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.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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