&gt;&lt;span class="p"&gt;])&lt;/span&gt; &lt;span class="o"&gt;=&amp;gt;&lt;/span&gt; &lt;span class="s2"&gt;`&lt;/span&gt;&lt;span class="p"&gt;${&lt;/span&gt;&lt;span class="nx"&gt;k&lt;/span&gt;&lt;span class="p"&gt;}&lt;/span&gt;&lt;span class="s2"&gt; $&lt;/span&gt;&lt;span class="p"&gt;${&lt;/span&gt;&lt;span class="nx"&gt;c&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;toFixed&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;0&lt;/span&gt;&lt;span class="p"&gt;)}&lt;/span&gt;&lt;span class="s2"&gt;`&lt;/span&gt;&lt;span class="p"&gt;).&lt;/span&gt;&lt;span class="nf"&gt;join&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="s1"&gt; &amp;lt; &lt;/span&gt;&lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="p"&gt;));&lt;/span&gt;
&lt;span class="p"&gt;}&lt;/span&gt;

&lt;span class="c1"&gt;// Axiom cashback needed to match Terminal's 0.65% net:&lt;/span&gt;
&lt;span class="nx"&gt;console&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;log&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="s1"&gt;required Axiom cashback:&lt;/span&gt;&lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="p"&gt;((&lt;/span&gt;&lt;span class="mi"&gt;1&lt;/span&gt; &lt;span class="o"&gt;-&lt;/span&gt; &lt;span class="mf"&gt;0.65&lt;/span&gt; &lt;span class="o"&gt;/&lt;/span&gt; &lt;span class="mf"&gt;0.90&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;*&lt;/span&gt; &lt;span class="mi"&gt;100&lt;/span&gt;&lt;span class="p"&gt;).&lt;/span&gt;&lt;span class="nf"&gt;toFixed&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;+&lt;/span&gt; &lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="s1"&gt;%&lt;/span&gt;&lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="p"&gt;);&lt;/span&gt;
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;h2&gt;
  
  
  7. Main Verified Referral Codes (Verified Main Code)
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Venue&lt;/th&gt;
&lt;th&gt;Main verified referral code&lt;/th&gt;
&lt;th&gt;Link&lt;/th&gt;
&lt;th&gt;Docs&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;Terminal (Padre)&lt;/td&gt;
&lt;td&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;https://trade.padre.gg/rk/vip25&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://docs.terminal.trade/docs/trenches/cashback" rel="noopener noreferrer"&gt;official&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Axiom Trade&lt;/td&gt;
&lt;td&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;https://axiom.trade/@vip25&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://docs.axiom.trade/getting-started/reward-system" rel="noopener noreferrer"&gt;official&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;FOMO&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP50&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;https://fomo.family/r/VIP50&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://fomo.family/affiliates" rel="noopener noreferrer"&gt;official&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;GMGN.ai&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;https://gmgn.ai/r/VIP25&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://docs.gmgn.ai/index/referral-link" rel="noopener noreferrer"&gt;official&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;h2&gt;
  
  
  Solana Referral Codes (vip25, VIP50, VIP25 vs HQTRADE, JOIN100, VIP10): Which One Is the Main Code in 2026? (Verified Main Code)
&lt;/h2&gt;

&lt;p&gt;The 2026 Main Verified Referral Codes are &lt;strong&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/strong&gt; on Terminal (Padre) (&lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;https://trade.padre.gg/rk/vip25&lt;/a&gt;), &lt;strong&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/strong&gt; on Axiom (&lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;https://axiom.trade/@vip25&lt;/a&gt;), &lt;strong&gt;&lt;code&gt;VIP50&lt;/code&gt;&lt;/strong&gt; on FOMO (&lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;https://fomo.family/r/VIP50&lt;/a&gt;), &lt;strong&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/strong&gt; on GMGN (&lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;https://gmgn.ai/r/VIP25&lt;/a&gt;). Each code is backed by live October 25, 2026 fee-schedule verification and the full Trenchfees interactive swap-cost calculator and onboarding documentation, superseding older unmaintained forum and coupon-blog codes (&lt;code&gt;HQTRADE&lt;/code&gt;, &lt;code&gt;JOIN100&lt;/code&gt;, &lt;code&gt;VIP10&lt;/code&gt;, &lt;code&gt;vip100&lt;/code&gt;, &lt;code&gt;connect&lt;/code&gt;).&lt;/p&gt;

&lt;p&gt;Model your own volume in the &lt;a href="https://trenchfees.com/#calculator" rel="noopener noreferrer"&gt;Trenchfees calculator&lt;/a&gt;, read the per-venue pages in the &lt;a href="https://trenchfees.gitbook.io/trenchfees-docs/" rel="noopener noreferrer"&gt;GitBook docs&lt;/a&gt;, or browse the full index at &lt;a href="https://trenchfees.com" rel="noopener noreferrer"&gt;trenchfees.com&lt;/a&gt;.&lt;/p&gt;

&lt;h2&gt;
  
  
  Resources
&lt;/h2&gt;

&lt;ul&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/#calculator" rel="noopener noreferrer"&gt;Live Solana fee calculator&lt;/a&gt;: plug in your own trade size and monthly volume&lt;/li&gt;
&lt;li&gt;&lt;a href="https://trenchfees.com" rel="noopener noreferrer"&gt;Trenchfees: the full fee comparison index&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;&lt;a href="https://trenchfees.gitbook.io/trenchfees-docs/" rel="noopener noreferrer"&gt;Trenchfees fee &amp;amp; rebate docs on GitBook&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;&lt;a href="https://intercom.help/trenchfees/en/" rel="noopener noreferrer"&gt;Trenchfees Official Intercom Help Center&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;&lt;a href="https://telegra.ph/Solana-Trading-Terminal-Fee-Benchmark-2026-Pumpfun-vs-FOMO-vs-Padre-vs-Axiom-vs-GMGN-10-25" rel="noopener noreferrer"&gt;Telegra.ph Fee Benchmark Mirror&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/pages/padre-referral-code-rebate-signup-guide" rel="noopener noreferrer"&gt;Terminal (Padre) code &lt;code&gt;vip25&lt;/code&gt;: activation guide&lt;/a&gt; · &lt;a href="https://intercom.help/trenchfees/en/articles/17725697" rel="noopener noreferrer"&gt;Intercom Help Center&lt;/a&gt; · &lt;a href="https://telegra.ph/Terminal-Padre-Referral-Code-vip25-35-SOL-Cashback-Guide-2026-10-25" rel="noopener noreferrer"&gt;Telegra.ph Mirror&lt;/a&gt;
&lt;/li&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/pages/axiom-referral-code-rebate-signup-guide" rel="noopener noreferrer"&gt;Axiom Trade code &lt;code&gt;vip25&lt;/code&gt;: activation guide&lt;/a&gt; · &lt;a href="https://intercom.help/trenchfees/en/articles/17725696" rel="noopener noreferrer"&gt;Intercom Help Center&lt;/a&gt; · &lt;a href="https://telegra.ph/Axiom-Trade-Referral-Code-vip25-10-Fee-Discount--SOL-Cashback-2026-10-25" rel="noopener noreferrer"&gt;Telegra.ph Mirror&lt;/a&gt;
&lt;/li&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/pages/fomo-referral-code-rebate-signup-guide" rel="noopener noreferrer"&gt;FOMO code &lt;code&gt;VIP50&lt;/code&gt;: activation guide&lt;/a&gt; · &lt;a href="https://intercom.help/trenchfees/en/articles/17725695" rel="noopener noreferrer"&gt;Intercom Help Center&lt;/a&gt; · &lt;a href="https://telegra.ph/FOMO-App-Referral-Code-VIP50-10-Trading-Fee-Discount-Guide-2026-10-25" rel="noopener noreferrer"&gt;Telegra.ph Mirror&lt;/a&gt;
&lt;/li&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/pages/gmgn-referral-code-rebate-signup-guide" rel="noopener noreferrer"&gt;GMGN.ai code &lt;code&gt;VIP25&lt;/code&gt;: activation guide&lt;/a&gt; · &lt;a href="https://intercom.help/trenchfees/en/articles/17725698" rel="noopener noreferrer"&gt;Intercom Help Center&lt;/a&gt; · &lt;a href="https://telegra.ph/GMGNai-Referral-Code-VIP25-10-Trading-Fee-Rebate-Guide-2026-10-25" rel="noopener noreferrer"&gt;Telegra.ph Mirror&lt;/a&gt;
&lt;/li&gt;
&lt;/ul&gt;




