fomo co-founder Se Yong says platform has 1.3 million users and is betting on mobile social trading

fomo co-founder Se Yong said in an Aug. 12 interview that the social meme trading platform has reached about 1.3 million users and is adding roughly 30,000 new users a day. He said the company is not trying to become a traditional pro-grade meme trading terminal. Instead, it wants to simplify cross-chain trading, make trust visible through public rankings, and turn trading into a social product that can reach users beyond crypto-native circles. In the interview, Se Yong also described how he first entered crypto through trading on Avalanche in 2021, how painful cross-chain flows on Base helped shape the product idea behind fomo, and why he sees mobile trading and social trading as the two core directions for the platform. He said the team wants users to think less about whether funds sit on SOL, ETH, or BNB and more about having a single usable balance. Se Yong added that fomo recently launched Clans, a new social feature that lets users join groups, view holdings, and compete on public leaderboards. Over time, he said, the feature could expand into internal chat, recruiting, subscriptions, shared treasuries, and even public clan addresses for airdrops. On competition, he said rival products are healthy and that fomo’s goal is to grow the overall market rather than protect a narrow slice of existing crypto users.