FOMO Social Trading App Holds Third in Solana Protocol Revenue for a Full Week

FOMO ranked third among Solana protocols in seven-day revenue through July 16, according to DeFiLlama data flagged by @SolanaFloor. What looked like a one-day overlap when we first covered it on July 12 has instead settled into a sustained position across a full weekly window.

The app generated $1.39 million in total weekly revenue over the seven days ending July 16. On Solana specifically, that figure was $1.34 million, ahead of Phantom CASH$1.000+0.0%Phantom's $1.2 million in Solana-chain revenue for the same period and well above Jupiter JUP$0.198-1.3%Jupiter's $915,000. Pump.fun leads the Solana revenue table by a significant margin at $5.51 million for the week.

By total seven-day revenue across all chains, Phantom edges FOMO narrowly ($1.44 million to $1.39 million) because Phantom earns additional fees from Hyperliquid, Ethereum, Base, and Polygon activity. On Solana-chain revenue alone, FOMO's $1.34 million exceeds Phantom's $1.2 million.

FOMO's Revenue Sources: Spot Swaps on Solana, Builder Fees on Hyperliquid Perpetuals

FOMO charges a trading fee on every token swap routed through its mobile app, with Solana as its primary chain. A smaller revenue stream comes from builder-code fees on perpetual futures trades that FOMO routes through Hyperliquid: the Hyperliquid contribution in the seven-day window was $47,484 per DeFiLlama, roughly 3.4% of FOMO's weekly total.

The Solana-side spot activity ($77.64 million in DEX volume over seven days, per DeFiLlama) drives the majority of fee income. DeFiLlama classifies all of FOMO's fees as protocol revenue because the app retains them directly; there is no liquidity-provider share or token-holder distribution taking a cut.

FOMO's Seven-Day Solana Revenue Data: From Spike to Steady Top-3

When FOMO first appeared near the top of Solana's revenue rankings on July 11–12, the positioning was narrow and shifted depending on the hour sampled. A read at one moment put FOMO above Jupiter and Phantom; another showed those protocols retaking the lead within the same day. Our July 12 coverage flagged the overlap and described it as a brief window rather than a clean overtake.

The seven-day data removes that ambiguity. A $1.39 million weekly total is not an artifact of a single busy afternoon. DeFiLlama's income statement for the protocol shows $7.24 million in gross protocol revenue across Q2 2026 and $3.07 million in the first 17 days of Q3, a daily pace more than double the Q2 average. DeFiLlama's annualized revenue figure for the protocol stands at $22.68 million.

The $94M Bet on Social Copy-Trading

FOMO's Series B closed June 22, 2026: $75 million at a reported $550 million valuation, led by Index Ventures with participation from Union Square Ventures, Mark Pincus, Kevin Hartz, and Humam Sakhnini. That round followed a $17 million Series A in late 2025 led by Benchmark and a $2 million angel round in early 2025, bringing total disclosed funding to $94 million per DeFiLlama, across 11 investor names.

Paul Erlanger, Se Yong Park, and Prashan Dharmasena, three former dYdX engineers, built the app around one-tap onboarding: Apple Pay, Google, or email creates a self-custodial wallet ready to trade in roughly 30 seconds, with no seed phrase and no browser extension. At the time of the Series B announcement, the platform reported more than 625,000 traders and was adding approximately 3,500 per day.

The social mechanics are the fee engine. Users who copy a top performer execute a real on-chain swap for every mirrored trade, each generating a fee. At the user volumes FOMO is reporting, those incremental swaps compound into the weekly totals placing it third in Solana's protocol revenue table.

FOMO launched roughly ten weeks before reaching these revenue levels. Whether it can sustain a top-three position across a broader market cycle, and whether revenue holds as incentive-driven onboarding normalizes, remains an open question for a platform without a long operating history.