Social trading apps are gaining momentum as a driver of the current onchain rally, with weekly trading volume approaching $1.3 billion, according to data cited by Syncracy Capital co-founder Ryan Watkins. Speaking on Sept. 1, Watkins said these platforms will bring together market data, public trading records, discussion and trade execution. He predicted the emergence of individual traders displaying nine-figure trading results, profit-and-loss leaderboard users with large followings, and online groups commanding significant capital. Watkins also suggested that the next Roaring Kitty could surface through a social trading app. On-chain metrics for the week ending Aug. 24 put social trading app weekly volume near $1.3 billion. Meanwhile, Fomo and Pump have each drawn 60,000 to 100,000 daily active users, approaching the user numbers of Polymarket, Hyperliquid and Phantom. The figures highlight the growing role of social trading apps in the current onchain rally.
Watkins: Social Trading Apps Merge Data, Execution and Discussion
Syncracy Capital co-founder Ryan Watkins said on Sept. 1 that social trading applications will combine market data, public trading records, discussion and trade execution. In his view, that could produce individual traders showing nine-figure trading results, profit-and-loss leaderboard users with large followings, and online groups that control significant capital. The next Roaring Kitty, he said, might come out of a social trading app.
Weekly Volume Approaches $1.3 Billion
For the week ending Aug. 24, weekly volume on social trading apps was close to $1.3 billion. Fomo and Pump have daily active users in the 60,000 to 100,000 range, nearing the numbers seen on Polymarket, Hyperliquid and Phantom.
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