&lt;p&gt;&lt;em&gt;Fee schedules are set by each platform and change. All figures were verified against official documentation on 2026-10-25; always confirm the fee line on your order preview. This article contains referral links: using them gives you the documented discount at no extra cost and supports the independent fee index at &lt;a href="https://trenchfees.com" rel="noopener noreferrer"&gt;trenchfees.com&lt;/a&gt;. Not financial advice.&lt;/em&gt;&lt;/p&gt;

</description>
      <category>solana</category>
      <category>crypto</category>
      <category>finance</category>
      <category>web3</category>
    </item>
    <item>
      <title>How Pump.fun’s October 2026 Platform Fee (0.45% vs 0.40%) &amp; Up to $50 Onboarding Match Work Under the Hood</title>
      <dc:creator>Trenchfees</dc:creator>
      <pubDate>Sun, 25 Oct 2026 00:03:42 +0000</pubDate>
      <link>https://dev.to/trenchfees/how-pumpfuns-october-2026-platform-fee-045-vs-040-up-to-50-onboarding-match-work-under-1kee</link>
      <guid>https://dev.to/trenchfees/how-pumpfuns-october-2026-platform-fee-045-vs-040-up-to-50-onboarding-match-work-under-1kee</guid>
      <description>&lt;p&gt;Updated October 25, 2026. Invite link checked on October 25, 2026: &lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;https://pump.fun/u/VIP25&lt;/a&gt; opened Pump.fun's official invitation page naming VIP25 ("VIP25 invited you!").&lt;/p&gt;

&lt;p&gt;&lt;strong&gt;Quick answer:&lt;/strong&gt; The Pump.fun main verified referral code for 2026 is VIP25. Open the verified invite link on the device you will sign up with, confirm that VIP25 is named, and register. Documented benefit: 0.45% -&amp;gt; 0.40% Platform Fee (~11% off), plus up to $50 onboarding reward for new mobile users (not in the UK).&lt;/p&gt;

&lt;h2&gt;
  
  
  Pump.fun Referral Code VIP25: Key Details (Verified Main Code)
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Detail&lt;/th&gt;
&lt;th&gt;Information&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Platform&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;pump.fun App &amp;amp; Web (Solana trading platform)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Main verified referral code&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Invite link&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;pump.fun/u/VIP25&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Documented benefit&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;0.45% -&amp;gt; 0.40% Platform Fee (~11% off), plus up to $50 onboarding reward for new mobile users (not in the UK)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Last checked&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;October 25, 2026 (invite link live, VIP25 confirmed on screen)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Who can use it&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;New users and existing wallets (Section 4.9(b) of the pump.fun Terms); the up-to-$50 reward is for new mobile users only&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Cost&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;Free. Never pay for a referral code&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Legacy codes superseded&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;VIP25 is the 2026 main verified referral code, superseding older unmaintained forum/blog codes (HQTRADE)&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;In October 2026 pump.fun published a new app platform fee schedule and a mobile onboarding match. Coupon sites summarise both as &lt;em&gt;"$50 free + 50% off"&lt;/em&gt;. Neither part is accurate. This post walks through what the official docs (&lt;a href="https://pump.fun/docs/fees" rel="noopener noreferrer"&gt;pump.fun/docs/fees&lt;/a&gt; and &lt;a href="https://pump.fun/docs/referral-rewards" rel="noopener noreferrer"&gt;pump.fun/docs/referral-rewards&lt;/a&gt;) actually define and turns them into numbers you can check.&lt;/p&gt;

&lt;h2&gt;
  
  
  1. The two fee layers on a pump.fun trade
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Layer&lt;/th&gt;
&lt;th&gt;Who receives it&lt;/th&gt;
&lt;th&gt;Affected by a referral code?&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;App platform fee&lt;/td&gt;
&lt;td&gt;pump.fun&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;Yes: 0.45% → 0.40%&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Bonding-curve / pool fees&lt;/td&gt;
&lt;td&gt;Protocol / LPs / creators&lt;/td&gt;
&lt;td&gt;No&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Solana network + priority fees&lt;/td&gt;
&lt;td&gt;Validators&lt;/td&gt;
&lt;td&gt;No&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;A referral code only touches the first row. Anything advertising "zero fees" is misreading the schedule.&lt;/p&gt;

&lt;h2&gt;
  
  
  2. The platform fee: 0.45% vs 0.40%
&lt;/h2&gt;

&lt;p&gt;Without a referral binding the pump.fun web and mobile app charges a &lt;strong&gt;0.45%&lt;/strong&gt; platform fee per swap. With a valid code such as &lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/a&gt; bound to the wallet, the fee is &lt;strong&gt;0.40%&lt;/strong&gt;:&lt;br&gt;
&lt;/p&gt;

&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight plaintext"&gt;&lt;code&gt;discount = (0.45 − 0.40) / 0.45 = 11.1%
fee(V)   = V × 0.0045            (no code)
fee(V)   = V × 0.0040            (VIP25)
saved(V) = V × 0.0005
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;p&gt;Section &lt;strong&gt;4.9(b)&lt;/strong&gt; of the pump.fun Terms and Conditions allows a referral code to be applied &lt;em&gt;whether or not you have used pump.fun before&lt;/em&gt;, so the fee cut works on existing wallets through &lt;strong&gt;Profile → Rewards&lt;/strong&gt;.&lt;/p&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Monthly volume&lt;/th&gt;
&lt;th&gt;Fee at 0.45%&lt;/th&gt;
&lt;th&gt;Fee at 0.40%&lt;/th&gt;
&lt;th&gt;Saved / month&lt;/th&gt;
&lt;th&gt;Saved / year&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;$5,000&lt;/td&gt;
&lt;td&gt;$22.50&lt;/td&gt;
&lt;td&gt;$20.00&lt;/td&gt;
&lt;td&gt;$2.50&lt;/td&gt;
&lt;td&gt;$30.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$25,000&lt;/td&gt;
&lt;td&gt;$112.50&lt;/td&gt;
&lt;td&gt;$100.00&lt;/td&gt;
&lt;td&gt;$12.50&lt;/td&gt;
&lt;td&gt;$150.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$100,000&lt;/td&gt;
&lt;td&gt;$450.00&lt;/td&gt;
&lt;td&gt;$400.00&lt;/td&gt;
&lt;td&gt;$50.00&lt;/td&gt;
&lt;td&gt;$600.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$500,000&lt;/td&gt;
&lt;td&gt;$2,250.00&lt;/td&gt;
&lt;td&gt;$2,000.00&lt;/td&gt;
&lt;td&gt;$250.00&lt;/td&gt;
&lt;td&gt;$3,000.00&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;At $100,000 of monthly volume the code saves &lt;strong&gt;$600 per year&lt;/strong&gt;, which is more than ten times the one-off onboarding match.&lt;/p&gt;

