Fomo generated $1.76 million in revenue on Friday, putting the social crypto trading platform ahead of memecoin launchpad Pump. fun, which recorded $1.1 million for the day, according to DefiLlama data.
The daily result follows Fomo’s expansion into additional trading products this year. The platform combines cryptocurrency trading with a social feed that lets users see other users’ transactions. On June 11, Fomo added Hyperliquid-powered perpetual futures for users outside the U.S.
Fomo Expands Platform as User Activity Grows
Fomo secured $75 million in a Series B financing led by Index Ventures in June, which valued the social trading app at $550 million.
The company has also reported uptake among first-time crypto buyers. More than 68,000 users made their initial cryptocurrency purchase on Fomo through Apple Pay, representing about $25 million in transaction volume, according to the company.
Separately, Fomo said on June 2 that payments to users through its referral program had exceeded $2 million.
Pump.fun Still Leads Fomo Over 30 Days
Despite Fomo moving ahead on Friday, Pump.fun remains well ahead over the longer term. The memecoin launchpad generated more than $57 million over the past 30 days, versus $17.6 million for Fomo.