Social trading platform Fomo surpasses Pump.fun in daily revenue on Solana with $1.76 million earned Friday
Fomo generated $1.76 million in daily revenue, exceeding Pump.fun's $1.1 million for the first time. Despite this daily lead, Pump.fun remains ahead over the longer term with $57 million versus Fomo's $17.6 million in thirty days.
On Friday, social trading platform Fomo generated more daily revenue than memecoin launchpad Pump.fun on the Solana network. DefiLlama data showed Fomo earned $1.76 million compared to Pump.fun's $1.1 million. Pump.fun still holds the longer-term lead; it collected more than $57 million in the past thirty days, while Fomo generated $17.6 million during the same period. Fomo combines cryptocurrency trading with social media-like features allowing users to view other participants' trades. In June, the company closed a $75 million Series B funding round led by Index Ventures, valuing the application at $550 million. The company reported that over 68,000 users made their first cryptocurrency purchase via Apple Pay on the platform, representing approximately $25 million in transaction volume. Fomo expanded its offerings beyond spot trading this year. On June 11, it launched perpetual futures contracts powered by Hyperliquid for international users. In addition to product launches, the company stated it paid over $2 million in referral fees to users as of June 2.
