Social trading application Fomo generated $1.76 million in daily revenue Friday, outperforming memecoin launchpad Pump.fun's $1.1 million, according to DefiLlama data.
Despite the single-day lead, Pump.fun maintains a substantial advantage over longer durations. Pump.fun recorded over $57 million in revenue during the past 30 days, compared with Fomo's $17.6 million over the same period.
Fomo's platform integrates cryptocurrency trading with social functionalities, allowing users to view and replicate other traders' actions. The model enables community-driven on-chain trading.
The platform closed a $75 million Series B funding round in June, led by Index Ventures, at a $550 million valuation.
Fomo expanded beyond spot trading on June 11 with perpetual futures contracts for users outside the United States, powered by Hyperliquid. The platform also rolled out a referral program; by June 2, Fomo had paid out more than $2 million in referral fees.
Fomo reported that more than 68,000 users made their initial cryptocurrency purchase on the platform using Apple Pay, generating approximately $25 million in transaction volume.
