Photon vs BullX
BullX is suspended (Trading in the current app suspended from 2026-06-01 00:00 UTC; wallet functions and withdrawals remain. bullx.io redirects to the wallet manager as of 2026-10-16.). Pick Photon if you are solana traders already using Photon; verify current fees on the site before trading. Pick BullX if you are existing BullX users who need to withdraw funds; trading is suspended.
Checked 2026-10-16 · both venues' fee pagesPhoton
Photon is a web trading terminal for Solana tokens. DefiLlama has tracked it since January 2024, with about $442M in lifetime revenue, though activity has fallen sharply since 2025.
BullX
BullX was a Telegram-linked memecoin trading terminal (BullX NEO). Trading was suspended on 2026-06-01 with only wallet and withdrawal functions left running.
Side by side
| Photon | BullX | |
|---|---|---|
| Type | Trading terminal | Trading terminal |
| Status | live | suspended |
| Chains | Solana | Solana |
| Platforms | web | web, telegram |
| Custody | unverified | embedded-wallet |
| KYC | unknown | none |
| Platform fee, round trip | — | 2% |
| $1,000 round trip | — | $20.00 |
| Referral discount | — | — |
| Perps taker / maker | — | — |
| United States | Unverified | Unverified |
| United Kingdom | Unverified | Unverified |
| European Union | Unverified | Unverified |
| Launched | — | — |
| Reported incidents | 0 | 2 |
Features
| Feature | Photon | BullX |
|---|---|---|
| limit orders | — | ✓ |
| wallet tracker | — | ✓ |
| multi-chart | — | ✓ |
| automation | — | ✓ |
| telegram login | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Photon: watch out for
- Monthly revenue fell about 92% from Sep 2025 to Sep 2026, per DefiLlama.
- No fee schedule or referral terms could be verified from official sources.
- Solana only, per DefiLlama.
BullX: watch out for
- Trading suspended since 2026-06-01 with no relaunch date.
- The promised $BULLX airdrop never launched.
- Private keys can be downloaded only once, per the docs.
Buttons are DexSheet referral links: the venue may share part of your fees with us, and you often get a discount. Disclosure.
FAQ
Is Photon better than BullX?
BullX is suspended (Trading in the current app suspended from 2026-06-01 00:00 UTC; wallet functions and withdrawals remain. bullx.io redirects to the wallet manager as of 2026-10-16.). Pick Photon if you are solana traders already using Photon; verify current fees on the site before trading. Pick BullX if you are existing BullX users who need to withdraw funds; trading is suspended.
Which is cheaper, Photon or BullX?
We could not compare published fees for both.
Can I use Photon or BullX in the US?
Photon: unverified. BullX: unverified. Based on each venue's own terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Photon official site (blocked automated access) — checked 2026-10-16
- DefiLlama Photon revenue — checked 2026-10-16
- DefiLlama Photon fee adapter — checked 2026-10-16
- BullX official site (redirects to /walletManager) — checked 2026-10-16
- BullX NEO Docs: Fees and Gas — checked 2026-10-16
- BullX NEO Docs: Getting Started — checked 2026-10-16
- BullX NEO Docs: Wallet Manager — checked 2026-10-16
- Phemex News: BullX suspends trading — checked 2026-10-16
- OurCryptoTalk: BullX shutdown and airdrop — checked 2026-10-16