Fomo Overtakes Pump.fun as Solana's Top Protocol by Daily Revenue
Fomo, a social trading platform, has surpassed Pump.fun as Solana's top protocol in terms of daily revenue. According to data from Traders Union, Fomo generated $1.76 million on Friday, outpacing Pump.fun's $1.1 million.
However, when looking at the past 30 days, Pump.fun still leads with over $57 million in revenue compared to Fomo's $17.6 million. This is notable considering Pump.fun has been a major driver of activity on Solana, particularly with its memecoin launches.
Fomo combines cryptocurrency trading with social media features, allowing users to follow other traders' transactions and interact with trading content in a familiar format. The platform has seen significant growth this year, including raising $75 million in a Series B funding round led by Index Ventures in June, valuing the company at $550 million.