Fomo Surpasses Pump.fun in Daily Revenue
Fomo has surpassed the memecoin platform Pump.fun in daily revenue, generating approximately $1.76 million on Friday. In the same period, Pump.fun's revenue remained around $1.1 million. However, Pump.fun has maintained its leadership with over $57 million in revenue over the past 30 days, while Fomo's 30-day revenue stood at approximately $17.6 million. Fomo operates as a social trading platform that combines cryptocurrency trading with a social media experience. Users can not only buy and sell cryptocurrencies through the app but also view the transactions of other investors. More than 68,000 users made their first cryptocurrency purchase through Fomo using Apple Pay, with the total transaction volume reaching approximately $25 million. In June, Fomo completed a $75 million Series B funding round, raising its valuation to $550 million. Additionally, on June 11, Fomo launched perpetual futures for users outside the U.S. and allocated significant resources to its referral program to support user growth.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Whale Ratio Drops to 0.39, Bitcoin Nears $80,000

Hyperliquid introduces wallet allowlists for perpetual markets

Ukrainians Advised to Protect Savings from Inflation

New York Fed Study Finds Most Central Banks Are Not Systematically Reducing Dollar Holdings

Bitcoin's Sensitivity to U.S. Treasury Yields Lower than Gold

Lukoil to Restore Refinery Operations Three Weeks After Drone Attacks

Jaguar Land Rover to Cut 4,000 Jobs Due to Crisis

Bitcoin: Miners' Revenues Rebound, but Hashrate Lags Behind

Data Center Growth in Australia: Big US Tech Ready to Invest $155 Billion

Société Générale: 5.5% Yield on 10-Year U.S. Treasuries is a Critical Point

IFM Launches K2 Horizon, an Open AI Family with Up to 375 Billion Parameters

Government Delays Unprotected Budget Expenditures Until December

Router Protocol to Shut Down by Sept. 30 After Failed Business Model

Economy: China Injects $54 Billion into Its Financial System

Baidu Stock Connect Access: Can Shares Rise by 20% in a Month?

Can AI Preferred Networks chips really beat Nvidia by 10 times?

Are AI Trading Apps Good for Crypto? Inside the WEEX AI Wars Hackathon

UBS Expects 0.25% Rate Hike from Fed in September and December

Trump's Approval Drops to 33% and Pressures Markets Ahead of Midterms

Ferrexpo Resumes Production in Ukraine After Securing $100 Million

Mexico: A $1.5M Bitcoin Wallet Linked to the Murder of a Musician and His Family

Cryptocurrencies: A Family Wrongly Kidnapped and Assaulted Near Rennes

Google Clarifies Antigravity Account Ban Does Not Affect Google Accounts

Trump Claims Hundreds of Billions Earned for the U.S. from Stocks

Low-Income Workers Affected by Fare Increases in Kyiv

Rare Meeting During Fed's Quiet Period Sparks Controversy Over Bowman and Powell's Schedules

Grain Exports from Russia Fall to Lowest Level Since 2010

Bitcoin Ends Its Bear Market, Altcoin Season Expected in 2027

Rocket suspends operations after $287K loss from market manipulation











