Fomo surpasses Polymarket in 24-hour revenue as social trading heats up on Solana

Fomo, the Solana-based social trading app, has outpaced Polymarket in 24-hour revenue. It’s the kind of sentence that would have sounded absurd six months ago, when Polymarket was busy announcing its annualized revenue had crossed $1 billion. What Fomo actually does The platform lets users follow and copy the trades of others in real time, turning speculation into a social activity. It’s built on Solana, which means transactions settle fast and users don’t get hit with the gas fees that make Ethereum feel like a tollway during rush hour. Fomo’s revenue model is straightforward. The app charges roughly 0.5% on token swaps and perpetual contracts. As of early August 2026, the platform posted a record $2.64 million in weekly protocol revenue. Its cumulative trading volume has surpassed $2.5 billion, driven by a user base exceeding 625,000. For a platform that only closed its Series B funding round in June 2026, those are aggressive growth metrics by any standard. That Series B was no small affair either. Fomo raised $75 million at a $550 million valuation. How Polymarket stacks up Polymarket occupies a fundamentally different niche. As a prediction market, its trading volumes are driv...