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Fomo
2026-09-04 07:57:08

Fomo address-tracking tools are spreading on X, but one long-form industry critique says the old “smart money” playbook is already breaking down

A long essay published by Ant.fun and carried by MarsBit argues that the surge of tools designed to map Fomo usernames to on-chain wallets, and vice versa, reflects a market habit that may no longer work. The article says those tools were built for a world where profitable wallets were controlled by identifiable individuals whose trades could be tracked and copied. In the author’s view, Fomo changes that premise because the winning accounts on the platform may be shaped less by individual edge and more by platform-level traffic allocation, incentives, and growth operations. The piece frames Fomo not as a better trading bot or a wallet wrapper, but as a platform with three layers: an account system, a social graph, and control over distribution. It also ties that thesis to Fomo’s backers, naming Benchmark Capital and Index Ventures as consumer internet investors rather than traditional crypto VCs, and argues that this shifts the valuation logic from token metrics toward mobile internet metrics such as user growth, retention, and monetization. From there, the article broadens into a larger claim about market structure. It says on-chain trading infrastructure is now taking shape across issuance, social accounts, spot activity, and derivatives through firms such as Pump.fun, Fomo, Hyperliquid, and trade.xyz, and that this infrastructure is being built by Western companies. In that framework, the old Chinese-language “smart money” narrative loses force because the market is rewarding platform control, not just informational advantage.

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Fomo address-tracking tools are spreading on X, but one long-form industry critique says the old “smart money” playbook is already breaking down
fomo
2026-09-02 10:18:12

fomo rides Robinhood Chain trading surge as user growth, referrals and data infrastructure reshape its business

fomo has emerged as one of the most visible winners in the scramble for users and order flow tied to Robinhood Chain trading. Data from a Dune dashboard by Adam Tehc showed that on Aug. 31, GMGN accounted for about 43.6% of Robinhood Chain trading terminal volume and fomo took roughly 35.6%, putting their combined share near 79.2%. Within fomo itself, Robinhood Chain made up about 75% of daily volume that day, ahead of Solana at around 20%, BNB Chain at 3.4% and Base at 1%, based on the latest chart interval cited by the source. The company’s own numbers point to a sharp expansion. fomo said its total user count had passed 1.9 million as of Aug. 31, with more than 1.2 million users active in August and more than 30,000 new users joining each day. Monthly trading volume rose from $500 million in June to $1.5 billion in July, and the company projected August volume above $2.8 billion. It also estimated about $17 million in monthly revenue for August, equivalent to more than $200 million on an annualized basis. The article links that growth to three connected mechanisms — referrals, Trader Rewards and Clans — as well as a broader product buildout across web trading, perpetuals and cross-chain access. On the infrastructure side, fomo said it acquired proprietary software and intellectual property developed by Mobula, while Axios, citing CEO Paul Erlanger, reported the deal was worth $17 million.

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fomo rides Robinhood Chain trading surge as user growth, referrals and data infrastructure reshape its business
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