According to data from DefiLlama, social‑trading platform Fomo recorded $1.76 million in revenue on Friday, exceeding the $1.1 million generated by memecoin launchpad Pump.fun on the same day.
Over a 30‑day period, Pump.fun retained a larger share of the market, posting more than $57 million in revenue compared with Fomo’s $17.6 million.
Fomo blends cryptocurrency trading with a social‑media‑style feed that lets users view the trades of others. The platform reported that over 68,000 users made their first crypto purchase via Apple Pay, accounting for roughly $25 million in transaction volume.
In June, Fomo closed a $75 million Series B financing round led by Index Ventures, valuing the company at $550 million. The same month the firm expanded beyond spot trading, launching perpetual futures contracts powered by Hyperliquid for users outside the United States.
Fomo also disclosed that it had paid more than $2 million in referral fees to users as of early June.