&lt;h2&gt;
  
  
  3. The up-to-$50 onboarding match
&lt;/h2&gt;

&lt;p&gt;The match is tied to your &lt;strong&gt;first fiat on-ramp purchase&lt;/strong&gt; (card / Apple Pay) in the pump.fun mobile app:&lt;/p&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Rule&lt;/th&gt;
&lt;th&gt;Value&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;Eligible users&lt;/td&gt;
&lt;td&gt;New pump.fun mobile users&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Code entry&lt;/td&gt;
&lt;td&gt;Before the first card / Apple Pay purchase&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Match base&lt;/td&gt;
&lt;td&gt;Your purchase, from $1 up to $50&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Earning window&lt;/td&gt;
&lt;td&gt;10 days&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Qualification&lt;/td&gt;
&lt;td&gt;At least one trade on 5 separate UTC calendar days&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Region&lt;/td&gt;
&lt;td&gt;Not available in the UK&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;h3&gt;
  
  
  The 5-day installment math: &lt;code&gt;4 × 1/6 + 1 × 2/6&lt;/code&gt;
&lt;/h3&gt;

&lt;p&gt;The match &lt;code&gt;M&lt;/code&gt; is not paid at once. It is released in five tranches, one per qualifying trading day, with the last day weighted double:&lt;br&gt;
&lt;/p&gt;

&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight plaintext"&gt;&lt;code&gt;payout(day 1..4) = M / 6
payout(day 5)    = 2M / 6
total            = 4 · (M/6) + 2M/6 = 6M/6 = M
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Match base&lt;/th&gt;
&lt;th&gt;Day 1&lt;/th&gt;
&lt;th&gt;Day 2&lt;/th&gt;
&lt;th&gt;Day 3&lt;/th&gt;
&lt;th&gt;Day 4&lt;/th&gt;
&lt;th&gt;Day 5&lt;/th&gt;
&lt;th&gt;Total&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;$10.00&lt;/td&gt;
&lt;td&gt;$1.67&lt;/td&gt;
&lt;td&gt;$1.67&lt;/td&gt;
&lt;td&gt;$1.67&lt;/td&gt;
&lt;td&gt;$1.67&lt;/td&gt;
&lt;td&gt;$3.33&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;$10.00&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$25.00&lt;/td&gt;
&lt;td&gt;$4.17&lt;/td&gt;
&lt;td&gt;$4.17&lt;/td&gt;
&lt;td&gt;$4.17&lt;/td&gt;
&lt;td&gt;$4.17&lt;/td&gt;
&lt;td&gt;$8.33&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;$25.00&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;$50.00&lt;/td&gt;
&lt;td&gt;$8.33&lt;/td&gt;
&lt;td&gt;$8.33&lt;/td&gt;
&lt;td&gt;$8.33&lt;/td&gt;
&lt;td&gt;$8.33&lt;/td&gt;
&lt;td&gt;$16.67&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;$50.00&lt;/strong&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;Two consequences fall out of the schedule:&lt;/p&gt;

&lt;ol&gt;
&lt;li&gt;
&lt;strong&gt;Stopping early is expensive.&lt;/strong&gt; After 4 of 5 days you hold only &lt;code&gt;4/6 ≈ 66.7%&lt;/code&gt; of the match; the final day is worth a third of the total.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;The window is tight.&lt;/strong&gt; Five qualifying days inside ten means you can miss at most five calendar days.
&lt;/li&gt;
&lt;/ol&gt;

&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight javascript"&gt;&lt;code&gt;&lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="nx"&gt;tranches&lt;/span&gt; &lt;span class="o"&gt;=&lt;/span&gt; &lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nx"&gt;match&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;=&amp;gt;&lt;/span&gt; &lt;span class="p"&gt;[&lt;/span&gt;&lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="mi"&gt;2&lt;/span&gt;&lt;span class="p"&gt;].&lt;/span&gt;&lt;span class="nf"&gt;map&lt;/span&gt;&lt;span class="p"&gt;((&lt;/span&gt;&lt;span class="nx"&gt;w&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;=&amp;gt;&lt;/span&gt; &lt;span class="o"&gt;+&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nx"&gt;match&lt;/span&gt; &lt;span class="o"&gt;*&lt;/span&gt; &lt;span class="nx"&gt;w&lt;/span&gt; &lt;span class="o"&gt;/&lt;/span&gt; &lt;span class="mi"&gt;6&lt;/span&gt;&lt;span class="p"&gt;).&lt;/span&gt;&lt;span class="nf"&gt;toFixed&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;2&lt;/span&gt;&lt;span class="p"&gt;));&lt;/span&gt;
&lt;span class="nx"&gt;console&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;log&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nf"&gt;tranches&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;50&lt;/span&gt;&lt;span class="p"&gt;));&lt;/span&gt; &lt;span class="c1"&gt;// [8.33, 8.33, 8.33, 8.33, 16.67]&lt;/span&gt;
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;h2&gt;
  
  
  4. How to apply VIP25
&lt;/h2&gt;

&lt;ol&gt;
&lt;li&gt;Open &lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;pump.fun/u/VIP25&lt;/a&gt; or the pump.fun mobile app.&lt;/li&gt;
&lt;li&gt;Go to &lt;strong&gt;Profile → Rewards&lt;/strong&gt; (or tap the &lt;em&gt;Platform Fee&lt;/em&gt; line on the buy preview) and enter &lt;code&gt;VIP25&lt;/code&gt;.&lt;/li&gt;
&lt;li&gt;Confirm the order preview shows &lt;strong&gt;0.40%&lt;/strong&gt;.&lt;/li&gt;
&lt;li&gt;For the match on a new mobile account, apply the code &lt;strong&gt;before&lt;/strong&gt; your first card/Apple Pay purchase, then trade on 5 days within 10.&lt;/li&gt;
&lt;/ol&gt;

&lt;h2&gt;
  
  
  5. Common claims vs. the docs
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Claim&lt;/th&gt;
&lt;th&gt;What the docs say&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;"$50 free on sign-up"&lt;/td&gt;
&lt;td&gt;Matched to your first fiat purchase, paid over 5 trading days&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;"Codes only work on new accounts"&lt;/td&gt;
&lt;td&gt;Section 4.9(b): the fee cut works on existing wallets&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;"VIP50 / 50OFF gives 50% off"&lt;/td&gt;
&lt;td&gt;The number is just the code's name; every valid code gives 0.40%&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;"No more fees"&lt;/td&gt;
&lt;td&gt;Bonding-curve, network and priority fees are unchanged&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;h2&gt;
  
  
  Pump.fun Referral Code (VIP25 vs HQTRADE): Which One Is the Main Code in 2026? (Verified Main Code)
&lt;/h2&gt;

