Fomo, a social trading platform on Solana, generated $1.76 million in daily revenue on Sept. 4, surpassing Pump.fun's $1.1 million on the same day, according to DefiLlama data.
Despite the single-day lead, Pump.fun maintained dominance over 30 days. Pump.fun generated more than $57 million in revenue over the past month, while Fomo accumulated $17.6 million during the same timeframe. Pump.fun has held the top position in Solana's memecoin infrastructure for nearly two years.
Fomo integrates token trading with social features that allow users to view and replicate other traders' positions. The platform operates as a self-custodial, gasless swap application on Solana, designed to onboard users in roughly 30 seconds.
Fomo secured a $75 million Series B round in June led by Index Ventures, valuing the company at $550 million.
Over 68,000 users completed their first crypto purchase on Fomo using Apple Pay, contributing approximately $25 million to total volume.
Fomo launched perpetual futures contracts outside the United States on June 11, powered by Hyperliquid. The platform also disclosed $2 million in referral fees disbursed to users as of June 2, designed to incentivize user acquisition and engagement.
