FOMO surpasses Jupiter and Phantom in 24-hour revenue on Solana

FOMO, a new social trading app on Solana, surpasses Jupiter and Phantom in 24-hour revenue, marking a significant shift in the DeFi landscape.

Have you heard about FOMO on Solana? Just weeks after its launch, this social trading app has made waves by surpassing the revenue of two well-known platforms, Jupiter and Phantom, in just 24 hours. This remarkable feat highlights the evolving landscape of Solana's decentralized finance (DeFi) ecosystem and raises intriguing questions about the future of social trading in crypto.

What Is FOMO and How Did It Achieve This Milestone?

FOMO not only climbed the ranks on the Solana revenue leaderboard but managed to secure the seventh position among all Solana protocols in a matter of weeks. This is particularly noteworthy given that Jupiter is known as Solana's most predominant decentralized exchange (DEX) aggregator, while Phantom serves as the quintessential wallet for Solana users.

In the past 24 hours, FOMO has reported revenue oscillating between $152K and $225K. In comparison, Phantom's earnings hovered between $219K and $235K, whereas Jupiter's ranged from approximately $112K to $203K. While these figures indicate a competitive race, it’s important to note that the overlaps in revenue windows imply that FOMO's lead may not be a definitive win.

How Does FOMO Stand Out from the Competition?

At its core, FOMO blends the worlds of copy-trading and social interaction. Users can follow experienced traders and mirror their positions without necessarily diving deep into the mechanics of trading. This feature could be a game-changer for individuals who are hesitant to engage in crypto but want the benefits of trading.

Additionally, FOMO provides gasless cross-chain swaps, effectively eliminating one of the most common barriers in DeFi. This user-friendly approach is likely empowering more individuals to engage with the platform, thereby driving up its revenue.

What Is the Revenue Landscape for Solana Apps?

Interestingly, FOMO's revenue does not solely rely on Solana's activities. Its income model is diversified through builder fees collected from Hyperliquid perpetuals, which reduces its dependence on any single blockchain's performance.

The trend of apps on Solana outpacing the chain’s base revenue is reflective of a broader pattern. For example, in May 2026, Solana applications collectively generated around $94 million in revenue compared to the base layer, which earned about $18.6 million. This disparity suggests that apps utilizing Solana's infrastructure are generating significantly more revenue than the blockchain itself.

What Does This Mean for Traders and Investors?

With Jupiter focusing on providing users with optimal swap routes and Phantom facilitating wallet services that capture fees, both are experiencing pressure from emerging competitors that offer improved user experiences. The revenue figures from FOMO indicate that its social feed and copy-trading features resonate well with users, which could lead to sustained growth.

Importantly, FOMO's revenue statistics reflect real user activity, which is harder to fabricate at scale compared to other metrics that might rely on token inflation. A consistent revenue range of $150K to $225K in 24-hour fees is a strong indicator of genuine transaction volume.

Additionally, FOMO's recent Series B funding round raised $75 million, giving it ample resources to continue expanding its offerings and attracting users. This financial backing could be crucial as the platform seeks to enhance its features and overall user experience.

Key Takeaways

FOMO has surpassed established platforms Jupiter and Phantom in 24-hour revenue on Solana.
The app's revenue has fluctuated between $152K and $225K recently, with Phantom and Jupiter trailing behind.
FOMO combines social trading with gasless cross-chain swaps, making it user-friendly and appealing.
In May 2026, Solana applications collectively generated $94 million in revenue, vastly outpacing the blockchain's revenue.
FOMO's recent $75 million funding round will support continuous development and user acquisition.

As the DeFi landscape continues to evolve, platforms like FOMO on Solana are demonstrating the potential of social trading applications to capture user interest. If you’re keen on exploring these opportunities further, competitive trading rates can be found on exchanges like Binance, Bybit, and others—check out our Binance referral page for exclusive bonuses.