FOMO, a social trading app on Solana launched in 2025, generated about US$234,500 in 24-hour revenue on Sunday, according to DefiLlama, surpassing Phantom's wallet at about US$123,500 and Jupiter's swap aggregator at about US$81,000. The revenue surge positioned FOMO seventh among Solana protocols by daily revenue within weeks. FOMO combines copy trading with social features, allowing users to follow and mirror other traders' positions, and raised US$75 million in Series B funding in June at a US$550 million valuation led by Index Ventures.
FOMO Records US$234,500 Daily Revenue on Sunday
DefiLlama showed FOMO's 24-hour revenue at about US$234,500 on Sunday, ahead of Phantom's wallet at US$123,500 and Jupiter's aggregator at US$81,000. The lead shifted through the day as the apps' 24-hour measurement windows overlap and the figures moved against each other. DefiLlama lists Jupiter's products separately, counting its perpetuals exchange, lending arm and swap aggregator as individual line items. FOMO also earns builder fees from perpetuals on Hyperliquid, where DefiLlama records a separate revenue line of about US$4,700 for the same day.
FOMO Combines Copy Trading With Social Feed and Gasless Swaps
FOMO combines copy trading with social features, letting users follow other traders and mirror their positions. The app runs a leaderboard of top traders, a feed of users' latest trades, and gasless cross-chain swaps, and it does not hold customer funds. Perpetual futures trading was added in June. The company was founded by Paul Erlanger, Se Yong Park and Prashan Dharmasena, three engineers who previously worked at the crypto exchange dYdX. The app is onboarding about 3,500 new users a day with a team of 17 people, according to Fortune's reporting on the company, and its seed round drew 140 angel investors.
Index Ventures Leads US$75 Million Series B Funding Round in June
FOMO raised US$75 million in Series B funding in June at a US$550 million valuation. Index Ventures led the round, with participation from Union Square Ventures and angel investors including Zynga co-founder Mark Pincus, Eventbrite co-founder Kevin Hartz and Discord CEO Humam Sakhnini. The company said it plans to use the capital to hire engineers and weigh acquisitions of smaller companies.
FAQ
What revenue did FOMO generate on Sunday?
FOMO generated about US$234,500 in 24-hour revenue on Sunday, according to DefiLlama, ahead of Phantom's wallet at about US$123,500 and Jupiter's swap aggregator at about US$81,000.
Who founded FOMO and what is their background?
FOMO was founded by Paul Erlanger, Se Yong Park and Prashan Dharmasena, three engineers who previously worked at the crypto exchange dYdX. The app is onboarding about 3,500 new users a day with a team of 17 people.
How much funding did FOMO raise in its Series B round?
FOMO raised US$75 million in Series B funding in June at a US$550 million valuation. Index Ventures led the round, with participation from Union Square Ventures and angel investors including Zynga co-founder Mark Pincus, Eventbrite co-founder Kevin Hartz and Discord CEO Humam Sakhnini.