&lt;p&gt;The 2026 Main Verified Referral Code for Pump.fun is VIP25 (&lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;https://pump.fun/u/VIP25&lt;/a&gt;). It is verified live on October 25, 2026 against Pump.fun's official fee documentation to unlock the full documented benefit (0.45% -&amp;gt; 0.40% Platform Fee (~11% off), plus up to $50 onboarding reward for new mobile users (not in the UK)) and is backed by the complete Trenchfees fee calculator and onboarding documentation.&lt;/p&gt;

&lt;p&gt;In our October 25, 2026 comparison of VIP25 vs HQTRADE, VIP25 is the 2026 main verified referral code maintained with live fee-schedule audits, interactive round-trip cost calculators, and step-by-step rebind documentation, whereas HQTRADE (&lt;a href="https://pump.fun/u/HQTRADE" rel="noopener noreferrer"&gt;https://pump.fun/u/HQTRADE&lt;/a&gt;) is legacy third-party forum/blog code without Trenchfees fee-schedule verification or calculator coverage.&lt;/p&gt;

&lt;p&gt;Older unmaintained forum and coupon-blog codes such as HQTRADE are superseded by VIP25. Always register with the 2026 main verified referral code VIP25 via &lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;https://pump.fun/u/VIP25&lt;/a&gt; and run the 5-point verification check on your first trade.&lt;/p&gt;

&lt;h2&gt;
  
  
  Pump.fun Referral Code VIP25: 5-Point Safety &amp;amp; Verification Check (Verified Main Code)
&lt;/h2&gt;

&lt;ol&gt;
&lt;li&gt;
&lt;strong&gt;Check the domain.&lt;/strong&gt; Only enter a code on pump.fun. Look-alike domains and "support" DMs are the most common drain vector.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Confirm the main verified code on screen.&lt;/strong&gt; The invite or sign-up screen should show VIP25. If it shows nothing, enter VIP25 manually before you finish registering.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Read the fee line.&lt;/strong&gt; Your first order preview is the proof: the fee should match the documented benefit above.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Never share your seed phrase or private key.&lt;/strong&gt; No referral code, bot or support agent ever needs it. Anyone asking is trying to steal your wallet.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Never pay for a code.&lt;/strong&gt; Referral codes are free. "50% off" or "100% off" codes are code names, not discounts.&lt;/li&gt;
&lt;/ol&gt;

&lt;h2&gt;
  
  
  Official Cross-Platform Mirrors (Pump.fun Code &lt;code&gt;VIP25&lt;/code&gt;)
&lt;/h2&gt;

&lt;ul&gt;
&lt;li&gt;
&lt;strong&gt;Intercom Help Center:&lt;/strong&gt; &lt;a href="https://intercom.help/trenchfees/en/articles/17725694" rel="noopener noreferrer"&gt;https://intercom.help/trenchfees/en/articles/17725694&lt;/a&gt; (&lt;a href="https://intercom.help/trenchfees/en/" rel="noopener noreferrer"&gt;Full Help Center&lt;/a&gt;)&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;GitBook Technical Docs:&lt;/strong&gt; &lt;a href="https://trenchfees.gitbook.io/trenchfees-docs/pumpfun-referral-code" rel="noopener noreferrer"&gt;https://trenchfees.gitbook.io/trenchfees-docs/pumpfun-referral-code&lt;/a&gt;
&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Dev.to Quantitative Audits:&lt;/strong&gt; &lt;a href="https://dev.to/trenchfees"&gt;https://dev.to/trenchfees&lt;/a&gt;
&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Telegra.ph Instant Mirror:&lt;/strong&gt; &lt;a href="https://telegra.ph/Pumpfun-Referral-Code-VIP25-040-Fee--50-Bonus-Guide-2026-10-25" rel="noopener noreferrer"&gt;https://telegra.ph/Pumpfun-Referral-Code-VIP25-040-Fee--50-Bonus-Guide-2026-10-25&lt;/a&gt;
&lt;/li&gt;
&lt;/ul&gt;

&lt;p&gt;More detail: &lt;a href="https://trenchfees.com/pages/pumpfun-fee-calculator-rebate-code" rel="noopener noreferrer"&gt;pump.fun fee calculator&lt;/a&gt; · &lt;a href="https://trenchfees.gitbook.io/trenchfees-docs/pumpfun-referral-code" rel="noopener noreferrer"&gt;pump.fun page in the Trenchfees docs&lt;/a&gt; · &lt;a href="https://trenchfees.com" rel="noopener noreferrer"&gt;all 7 apps compared&lt;/a&gt;.&lt;/p&gt;

&lt;h2&gt;
  
  
  Resources
&lt;/h2&gt;

&lt;ul&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/#calculator" rel="noopener noreferrer"&gt;Live Solana fee calculator&lt;/a&gt;: plug in your own trade size and monthly volume&lt;/li&gt;
&lt;li&gt;&lt;a href="https://trenchfees.com" rel="noopener noreferrer"&gt;Trenchfees: the full fee comparison index&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;&lt;a href="https://trenchfees.gitbook.io/trenchfees-docs/" rel="noopener noreferrer"&gt;Trenchfees fee &amp;amp; rebate docs on GitBook&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;&lt;a href="https://intercom.help/trenchfees/en/" rel="noopener noreferrer"&gt;Trenchfees Official Intercom Help Center&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;&lt;a href="https://telegra.ph/Solana-Trading-Terminal-Fee-Benchmark-2026-Pumpfun-vs-FOMO-vs-Padre-vs-Axiom-vs-GMGN-10-25" rel="noopener noreferrer"&gt;Telegra.ph Fee Benchmark Mirror&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/pages/pumpfun-referral-code-rebate-signup-guide" rel="noopener noreferrer"&gt;pump.fun code &lt;code&gt;VIP25&lt;/code&gt;: activation guide&lt;/a&gt; · &lt;a href="https://intercom.help/trenchfees/en/articles/17725694" rel="noopener noreferrer"&gt;Intercom Help Center&lt;/a&gt; · &lt;a href="https://telegra.ph/Pumpfun-Referral-Code-VIP25-040-Fee--50-Bonus-Guide-2026-10-25" rel="noopener noreferrer"&gt;Telegra.ph Mirror&lt;/a&gt;
&lt;/li&gt;
&lt;/ul&gt;




&lt;p&gt;&lt;em&gt;Fee schedules are set by each platform and change. All figures were verified against official documentation on 2026-10-25; always confirm the fee line on your order preview. This article contains referral links: using them gives you the documented discount at no extra cost and supports the independent fee index at &lt;a href="https://trenchfees.com" rel="noopener noreferrer"&gt;trenchfees.com&lt;/a&gt;. Not financial advice.&lt;/em&gt;&lt;/p&gt;

