Crypto Social Trading App fomo Surpasses Coinbase in US App Store Rankings
fomo, a mobile app for crypto social trading, has reached its highest ranking in the US App Store's Finance category, surpassing Coinbase. In August, fomo generated $13.8 million in revenue with an annualized run rate of $165.6 million. Despite this success, only 0.06% of users cleared over $10K in profits.
The GMCI AI index has increased by 27.5% over the past 30 days, driven by the rise of AI-related tokens such as VVV, which rose 40% to a record high on September 9th. The catalyst for this increase was NYU mathematician Tristan Buckmaster's public dispute with OpenAI's claim to solving the Navier-Stokes problem.
Stablecoin market cap on Robinhood Chain crossed $1 billion earlier this week, up 12% from last week and 72% from a month ago. However, it is unclear whether this growth represents net new stablecoin issuance or rotations from competing blockchains.