Solana’s memecoin throne changed hands — at least for one day. Fomo, a social trading platform that blends crypto charts with a social-media-style feed, generated more daily revenue than Pump.fun, the legendary memecoin launchpad, this past Friday. According to DefiLlama data, Fomo pulled in 1.76 million USD in a single day versus Pump.fun’s 1.1 million USD. One day doesn’t end a reign, but it tells you something important about where the attention — and the fees — are flowing on Solana right now.
By Carlos Martinez | September 7, 2026
The Hook: How a Social App Beat the Memecoin King
First, the players. Pump.fun is the memecoin launchpad that defined a whole era: anyone can create a token in seconds, buyers pile in, and if the token gathers enough momentum it “graduates” to a real trading venue. It minted thousands of millionaires, plenty of losses, and an entire copycat industry.
Fomo took a different angle on the same audience. It’s a social trading platform — picture a social media feed where instead of vacation photos, you see other people’s live trades, and you can copy or compete with them. Trading crypto becomes something closer to a multiplayer game with a scoreboard. The platform makes money on trading fees, which is exactly the metric where it just beat Pump.fun for the day.
Here’s the context that makes Friday’s flip meaningful rather than random: DefiLlama’s data shows Pump.fun is still far ahead over longer stretches, generating more than 57 million USD over the past 30 days against Fomo’s 17.6 million USD. So the king hasn’t been dethroned. But a challenger winning a daily revenue crown — against an app that once seemed untouchable — signals the memecoin economy on Solana is maturing, or at least shifting.
The Evidence: Who Fomo Is and Where Its Revenue Comes From
Fomo isn’t a hobby project that got lucky. In June, it closed a 75 million USD Series B funding round led by Index Ventures, valuing the company at 550 million USD. Venture money at that scale doesn’t chase token launches — it chases distribution and user growth, which is exactly what the social feed provides.
The onboarding numbers are the most interesting part. Fomo says more than 68,000 users made their first-ever cryptocurrency purchase on the platform using Apple Pay, representing about 25 million USD in transaction volume. Read that again: these are people who never set up a self-custody wallet, never bought crypto on an exchange, and made their first purchase by tapping a button in an app that feels like the social networks they already use.
The company has also been widening its product beyond simple spot trading. On June 11, it launched perpetual futures — leveraged trading contracts, essentially betting with borrowed exposure — powered by Hyperliquid, available to users outside the US. And back on June 2, Fomo announced it had paid users more than 2 million USD in referral fees, turning its own user base into a growth engine.
The Core Conflict: Launchpads vs. Social Trading — Who Owns the User?
Friday’s revenue flip is really a contest between two theories of the crypto retail experience. Pump.fun’s model owns the beginning of a token’s life: creation and launch. Fomo’s model owns the middle: the daily trading, chatting and chasing that follows. Launchpads need a constant stream of new tokens to keep users engaged; social platforms just need users to keep trading something — and they monetize every trade either way.
The social model has a structural advantage: it’s stickier. A launchpad’s excitement depends on the next hot token. A social feed with follower counts, leaderboards and referral income builds habits — the same loop that keeps people scrolling Instagram, pointed at candlestick charts instead. If Fomo keeps converting that habit into fee revenue, more daily wins like Friday’s become weekly wins, and the 30-day gap between it and Pump.fun starts to look like a runway rather than a wall.
For Solana itself, this matters because app revenue is network revenue. Fees from apps like Fomo and Pump.fun translate into transaction demand on Solana, which is a core part of the bull case for SOL — trading around 105 USD at the time of writing, with Bitcoin near 79,400 USD and Ethereum around 2,490 USD. Whoever wins the retail front-end battle, Solana’s validators collect the activity.
What This Means For You
If you trade memecoins or small-cap tokens, understand what kind of app you’re using. Social platforms are engineered to maximize engagement — and the same design that makes them fun makes overtrading dangerously easy. Fees compound: a platform earning 1.76 million USD a day is collecting that from traders, one small cut at a time. If you use these apps, set position limits before you open the feed, not during.
