Fomo, a social trading platform, generated $1.76 million in daily revenue on Friday, Sept. 4, surpassing memecoin launchpad Pump.fun's $1.1 million, according to DefiLlama data.
Over longer timeframes, however, Pump.fun maintains its edge. The launchpad accrued more than $57 million in revenue over the past 30 days compared to Fomo's $17.6 million.
Fomo's platform lets users observe and replicate other traders' positions, a social layer designed to differentiate its on-chain experience. The platform completed a Series B funding round in June, raising $75 million led by Index Ventures at a $550 million valuation.
User acquisition has been a focus. Fomo reported that more than 68,000 users initiated their first crypto purchase through Apple Pay on the platform, contributing roughly $25 million to total transaction volume.
Fomo expanded into perpetual futures in June, powered by Hyperliquid, the Layer 1 blockchain for on-chain derivatives. The derivatives product is available to users outside the United States.
The platform also runs a referral program that had distributed more than $2 million in fees by early June.
