Fomo Surpasses Pump.fun in Daily Revenue on Solana
- Fomo generated $1.76 million in daily revenue, exceeding Pump.fun’s $1.1 million on Friday.
- Over the past month, Pump.fun led with over $57 million in revenue compared to Fomo’s $17.6 million.
- Fomo closed a $75 million Series B funding round in June, valuing the platform at $550 million.
- More than 68,000 users made their first cryptocurrency purchase on Fomo using Apple Pay, totaling around $25 million.
- In June, Fomo launched perpetual futures contracts for users outside the US and paid over $2 million in referral fees.
Fomo combines cryptocurrency trading with social features that allow users to view others’ trades, enhancing user engagement and transaction volumes. The platform’s growth reflects increasing interest in social trading models within the DeFi space.
On Friday, Fomo’s daily revenue of $1.76 million marks a significant achievement as it surpasses Pump.fun’s figures while still trailing behind in monthly performance with only $17.6 million compared to Pump.fun’s $57 million.(Source)
