Fomo overtakes Hyperliquid in 24-hour revenue, signaling a shift in DeFi’s competitive landscape

Fomo, the social trading app built on Solana, posted higher 24-hour revenue than Hyperliquid according to DefiLlama data. For a platform that only launched perpetual futures trading in June 2026, overtaking a protocol that crossed $1B in cumulative revenue by midyear is the kind of flex that turns heads. To be clear, this isn’t a case of Fomo suddenly becoming larger than Hyperliquid. Hyperliquid has recorded single-day revenues as high as $6.84M during peak periods and regularly posts daily figures in the millions. But Fomo’s ability to even momentarily match or exceed that output, with recent 24-hour revenue fluctuating between $150K and $400K and peaking near $399K, tells an interesting story about where DeFi user attention is flowing. How a social trading app competes with a perps giant Fomo is a self-custodial, gasless token swap app wrapped in a social layer, complete with feeds, leaderboards, and copy trading. The platform earns most of its revenue from transaction fees on Solana token swaps. In June 2026, Fomo added perpetual futures trading through partnerships with Hyperliquid and Trade.xyz. Those integrations let non-US users trade crypto, equities, pre-IPO stocks, indic...