Social trading platform Fomo generated $1.76 million in daily revenue on Friday, outperforming memecoin launchpad Pump.fun, which recorded $1.1 million, according to DefiLlama data.
Despite the single-day lead, Pump.fun maintained higher cumulative revenue. Pump.fun generated more than $57 million over the past 30 days, while Fomo recorded $17.6 million during the same timeframe.
Fomo integrates spot trading with social features, letting users view other traders' positions in real time. On June 11, the platform launched perpetual futures contracts for non-U.S. users via Hyperliquid's Layer 1 infrastructure.
The expansion follows a $75 million Series B in June led by Index Ventures, valuing Fomo at $550 million. Over 68,000 users made their first crypto purchase on Fomo using Apple Pay, accounting for approximately $25 million in transaction volume.
Fomo has paid users more than $2 million in referral fees since June 2, signaling active incentive-driven growth.
Hyperliquid, the purpose-built L1 powering Fomo's perpetual futures, has established itself as a dedicated on-chain derivatives venue. Its native token, HYPE, trades at $88.09.