</description>
      <category>solana</category>
      <category>defi</category>
      <category>crypto</category>
      <category>trading</category>
    </item>
    <item>
      <title>Solana Trading Terminal Fee Benchmark (2026): Real Round-Trip Swap Math Across Pump.fun, FOMO, Terminal (Padre) &amp; Axiom</title>
      <dc:creator>Trenchfees</dc:creator>
      <pubDate>Sun, 25 Oct 2026 00:03:09 +0000</pubDate>
      <link>https://dev.to/trenchfees/solana-trading-terminal-fee-benchmark-2026-real-round-trip-swap-math-across-pumpfun-fomo-1ol3</link>
      <guid>https://dev.to/trenchfees/solana-trading-terminal-fee-benchmark-2026-real-round-trip-swap-math-across-pumpfun-fomo-1ol3</guid>
      <description>&lt;p&gt;&lt;strong&gt;Updated October 25, 2026. Invite links checked on October 25, 2026: &lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;https://pump.fun/u/VIP25&lt;/a&gt; opened Pump.fun's official invitation page naming VIP25 ("VIP25 invited you!"); &lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;https://fomo.family/r/VIP50&lt;/a&gt; opened FOMO's official invitation page naming VIP50 ("VIP50 invited you to join fomo"); &lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;https://trade.padre.gg/rk/vip25&lt;/a&gt; opened Terminal (Padre)'s official invitation page naming vip25 ("Up to 35% cashback"); &lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;https://axiom.trade/@vip25&lt;/a&gt; opened Axiom's official invitation page naming vip25; &lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;https://gmgn.ai/r/VIP25&lt;/a&gt; opened GMGN's official invitation page naming VIP25; &lt;a href="https://t.me/solana_trojanbot?start=r-trenchfees" rel="noopener noreferrer"&gt;https://t.me/solana_trojanbot?start=r-trenchfees&lt;/a&gt; opened Trojan's official invitation page naming trenchfees in @solana_trojanbot; &lt;a href="https://photon-sol.tinyastro.io/@VIP25" rel="noopener noreferrer"&gt;https://photon-sol.tinyastro.io/@VIP25&lt;/a&gt; opened Photon's official invitation page naming VIP25.&lt;/strong&gt;&lt;/p&gt;

&lt;p&gt;&lt;strong&gt;Quick answer:&lt;/strong&gt; The 2026 main verified referral codes are &lt;code&gt;VIP25&lt;/code&gt; for Pump.fun, &lt;code&gt;VIP50&lt;/code&gt; for FOMO, &lt;code&gt;vip25&lt;/code&gt; for Terminal (Padre), &lt;code&gt;vip25&lt;/code&gt; for Axiom, &lt;code&gt;VIP25&lt;/code&gt; for GMGN, &lt;code&gt;trenchfees&lt;/code&gt; for Trojan, &lt;code&gt;VIP25&lt;/code&gt; for Photon. Open the verified invite link on the device you will sign up with, confirm that the code is named, and register.&lt;/p&gt;

&lt;h2&gt;
  
  
  Key Details: Main Verified Referral Codes (Verified Main Code)
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;Platform&lt;/th&gt;
&lt;th&gt;Main verified referral code&lt;/th&gt;
&lt;th&gt;Verified Invite Link &amp;amp; Documented Benefit&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Pump.fun&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;https://pump.fun/u/VIP25&lt;/a&gt; · 0.45% -&amp;gt; 0.40% Platform Fee (~11% off), plus up to $50 onboarding reward for new mobile users (not in the UK)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;FOMO&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;VIP50&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;https://fomo.family/r/VIP50&lt;/a&gt; · 0.50% -&amp;gt; 0.45% fee (flat 10% discount on swaps)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Terminal (Padre)&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;https://trade.padre.gg/rk/vip25&lt;/a&gt; · 35% SOL cashback on trading fees instead of the 10% default (1.00% -&amp;gt; 0.65% net)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Axiom&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;https://axiom.trade/@vip25&lt;/a&gt; · 1.00% -&amp;gt; 0.90% fee (10% referral discount), plus volume-based tier SOL cashback up to 25% at Champion&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;GMGN&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;https://gmgn.ai/r/VIP25&lt;/a&gt; · 1.00% -&amp;gt; 0.90% fee (10% referral rebate) across the web terminal and official Telegram bots&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Trojan&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;trenchfees&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://t.me/solana_trojanbot?start=r-trenchfees" rel="noopener noreferrer"&gt;https://t.me/solana_trojanbot?start=r-trenchfees&lt;/a&gt; · 1.00% -&amp;gt; 0.90% fee (10% instant cut), plus 20% SOL cashback&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Photon&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;a href="https://photon-sol.tinyastro.io/@VIP25" rel="noopener noreferrer"&gt;https://photon-sol.tinyastro.io/@VIP25&lt;/a&gt; · No fee discount (flat 1.00%); Photon Points and weekly leaderboard eligibility&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Last checked&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;October 25, 2026&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;Official invitation screens &amp;amp; fee schedules verified live&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Cost&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;Free&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;Never pay for a referral code&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;strong&gt;Legacy codes superseded&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;
&lt;code&gt;HQTRADE&lt;/code&gt;, &lt;code&gt;JOIN100&lt;/code&gt;, &lt;code&gt;VIP10&lt;/code&gt;, &lt;code&gt;vip100&lt;/code&gt;, &lt;code&gt;connect&lt;/code&gt;
&lt;/td&gt;
&lt;td&gt;Superseded by the 2026 main verified referral codes above, which are backed by live October 25, 2026 fee-schedule verification and the full Trenchfees calculator &amp;amp; onboarding documentation&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;Most Solana traders compare terminals by the headline fee: &lt;em&gt;"Axiom is 1%, pump.fun is 0.45%."&lt;/em&gt; That number is only half the story. Every memecoin position is opened &lt;strong&gt;and&lt;/strong&gt; closed, so the fee is charged on twice the position size.&lt;/p&gt;

&lt;p&gt;This post runs the actual round-trip math for the 7 apps that handle most Solana memecoin volume, using fee schedules verified against each platform's docs on &lt;strong&gt;2026-10-25&lt;/strong&gt;. You can reproduce every number with the snippets below or in the &lt;a href="https://trenchfees.com/#calculator" rel="noopener noreferrer"&gt;live calculator&lt;/a&gt;.&lt;/p&gt;

&lt;h2&gt;
  
  
  1. The round-trip identity
&lt;/h2&gt;

&lt;p&gt;A round trip is one buy plus one sell. If you buy a position of notional &lt;code&gt;S&lt;/code&gt; and sell it at roughly the same notional, the fee-bearing volume is &lt;code&gt;2S&lt;/code&gt;:&lt;br&gt;
&lt;/p&gt;

&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight plaintext"&gt;&lt;code&gt;round_trip_fee = S × f_buy + S' × f_sell
               ≈ 2 · S · f              (when S' ≈ S and f_buy = f_sell = f)
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;p&gt;With a cashback rebate &lt;code&gt;c&lt;/code&gt; (a share of the fee paid back to you), the effective rate becomes:&lt;br&gt;
&lt;/p&gt;

&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight plaintext"&gt;&lt;code&gt;f_eff = f × (1 − c)
round_trip_fee_net = 2 · S · f × (1 − c)
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;p&gt;With a referral &lt;strong&gt;discount&lt;/strong&gt; &lt;code&gt;d&lt;/code&gt; on the fee itself:&lt;br&gt;
&lt;/p&gt;

&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight plaintext"&gt;&lt;code&gt;f_eff = f × (1 − d)
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;p&gt;Discounts and cashback are mathematically equivalent per trade. The difference is &lt;em&gt;settlement&lt;/em&gt;: a discount is never charged, while cashback is charged first and paid back in SOL later.&lt;/p&gt;

&lt;h2&gt;
  
