Fomo Overtakes Pump.funs Daily Solana Revenue Amid Growing Competition

Fomo, a social crypto trading app on Solana, generated $1.76 million in protocol revenue on September 4, surpassing Pump.fun's $1.1 million on the same day, according to DefiLlama data.

The milestone marks the latest sign that Solana's memecoin infrastructure is no longer a one-platform market.

Fomo raised $75 million in a Series B led by Index Ventures in June 2023 at a $550 million valuation and has over 625,000 users with over $4 billion in cumulative trading volume, according to Solana Compass.

While Fomo's daily revenue outpaced Pump.fun's, the latter still dominates monthly revenue, collecting $57 million in 30-day revenue compared to Fomo's $17.6 million over the same period.