fomo
A social crypto trading app aggregating multi-chain trading and copy-trading information
Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$9.36MBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $9.36M | -- | -- | -- |
| Sep 2026 | $32.5M | -- | -- | -- |
| Aug 2026 | $15.7M | -- | -- | -- |
| Jul 2026 | $6.98M | -- | -- | -- |
| Jun 2026 | $2.44M | -- | -- | -- |
| May 2026 | $2.76M | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About fomo
Fomo is a mobile-first cross-chain trading application. Users can trade tokens on networks like Solana, Base, BNB Chain, Monad, and Robinhood Chain through a single email-based account, eliminating the need to manage seed phrases, switch networks, or handle gas tokens. The app integrates Apple Pay for instant deposits.
Its core differentiator is social trading. Users can view the real-time positions and activities of traders they follow, browse leaderboards, and copy trades. Features like Clans (team-based trading), Trader Rewards (earn from sharing trading ideas), and a referral program (25% of referred users' fees) create a self-reinforcing network effect.
Fomo addresses the key pain points of crypto adoption: complex wallet management, fragmented cross-chain experiences, and the lack of social context in trading. It simplifies onboarding to the level of a traditional fintech app while adding a social layer that makes trading more transparent and engaging.
In the past six months (March to September 2026), Fomo has grown rapidly. Daily active traders surged from a few thousand to over 100,000, total users exceeded 1.9 million, and monthly trading volume grew from $500 million in June to over $2.8 billion in August. The app launched perpetual futures (powered by Hyperliquid and TradeXYZ) in June, expanded its web platform (now ~25% of volume), and acquired Mobula's data infrastructure to handle multi-chain data at scale. It also ranked in the top 5 finance apps on the US App Store, surpassing Cash App. No major negative incidents were reported during this period.
fomo launched its mobile social trading public beta in May 2025, enabling cross-chain token trading with a unified balance.
In June 2025, Apple Pay support drove rapid user and volume growth; in September, full Base chain support arrived, followed by BNB Chain and Monad, making it a multichain aggregated trading app.
In November 2025, Benchmark led a $17M Series A; in April 2026, fomo web launched, syncing desktop and mobile.
In June 2026, perpetuals went live and Index Ventures led a $75M Series B at a $550M valuation; in August 2026, weekly revenue peaked at $2.64M and it out-earned Hyperliquid in a single day.
Over the past six months, fomo has made significant strides in infrastructure, product expansion, and social trading.
Key developments include the acquisition of Mobula's on-chain data aggregation technology and the hiring of its core team, enabling fomo to build proprietary data infrastructure in-house. This move supports its rapidly scaling platform, which now processes over $2.8 billion in monthly trading volume.
fomo also launched fomo Perpetuals, expanding beyond spot trading to include perpetual futures across crypto (BTC, ETH, SOL, HYPE), equities (NVDA, GOOGL, AMD, MU, SNDK), indices (S&P 500, Nasdaq 100, Kospi 200, Nikkei 225), and commodities (oil, silver, gold, copper). This significantly broadens its asset class coverage.
Additionally, fomo introduced fomo Web, bringing its mobile trading experience to desktop, and launched Clans, a social feature allowing users to form groups, compete on leaderboards, and foster team-based trading.
Looking ahead, fomo's roadmap focuses on deepening its social layer. Planned enhancements include in-app chat within Clans, member recruitment tools, subscription services, and shared treasuries. The company also aims to reduce cross-chain transaction times from 3-5 seconds to under 1 second, making cross-chain trading feel seamless. With a user base exceeding 1.9 million and growing by 30,000 daily, fomo is positioning itself as a comprehensive social trading platform bridging multiple chains and asset types.
Paul Erlanger (Co-Founder): Previously founded Rogue Aerospace (2017-2019) and worked as Private Credit Analyst at Deutsche Bank (2020-2021). Joined dYdX as Business Development Lead (2021-2024). Co-founded fomo in December 2024.
Se Yong Park (Co-Founder): No detailed public bio available from provided sources.
Daniel Lian (VP Finance & Operations): Built finance functions at dYdX Labs and Walrus Labs. Previously held finance roles at Lob (VP Finance) and Expedia (Senior Analyst, Corporate Development). Started career as Financial Analyst at Groupon. Holds BBA in Finance & Mathematics from University of Michigan.
Joe Doll (General Counsel): No detailed public bio available from provided sources.
fomo has recently seen rapid team expansion with several key members joining. In May 2026, Daniel Lian joined as VP Finance & Operations, having previously served as Head of Finance at dYdX and Walrus Foundation, bringing extensive crypto finance experience.
In July, marketing expert Ben Aratame joined, who previously co-founded methods and has driven multiple apps to the top of the App Store. In August, Joe Doll came on board as General Counsel, while Sacha Delhoux and Sacha Marcus joined the engineering team, strengthening technical capabilities. These new members will help fomo continue to grow in cross-chain trading and social finance.