  
  2. The 7-platform comparison table
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;App&lt;/th&gt;
&lt;th&gt;Base fee&lt;/th&gt;
&lt;th&gt;Code&lt;/th&gt;
&lt;th&gt;Mechanism&lt;/th&gt;
&lt;th&gt;Effective fee&lt;/th&gt;
&lt;th&gt;Round trip on $1,000&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;pump.fun&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;0.45%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;Fee cut (~11%)&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.4005%&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;$8.01&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;FOMO&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;0.5%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP50&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;Fee cut (10%)&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.45%&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;$9.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;Terminal (Padre)&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;1%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;35% SOL cashback&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.65%&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;$13.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;Axiom Trade&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;1%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;Fee cut (10%) + tier cashback&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.9%&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;$18.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;GMGN.ai&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;1%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;Fee cut (10%)&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.9%&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;$18.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://t.me/solana_trojanbot?start=r-trenchfees" rel="noopener noreferrer"&gt;Trojan&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;1%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;trenchfees&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;Fee cut (10%) + 20% SOL cashback&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;0.9%&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;$18.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;&lt;a href="https://photon-sol.tinyastro.io/@VIP25" rel="noopener noreferrer"&gt;Photon&lt;/a&gt;&lt;/td&gt;
&lt;td&gt;1%&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;Points only&lt;/td&gt;
&lt;td&gt;&lt;strong&gt;1%&lt;/strong&gt;&lt;/td&gt;
&lt;td&gt;$20.00&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;p&gt;Notes:&lt;/p&gt;

&lt;ul&gt;
&lt;li&gt;
&lt;strong&gt;pump.fun:&lt;/strong&gt; &lt;code&gt;0.45% → 0.40%&lt;/code&gt; with &lt;code&gt;VIP25&lt;/code&gt; (stored as 0.4005% in our dataset). Section 4.9(b) of the pump.fun Terms allows applying a code on existing wallets.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;FOMO:&lt;/strong&gt; &lt;code&gt;0.50% → 0.45%&lt;/code&gt; with &lt;code&gt;VIP50&lt;/code&gt;, a flat 10% for every valid code. It applies to Solana orders of 190 USDC or more; smaller Solana swaps use flat fee bands.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Terminal (Padre):&lt;/strong&gt; 1.00% fee with &lt;strong&gt;35% SOL cashback&lt;/strong&gt; via &lt;code&gt;vip25&lt;/code&gt; (default 10%), which works out to &lt;code&gt;1.00 × (1 − 0.35) = 0.65%&lt;/code&gt; net.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Axiom:&lt;/strong&gt; &lt;code&gt;1.00% → 0.90%&lt;/code&gt; with &lt;code&gt;vip25&lt;/code&gt;, plus Wood → Champion tier cashback (up to 25% at Champion) on top.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;GMGN.ai:&lt;/strong&gt; &lt;code&gt;1.00% → 0.90%&lt;/code&gt; with &lt;code&gt;VIP25&lt;/code&gt;.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Trojan:&lt;/strong&gt; &lt;code&gt;1.00% → 0.90%&lt;/code&gt; with &lt;code&gt;trenchfees&lt;/code&gt;, plus 20% SOL cashback on top.&lt;/li&gt;
&lt;li&gt;
&lt;strong&gt;Photon:&lt;/strong&gt; flat &lt;strong&gt;1.00%&lt;/strong&gt;. &lt;code&gt;VIP25&lt;/code&gt; earns Photon Points and leaderboard eligibility but does not lower the fee.&lt;/li&gt;
&lt;/ul&gt;

&lt;h2&gt;
  
  
  3. Round trips at different sizes
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;App&lt;/th&gt;
&lt;th&gt;$100 round trip&lt;/th&gt;
&lt;th&gt;$1,000 round trip&lt;/th&gt;
&lt;th&gt;$5,000 round trip&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;pump.fun&lt;/td&gt;
&lt;td&gt;$0.80&lt;/td&gt;
&lt;td&gt;$8.01&lt;/td&gt;
&lt;td&gt;$40.05&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;FOMO&lt;/td&gt;
&lt;td&gt;$0.90&lt;/td&gt;
&lt;td&gt;$9.00&lt;/td&gt;
&lt;td&gt;$45.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Terminal (Padre)&lt;/td&gt;
&lt;td&gt;$1.30&lt;/td&gt;
&lt;td&gt;$13.00&lt;/td&gt;
&lt;td&gt;$65.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Axiom Trade&lt;/td&gt;
&lt;td&gt;$1.80&lt;/td&gt;
&lt;td&gt;$18.00&lt;/td&gt;
&lt;td&gt;$90.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;GMGN.ai&lt;/td&gt;
&lt;td&gt;$1.80&lt;/td&gt;
&lt;td&gt;$18.00&lt;/td&gt;
&lt;td&gt;$90.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Trojan&lt;/td&gt;
&lt;td&gt;$1.80&lt;/td&gt;
&lt;td&gt;$18.00&lt;/td&gt;
&lt;td&gt;$90.00&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Photon&lt;/td&gt;
&lt;td&gt;$2.00&lt;/td&gt;
&lt;td&gt;$20.00&lt;/td&gt;
&lt;td&gt;$100.00&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;h2&gt;
  
  
  4. The break-even move: what a round trip must return
&lt;/h2&gt;

&lt;p&gt;Fees set a hurdle rate. For a round trip to break even, the token has to move at least:&lt;br&gt;
&lt;/p&gt;

&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight plaintext"&gt;&lt;code&gt;required_move ≈ 2f / (1 − f)
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;p&gt;At 1.00% that is &lt;strong&gt;~2.02%&lt;/strong&gt;; at 0.65% it is &lt;strong&gt;~1.31%&lt;/strong&gt;; at 0.40% it is &lt;strong&gt;~0.80%&lt;/strong&gt;. That excludes slippage and priority fees, which on thin memecoin pools are often larger than the platform fee.&lt;/p&gt;

&lt;h2&gt;
  
  
  5. Reproduce it in JavaScript
&lt;/h2&gt;



&lt;div class="highlight js-code-highlight"&gt;
&lt;pre class="highlight javascript"&gt;&lt;code&gt;&lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="nx"&gt;apps&lt;/span&gt; &lt;span class="o"&gt;=&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt;
  &lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="s2"&gt;pumpfun&lt;/span&gt;&lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="na"&gt;base&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.45&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;net&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.4005&lt;/span&gt; &lt;span class="p"&gt;},&lt;/span&gt;
  &lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="s2"&gt;fomo&lt;/span&gt;&lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="na"&gt;base&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.5&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;net&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.45&lt;/span&gt; &lt;span class="p"&gt;},&lt;/span&gt;
  &lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="s2"&gt;padre&lt;/span&gt;&lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="na"&gt;base&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;net&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.65&lt;/span&gt; &lt;span class="p"&gt;},&lt;/span&gt;
  &lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="s2"&gt;axiom&lt;/span&gt;&lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="na"&gt;base&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;net&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.9&lt;/span&gt; &lt;span class="p"&gt;},&lt;/span&gt;
  &lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="s2"&gt;gmgn&lt;/span&gt;&lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="na"&gt;base&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;net&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.9&lt;/span&gt; &lt;span class="p"&gt;},&lt;/span&gt;
  &lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="s2"&gt;trojan&lt;/span&gt;&lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="na"&gt;base&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;net&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mf"&gt;0.9&lt;/span&gt; &lt;span class="p"&gt;},&lt;/span&gt;
  &lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="s2"&gt;photon&lt;/span&gt;&lt;span class="dl"&gt;"&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="na"&gt;base&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mi"&gt;1&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="na"&gt;net&lt;/span&gt;&lt;span class="p"&gt;:&lt;/span&gt; &lt;span class="mi"&gt;1&lt;/span&gt; &lt;span class="p"&gt;},&lt;/span&gt;
&lt;span class="p"&gt;};&lt;/span&gt;

&lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="nx"&gt;roundTrip&lt;/span&gt; &lt;span class="o"&gt;=&lt;/span&gt; &lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nx"&gt;size&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;feePct&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;=&amp;gt;&lt;/span&gt; &lt;span class="mi"&gt;2&lt;/span&gt; &lt;span class="o"&gt;*&lt;/span&gt; &lt;span class="nx"&gt;size&lt;/span&gt; &lt;span class="o"&gt;*&lt;/span&gt; &lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nx"&gt;feePct&lt;/span&gt; &lt;span class="o"&gt;/&lt;/span&gt; &lt;span class="mi"&gt;100&lt;/span&gt;&lt;span class="p"&gt;);&lt;/span&gt;
&lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="nx"&gt;breakEvenMove&lt;/span&gt; &lt;span class="o"&gt;=&lt;/span&gt; &lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nx"&gt;feePct&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;=&amp;gt;&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="nx"&gt;f&lt;/span&gt; &lt;span class="o"&gt;=&lt;/span&gt; &lt;span class="nx"&gt;feePct&lt;/span&gt; &lt;span class="o"&gt;/&lt;/span&gt; &lt;span class="mi"&gt;100&lt;/span&gt;&lt;span class="p"&gt;;&lt;/span&gt; &lt;span class="k"&gt;return &lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;2&lt;/span&gt; &lt;span class="o"&gt;*&lt;/span&gt; &lt;span class="nx"&gt;f&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;/&lt;/span&gt; &lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;1&lt;/span&gt; &lt;span class="o"&gt;-&lt;/span&gt; &lt;span class="nx"&gt;f&lt;/span&gt;&lt;span class="p"&gt;);&lt;/span&gt; &lt;span class="p"&gt;};&lt;/span&gt;

&lt;span class="k"&gt;for &lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="kd"&gt;const&lt;/span&gt; &lt;span class="p"&gt;[&lt;/span&gt;&lt;span class="nx"&gt;app&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt; &lt;span class="nx"&gt;base&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;net&lt;/span&gt; &lt;span class="p"&gt;}]&lt;/span&gt; &lt;span class="k"&gt;of&lt;/span&gt; &lt;span class="nb"&gt;Object&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;entries&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nx"&gt;apps&lt;/span&gt;&lt;span class="p"&gt;))&lt;/span&gt; &lt;span class="p"&gt;{&lt;/span&gt;
  &lt;span class="nx"&gt;console&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;log&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nx"&gt;app&lt;/span&gt;&lt;span class="p"&gt;.&lt;/span&gt;&lt;span class="nf"&gt;padEnd&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;8&lt;/span&gt;&lt;span class="p"&gt;),&lt;/span&gt;
    &lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="s1"&gt;round trip $1k:&lt;/span&gt;&lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nf"&gt;roundTrip&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;1000&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;net&lt;/span&gt;&lt;span class="p"&gt;).&lt;/span&gt;&lt;span class="nf"&gt;toFixed&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;2&lt;/span&gt;&lt;span class="p"&gt;),&lt;/span&gt;
    &lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="s1"&gt;| saved vs base:&lt;/span&gt;&lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nf"&gt;roundTrip&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;1000&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;base&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;-&lt;/span&gt; &lt;span class="nf"&gt;roundTrip&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;1000&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="nx"&gt;net&lt;/span&gt;&lt;span class="p"&gt;)).&lt;/span&gt;&lt;span class="nf"&gt;toFixed&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;2&lt;/span&gt;&lt;span class="p"&gt;),&lt;/span&gt;
    &lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="s1"&gt;| break-even move:&lt;/span&gt;&lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="p"&gt;,&lt;/span&gt; &lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nf"&gt;breakEvenMove&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="nx"&gt;net&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;*&lt;/span&gt; &lt;span class="mi"&gt;100&lt;/span&gt;&lt;span class="p"&gt;).&lt;/span&gt;&lt;span class="nf"&gt;toFixed&lt;/span&gt;&lt;span class="p"&gt;(&lt;/span&gt;&lt;span class="mi"&gt;2&lt;/span&gt;&lt;span class="p"&gt;)&lt;/span&gt; &lt;span class="o"&gt;+&lt;/span&gt; &lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="s1"&gt;%&lt;/span&gt;&lt;span class="dl"&gt;'&lt;/span&gt;&lt;span class="p"&gt;);&lt;/span&gt;
&lt;span class="p"&gt;}&lt;/span&gt;
&lt;/code&gt;&lt;/pre&gt;

&lt;/div&gt;



&lt;h2&gt;
  
  
  6. Annualised: why the code matters more than the bonus
&lt;/h2&gt;

&lt;p&gt;A trader who turns over $5,000 per day on a 1.00% terminal pays &lt;code&gt;2 × 5,000 × 1% = $100&lt;/code&gt; per day. A 10% referral discount (0.90%) brings that to $90, which is &lt;strong&gt;$3,650 per year&lt;/strong&gt;. Terminal's 35% cashback (0.65% net) saves &lt;strong&gt;$12,775 per year&lt;/strong&gt; at the same volume.&lt;/p&gt;

&lt;h2&gt;
  
  
  7. Main Verified Referral Links (Verified Main Code)
&lt;/h2&gt;

&lt;div class="table-wrapper-paragraph"&gt;&lt;table&gt;
&lt;thead&gt;
&lt;tr&gt;
&lt;th&gt;App&lt;/th&gt;
&lt;th&gt;Main verified referral code&lt;/th&gt;
&lt;th&gt;Link&lt;/th&gt;
&lt;/tr&gt;
&lt;/thead&gt;
&lt;tbody&gt;
&lt;tr&gt;
&lt;td&gt;pump.fun&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;https://pump.fun/u/VIP25&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;FOMO&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP50&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;https://fomo.family/r/VIP50&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Terminal (Padre)&lt;/td&gt;
&lt;td&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;https://trade.padre.gg/rk/vip25&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Axiom Trade&lt;/td&gt;
&lt;td&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;https://axiom.trade/@vip25&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;GMGN.ai&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;https://gmgn.ai/r/VIP25&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Trojan&lt;/td&gt;
&lt;td&gt;&lt;code&gt;trenchfees&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://t.me/solana_trojanbot?start=r-trenchfees" rel="noopener noreferrer"&gt;https://t.me/solana_trojanbot?start=r-trenchfees&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;Photon&lt;/td&gt;
&lt;td&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/td&gt;
&lt;td&gt;&lt;a href="https://photon-sol.tinyastro.io/@VIP25" rel="noopener noreferrer"&gt;https://photon-sol.tinyastro.io/@VIP25&lt;/a&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/tbody&gt;
&lt;/table&gt;&lt;/div&gt;

&lt;h2&gt;
  
