Trojan

Trojan is a self-custodial on-chain trading platform built for the Solana ecosystem that gives retail traders direct access to institutional-grade execution tools — limit orders, dollar-cost averaging, sniper automation, and copy trading — without requiring them to leave Telegram or connect to a third-party custodian. What began in January 2024 as a Telegram bot has since expanded into a multi-surface product suite: the original bot, a web-based Terminal, and a full Onchain Exchange (OEX) that layers in perpetuals and cross-asset trading.

Origins and Background

Trojan was founded by a team that broke off from Unibot, one of the earliest Ethereum-based Telegram trading bots. The founder, known publicly as Reethmos, built Trojan specifically for Solana's faster and cheaper transaction environment, recognizing that the network's sub-second finality and near-zero gas costs made it far better suited to high-frequency retail trading than Ethereum. The project launched on January 4, 2024 and grew rapidly alongside the Solana memecoin cycle of that year.

Core Mechanism

Trojan routes trades through Solana's decentralized exchange infrastructure — primarily Raydium and Pump.fun pools — directly from within Telegram or the web Terminal. The platform is fully self-custodial: user private keys are encrypted using industry-standard encryption, and no one at Trojan has access to them. Users can also import existing Solana wallets or export keys at any time for use in external wallets.

Price feeds refresh every 0.04 seconds, enabling the platform to surface market movement data faster than most DEX aggregators display it. Execution happens on-chain: when a user submits an order, it routes through Solana's DEX layer and settles on the blockchain with standard SPL and Token22 extension support.

Trading Products

Telegram Bot — The original product, accessible via @odysseus_trojanbot. Users send a token contract address or mint link to the bot, configure slippage and priority fee settings, and execute swaps with a single tap. A simple mode strips the interface down to basic buy/sell for new users; an advanced mode exposes the full feature set.

Trojan Terminal — A web-based trading interface that consolidates launch screening, automation, and portfolio management in a single browser window. The Terminal reduces context-switching between chart tools, Discord alpha channels, and DEX UIs that characterize most on-chain trading workflows. It features custom filtering for token launch discovery and integrates the same automation stack as the bot.

Onchain Exchange (OEX) — Announced in early 2026, the OEX expands Trojan's scope beyond Solana spot trading into derivatives and cross-asset markets. Perpetuals infrastructure is powered by Hyperliquid, and the product integrates MetaMask for wallet access, widening the addressable user base beyond Solana-native participants.

Order Types and Automation

Trojan supports five distinct order modes beyond a basic market swap:

• Limit Orders: Triggered by price targets (absolute or percentage-based), on-chain market events such as a developer selling tokens, or scheduled time-based execution.
• DCA (Dollar-Cost Averaging): Positions scale into or out of tokens over configurable intervals ranging from minutes to days, with optional price range constraints.
• Auto Sniper: Automated token launch targeting using customizable filters for liquidity thresholds, market cap boundaries, and developer holding limits.
• Migration Sniper: Captures liquidity transitions from Pump.fun bonding curves to DEX pools, enabling entry at the moment new Raydium markets open.
• Copy Trading: Mirrors the on-chain activity of selected wallets with granular controls — fixed or relative buy sizing, selective sell copying, and minimum liquidity and market cap filters to reduce exposure to low-quality copied trades.

Bundle Buys allow simultaneous deployment across up to 10 wallets for coordinated entry strategies. Auto Sell creates limit orders automatically when a position is opened, applying stop-loss and take-profit targets without manual intervention.

MEV Protection and Security

Trojan includes configurable MEV protection that routes transactions through private channels to prevent detection in the Solana mempool, reducing exposure to front-running and sandwich attacks. Protection can be toggled independently for buys and sells, allowing users to prioritize either execution speed or transaction security depending on market conditions.

Additional protective layers include a sell protection gate that requires confirmation before selling more than 75% of any token balance, and an optional Secure Action Password (SAP) that adds a second authentication step to sensitive operations such as wallet exports and withdrawals. No third-party smart contract security audit is publicly documented, though the platform's non-custodial design limits the attack surface to individual wallet key management rather than pooled funds.

Referral and Fee Structure

Trojan charges a flat 1% fee on successful transactions, reduced to 0.9% for users referred by another account. Fees apply only to completed swaps — failed transactions do not incur a charge. The referral program operates across five levels with up to 35-45% revenue sharing and daily payouts to custom wallet addresses. Within its first six months, Trojan distributed over $18 million in referral rewards.

An ETH-SOL bridge is available within the bot interface, processing cross-chain asset transfers in approximately 18-35 minutes.

Scale and Ecosystem Position

By mid-2025, Trojan had surpassed $25 billion in cumulative trading volume across more than 155 million executed trades, with over 2 million lifetime registered users and approximately 60,000-62,000 daily active participants. A single day in January 2025 produced $363 million in trading volume, over 800,000 individual trades, and $2.8 million in fee revenue. Data aggregator DeFiLlama ranked Trojan as the 21st highest revenue-generating application across all blockchains at that time.

Within the Solana ecosystem, Trojan competes with other Telegram-based and web trading interfaces including Photon, Axiom, and GMGN.ai. Its combination of a mature referral network, Pump.fun sniper integration, and the transition toward a multi-product terminal has positioned it as one of the leading retail entry points for on-chain Solana trading. The platform's expansion into perpetuals via the OEX represents a push toward capturing more professional trading volume as the memecoin cycle that drove its initial growth matures.