Social trading platform Fomo generated $1.76 million in daily revenue on Friday, Sept. 4, according to DefiLlama data, surpassing memecoin launchpad Pump.fun's $1.1 million on the same day.
Over 30 days, however, Pump.fun maintains a significant advantage, recording $57 million in revenue compared with Fomo's $17.6 million.
Fomo integrates trading with social discovery, allowing users to observe and replicate trades from other users on the platform. In June, the platform closed a Series B funding round led by Index Ventures, securing $75 million at a $550 million valuation.
The platform has acquired over 68,000 users through Apple Pay onboarding, generating approximately $25 million in transaction volume through that channel. Fomo has also distributed more than $2 million in referral fees to users.
Fomo launched perpetual futures contracts powered by Hyperliquid on June 11, extending beyond spot trading. The perps offering is available to users outside the United States.