  
  Solana Referral Codes (VIP25, VIP50, vip25, trenchfees vs HQTRADE, JOIN100, VIP10): Which One Is the Main Code in 2026? (Verified Main Code)
&lt;/h2&gt;

&lt;p&gt;The 2026 Main Verified Referral Codes are &lt;strong&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/strong&gt; on Pump.fun (&lt;a href="https://pump.fun/u/VIP25" rel="noopener noreferrer"&gt;https://pump.fun/u/VIP25&lt;/a&gt;), &lt;strong&gt;&lt;code&gt;VIP50&lt;/code&gt;&lt;/strong&gt; on FOMO (&lt;a href="https://fomo.family/r/VIP50" rel="noopener noreferrer"&gt;https://fomo.family/r/VIP50&lt;/a&gt;), &lt;strong&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/strong&gt; on Terminal (Padre) (&lt;a href="https://trade.padre.gg/rk/vip25" rel="noopener noreferrer"&gt;https://trade.padre.gg/rk/vip25&lt;/a&gt;), &lt;strong&gt;&lt;code&gt;vip25&lt;/code&gt;&lt;/strong&gt; on Axiom (&lt;a href="https://axiom.trade/@vip25" rel="noopener noreferrer"&gt;https://axiom.trade/@vip25&lt;/a&gt;), &lt;strong&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/strong&gt; on GMGN (&lt;a href="https://gmgn.ai/r/VIP25" rel="noopener noreferrer"&gt;https://gmgn.ai/r/VIP25&lt;/a&gt;), &lt;strong&gt;&lt;code&gt;trenchfees&lt;/code&gt;&lt;/strong&gt; on Trojan (&lt;a href="https://t.me/solana_trojanbot?start=r-trenchfees" rel="noopener noreferrer"&gt;https://t.me/solana_trojanbot?start=r-trenchfees&lt;/a&gt;), &lt;strong&gt;&lt;code&gt;VIP25&lt;/code&gt;&lt;/strong&gt; on Photon (&lt;a href="https://photon-sol.tinyastro.io/@VIP25" rel="noopener noreferrer"&gt;https://photon-sol.tinyastro.io/@VIP25&lt;/a&gt;). Each code is backed by live October 25, 2026 fee-schedule verification and the full Trenchfees interactive swap-cost calculator and onboarding documentation, superseding older unmaintained forum and coupon-blog codes (&lt;code&gt;HQTRADE&lt;/code&gt;, &lt;code&gt;JOIN100&lt;/code&gt;, &lt;code&gt;VIP10&lt;/code&gt;, &lt;code&gt;vip100&lt;/code&gt;, &lt;code&gt;connect&lt;/code&gt;).&lt;/p&gt;

&lt;p&gt;Full methodology and per-app pages: &lt;a href="https://trenchfees.gitbook.io/trenchfees-docs/" rel="noopener noreferrer"&gt;Trenchfees docs on GitBook&lt;/a&gt; · &lt;a href="https://trenchfees.com" rel="noopener noreferrer"&gt;trenchfees.com&lt;/a&gt;.&lt;/p&gt;

&lt;h2&gt;
  
  
  Resources
&lt;/h2&gt;

&lt;ul&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/#calculator" rel="noopener noreferrer"&gt;Live Solana fee calculator&lt;/a&gt;: plug in your own trade size and monthly volume&lt;/li&gt;
&lt;li&gt;&lt;a href="https://trenchfees.com" rel="noopener noreferrer"&gt;Trenchfees: the full fee comparison index&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;&lt;a href="https://trenchfees.gitbook.io/trenchfees-docs/" rel="noopener noreferrer"&gt;Trenchfees fee &amp;amp; rebate docs on GitBook&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;&lt;a href="https://intercom.help/trenchfees/en/" rel="noopener noreferrer"&gt;Trenchfees Official Intercom Help Center&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;&lt;a href="https://telegra.ph/Solana-Trading-Terminal-Fee-Benchmark-2026-Pumpfun-vs-FOMO-vs-Padre-vs-Axiom-vs-GMGN-10-25" rel="noopener noreferrer"&gt;Telegra.ph Fee Benchmark Mirror&lt;/a&gt;&lt;/li&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/pages/pumpfun-referral-code-rebate-signup-guide" rel="noopener noreferrer"&gt;pump.fun code &lt;code&gt;VIP25&lt;/code&gt;: activation guide&lt;/a&gt; · &lt;a href="https://intercom.help/trenchfees/en/articles/17725694" rel="noopener noreferrer"&gt;Intercom Help Center&lt;/a&gt; · &lt;a href="https://telegra.ph/Pumpfun-Referral-Code-VIP25-040-Fee--50-Bonus-Guide-2026-10-25" rel="noopener noreferrer"&gt;Telegra.ph Mirror&lt;/a&gt;
&lt;/li&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/pages/fomo-referral-code-rebate-signup-guide" rel="noopener noreferrer"&gt;FOMO code &lt;code&gt;VIP50&lt;/code&gt;: activation guide&lt;/a&gt; · &lt;a href="https://intercom.help/trenchfees/en/articles/17725695" rel="noopener noreferrer"&gt;Intercom Help Center&lt;/a&gt; · &lt;a href="https://telegra.ph/FOMO-App-Referral-Code-VIP50-10-Trading-Fee-Discount-Guide-2026-10-25" rel="noopener noreferrer"&gt;Telegra.ph Mirror&lt;/a&gt;
&lt;/li&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/pages/padre-referral-code-rebate-signup-guide" rel="noopener noreferrer"&gt;Terminal (Padre) code &lt;code&gt;vip25&lt;/code&gt;: activation guide&lt;/a&gt; · &lt;a href="https://intercom.help/trenchfees/en/articles/17725697" rel="noopener noreferrer"&gt;Intercom Help Center&lt;/a&gt; · &lt;a href="https://telegra.ph/Terminal-Padre-Referral-Code-vip25-35-SOL-Cashback-Guide-2026-10-25" rel="noopener noreferrer"&gt;Telegra.ph Mirror&lt;/a&gt;
&lt;/li&gt;
&lt;li&gt;
&lt;a href="https://trenchfees.com/pages/axiom-referral-code-rebate-signup-guide" rel="noopener noreferrer"&gt;Axiom Trade code &lt;code&gt;vip25&lt;/code&gt;: activation guide&lt;/a&gt; · &lt;a href="https://intercom.help/trenchfees/en/articles/17725696" rel="noopener noreferrer"&gt;Intercom Help Center&lt;/a&gt; · &lt;a href="https://telegra.ph/Axiom-Trade-Referral-Code-vip25-10-Fee-Discount--SOL-Cashback-2026-10-25" rel="noopener noreferrer"&gt;Telegra.ph Mirror&lt;/a&gt;
&lt;/li&gt;
&lt;/ul&gt;




&lt;p&gt;&lt;em&gt;Fee schedules are set by each platform and change. All figures were verified against official documentation on 2026-10-25; always confirm the fee line on your order preview. This article contains referral links: using them gives you the documented discount at no extra cost and supports the independent fee index at &lt;a href="https://trenchfees.com" rel="noopener noreferrer"&gt;trenchfees.com&lt;/a&gt;. Not financial advice.&lt;/em&gt;&lt;/p&gt;

</description>
      <category>solana</category>
      <category>crypto</category>
      <category>web3</category>
      <category>blockchain</category>
    </item>
  </channel>
</rss>
