GMGN AI generates $2.11 million in 24-hour revenue via copy trading

GMGN AI, a crypto protocol operating primarily on Solana, generated $2.11 million in revenue within a single 24-hour period. According to DefiLlama, this performance ranks the platform third among tracked crypto protocols, trailing only Tether and Circle, and surpassing Robinhood Chain’s $1.91 million.

Over the last 30 days, the platform processed $4.7 billion in trading volume and generated $45.5 million in fees, with $37.26 million classified as protocol revenue. The growth is driven by retail traders utilizing copy trading tools to follow ‘whale’ wallets in hopes of achieving high returns.

Despite the revenue surge, experts note significant risks. Retail traders often accept high slippage—the difference between expected and actual execution prices—to follow large holders. However, followers frequently enter trades at worse prices than the original whales and may lack knowledge regarding the whales' actual exit strategies or hedged positions.