TL;DR:
- Fomo generated $1.76 million in Friday revenue, beating Pump.fun’s $1.1 million for the day, although Pump.fun still leads over the past 30 days.
- More than 68,000 users made their first crypto purchase through Fomo using Apple Pay, accounting for approximately $25 million in transaction volume.
- Fomo has expanded into Hyperliquid-powered perpetual futures, paid more than $2 million in referral fees, and raised $75 million at a $550 million valuation.
Fomo generated $1.76 million in daily revenue on Friday, overtaking Pump.fun’s $1.1 million and giving the social trading platform a striking one-day lead over the memecoin launchpad. The reversal is notable because Pump.fun still dominates the longer revenue window, bringing in more than $57 million over the past 30 days compared with $17.6 million for Fomo, over the same period, widening the longer-term gap considerably. That contrast makes the latest result less a complete changing of the guard than a sharp momentum signal, showing how quickly user activity and monetization can shift across crypto applications.
Fomo’s model blends cryptocurrency trading with social features that resemble a feed, allowing users to see the trades made by participants. Its revenue surge arrives alongside evidence that the app is converting social engagement into transaction activity, rather than relying on attention alone. More than 68,000 users made their first cryptocurrency purchase through Fomo using Apple Pay, generating about $25 million in transaction volume. The combination of trading visibility, social discovery and simplified payment access has given the platform multiple channels for attracting users while expanding beyond the launchpad format associated with memecoin creation.
Fomo Expands Beyond Spot Trading
The platform’s growth extends beyond spot trading. On June 11, Fomo launched perpetual futures contracts powered by Hyperliquid for users outside the United States, broadening available products. That expansion suggests Fomo is building a wider trading ecosystem while its daily revenue accelerates, giving users more reasons to remain active after their first purchase. The company also said on June 2 that it had paid more than $2 million in referral fees, indicating that user acquisition incentives have become another meaningful component of its growth strategy as competition for crypto trading activity intensifies across consumer-facing platforms.
Fomo enters this revenue battle with substantial backing. In June, the company closed a $75 million Series B round led by Index Ventures, which valued the social trading app at $550 million. The latest revenue lead gives that valuation an operating data point, even though Pump.fun remains far ahead over 30 days. Friday’s numbers capture a competitive snapshot rather than a settled hierarchy. Fomo has shown it can outperform Pump.fun on a daily basis, but sustaining that advantage would require converting its momentum, product expansion and user base into consistently stronger revenue over longer periods.
