Social Trading Platform Fomo Surpasses Pump.fun in Daily Revenue
Fomo generated $1.76 million on Friday, outpacing Pump.fun's $1.1 million, according to DefiLlama data.
Quick Look
Social trading platform Fomo generated $1.76 million in daily revenue on Friday, surpassing memecoin launchpad Pump.fun's $1.1 million, although Pump.fun maintains a larger lead over a 30-day period.
AI-generated summary
Why It Matters
Fomo closed a $75 million Series B round led by Index Ventures in June, valuing the platform at $550 million.
Social trading platform Fomo generated more daily revenue than memecoin launchpad Pump.fun on Friday.
Fomo generated $1.76 million in daily revenue on Friday, compared with Pump.fun’s $1.1 million, according to DefiLlama data.
Pump.fun remains ahead over longer periods. It generated more than $57 million over the past 30 days, compared with $17.6 million for Fomo.
Fomo combines cryptocurrency trading with social features resembling a social media feed. The platform allows users to view other users’ trades.
In June, Fomo closed a $75 million Series B round led by Index Ventures, valuing the social trading app at $550 million.
The company said more than 68,000 users made their first cryptocurrency purchase on the platform using Apple Pay, accounting for about $25 million in transaction volume.
Fomo also expanded its offering beyond spot trading this year. On June 11, it launched perpetual futures contracts powered by Hyperliquid for users outside the US.
The company said on June 2 that it had paid users more than $2 million in referral fees.
Open Questions
- Will Fomo maintain higher daily revenue than Pump.fun?
- How will 30-day revenue figures shift over the next quarter?
