Social Trading App Fomo Surpasses Pump.fun in Daily Revenue on Solana

Social trading platform Fomo briefly outpaced memecoin launchpad Pump.fun in daily revenue on Solana, generating $1.76 million on Friday compared to Pump.fun’s $1.1 million, according to data from DefiLlama. Despite the one day win, Pump.fun continues to hold a strong lead over longer stretches, pulling in more than $57 million over the past 30 days against Fomo’s $17.6 million.

A Different Approach to Crypto Trading

Fomo blends crypto trading with social media style features, letting users follow and view other traders’ activity in real time. The platform raised $75 million in a Series B funding round in June, led by Index Ventures, pushing its valuation to $550 million. The company has also reported that more than 68,000 users made their first crypto purchase through the app using Apple Pay, contributing roughly $25 million in transaction volume.

Expanding Beyond Spot Trading

Earlier this year, Fomo broadened its offerings by introducing perpetual futures contracts powered by Hyperliquid for users outside the United States. The company has also paid out more than $2 million in referral fees to date, part of a broader push to grow its user base and compete with established players in the Solana ecosystem.