Social trading application Fomo generated $1.76 million in daily revenue on Friday, surpassing memecoin launchpad Pump.fun, which recorded $1.1 million, according to DefiLlama data.
Over longer periods, Pump.fun maintained its lead. Pump.fun generated more than $57 million in revenue over 30 days, while Fomo recorded $17.6 million during the same timeframe.
Fomo integrates cryptocurrency trading with social features, allowing users to view other traders' activities directly within its feed. On June 11, the platform launched perpetual futures contracts for users outside the United States, powered by Hyperliquid, a purpose-built Layer 1 for on-chain perpetual futures.
Fomo completed a Series B funding round in June, raising $75 million led by Index Ventures and valuing the platform at $550 million.
The platform reported significant user acquisition through Apple Pay. Over 68,000 users made their initial cryptocurrency purchase on Fomo using Apple Pay, accounting for approximately $25 million in total transaction volume. By June 2, Fomo had distributed more than $2 million in referral fees to users.
