Fomo Overtakes Pump.fun in Daily Revenue on Solana
Social trading platform Fomo surged past memecoin launchpad Pump.fun in daily revenue on Solana, according to DefiLlama data. On Friday, Fomo generated $1.76 million in daily revenue, outpacing Pump.fun's $1.1 million.
While Pump.fun remains ahead over longer periods, generating more than $57 million over the past 30 days compared to Fomo's $17.6 million, Fomo is gaining ground with its innovative approach combining cryptocurrency trading and social features. The platform allows users to view other users' trades, mimicking a social media feed.
Fomo made headlines in June when it closed a $75 million Series B round led by Index Ventures, valuing the social trading app at $550 million. The company also announced that over 68,000 users made their first cryptocurrency purchase on the platform using Apple Pay, accounting for about $25 million in transaction volume.