Social trading app Fomo posted higher daily revenue than Pump.fun on Friday, according to DefiLlama, marking a short-term lead over one of Solana’s best-known memecoin launchpads. Fomo generated $1.76 million for the day, compared with $1.1 million for Pump.fun. The gap flips over longer periods: in the past 30 days, Pump.fun brought in more than $57 million, while Fomo recorded $17.6 million.
Fomo blends crypto trading with social features that resemble a social media feed, letting users view other users’ trades. The company has also been expanding quickly this year. In June, it closed a $75 million Series B led by Index Ventures at a $550 million valuation. It also said more than 68,000 users made their first crypto purchase on the app through Apple Pay, representing about $25 million in transaction volume.
Beyond spot trading, Fomo launched perpetual futures powered by Hyperliquid on June 11 for users outside the US. Earlier, on June 2, the company said it had paid users more than $2 million in referral fees.
Social trading platform Fomo generated more daily revenue than memecoin launchpad Pump.fun on Friday.
According to DefiLlama data, Fomo brought in $1.76 million in daily revenue, while Pump.fun posted $1.1 million.
Pump.fun stays ahead over 30 days
The longer-term comparison still favors Pump.fun. Over the past 30 days, Pump.fun generated more than $57 million, versus $17.6 million for Fomo.
Fomo’s product model and user figures
Fomo combines cryptocurrency trading with social features designed like a social media feed. Users on the platform can view other users’ trades.
In June, Fomo closed a $75 million Series B 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 through Apple Pay, accounting for about $25 million in transaction volume.
Expansion beyond spot trading
Fomo also widened its product lineup this year beyond spot trading. On June 11, it launched perpetual futures powered by Hyperliquid for users outside the US.
On June 2, the company said it had paid users more than $2 million in referral fees.
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