For investors thinking about SOL, watch app-revenue leaderboards like DefiLlama’s the way equity investors watch company earnings. Sustained app revenue means real usage, and real usage is what separates Solana’s fee-generating economy from chains that only have narratives. A shift from launchpads to social trading doesn’t reduce network activity — it likely deepens it, because social apps monetize every trade, not just new token launches.
Also worth noting: Fomo’s Apple Pay funnel is quietly one of the biggest retail onboarding experiments in crypto. Tens of thousands of brand-new crypto buyers arriving through a familiar payment button is exactly the kind of growth regulators watch, incumbents copy, and the next funding rounds get priced on.
The Verdict
One Friday doesn’t crown a new king — Pump.fun’s 30-day revenue lead is still commanding. But the direction is what matters: a venture-backed social trading app with an Apple Pay onramp and a Hyperliquid-powered derivatives arm just posted a bigger day than the platform that defined the memecoin cycle. On Solana, attention is migrating from creating tokens to trading them in public, socially, continuously. Keep an eye on those daily revenue numbers — when a challenger starts winning single days, the market is telling you the next phase of retail crypto is already starting.
The cryptocurrency market remains highly volatile. This article is for informational purposes only and does not constitute financial advice.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
1.76m in a day for an app that turned trading into a feed. pump.fun defined the era but attention rotates way faster than loyalty
copy trading feeds print when everything is green. check that 1.76m in a red week, pump.fun survived plenty of those
this. fomo printing on a squeeze friday is the same volatility meter pump.fun used for a year, with a follow button bolted on
1.76M in fees from a social feed app in one day. pump.fun built an entire culture and some timeline app just passes it lol
1.76m off a timeline says more about pump.fun cooling than fomo heating tbh. the crown was already wobbling before this
Fomo is basically pump.fun with a follow button. fees follow attention, and attention left the launchpad months ago imo
culture eats a friday revenue print. pump.fun survived copycats by being the meme itself, fomo is an app, apps churn
One Friday of DefiLlama data and people are writing Pump.fun eulogies. Fomo’s revenue is pure attention leverage, that cuts both ways.
attention leverage cuts both ways is doing a lot of work in that take. one bad week and those fees evaporate, zero recurring revenue here
attention leverage cuts both ways is exactly it. one boring red week and the feed goes quiet along with the fees
attention leverage is right, pump.fun was diversified across every timeline. fomos entire book is one proprietary feed, one algo tweak from a quiet month
Agreed on the single point of failure. Pump.fun risk was spread across every timeline on the internet, Fomo owns one feed and one ranking algo. One tweak and the fee print is gone.
one day of defillama data sure, but attention is a leading indicator. pump.fun should be worried
attention is a leading indicator until the feed algo gets tweaked once and the whole flywheel stops. pump.fun spread across every timeline out there, fomo owns one app and one leaderboard. one good red week settles this
1.76m beats 1.1m for one friday and the discourse crowns a new king. defillama charts deserve better analysis than this tbh
1.76m on a friday during a ZEC squeeze week. show me fomo revenue on a flat green chop week before crowning any throne change
this is the correct filter. one friday during a zec squeeze is a peak attention sample, defillama friday snapshots flatter everyone. come back with 30 of them
one datapoint from a zec squeeze week, exactly. this comparison needs 90 days before it means anything
fair filter, but pump.fun had the same luck. its fee number rode green days for a year. one friday is noise either way
1.76m beating 1.1m for one day and everyone writes the pump.fun obituary. pump.fun printed numbers like that daily for a year straight, where was the crown then
nobody crowns anything off one friday, sure. but pump.fun fees trending down for months while a feed app prints 1.76m says something real about where attention went
the uncomfortable bit is both apps monetize attention churn. fomo just skips the token and sells the feed directly, one less rug to feed
fomo monetized the pump.fun graduation, the feed IS the casino now. no token needed when you sell seats at the slot machine
selling seats at the slot machine is right, but pump.fun sold the same seats with a token wrapper. fee margin with no asset to babysit is just the cleaner version
replying to the fee margin point, the catch is churn. pump.fun survived because launches reset daily. a social feed has to keep the same eyeballs engaged, and 1.76m on one squeeze friday proves nothing about tuesday