Fomo overtakes GMGN.AI as top crypto trading app by 7-day revenue

DeFiLlama’s July 20 rolling 7-day ranking put the Solana-native social trading app ahead of multi-chain rival GMGN.AI, extending a rapid climb from Solana-specific protocol revenue tables to an all-chain comparison.

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Summary

Fomo has moved to the top of the crypto trading app rankings by 7-day revenue, overtaking GMGN.AI in DeFiLlama’s rolling July 13-20 window and extending its rise from Solana protocol leaderboards to an all-chain comparison. The result is notable because Fomo is Solana-native, while GMGN.AI collects trading fees across Ethereum, BNB Chain, Solana, Base and other networks. The latest milestone follows a rapid progression. In early July, Fomo ranked seventh among Solana protocols by daily revenue, and by July 17 it had held third place among Solana protocols for a full week, trailing only Pump.fun. For the seven days ending July 16, 2026, Fomo generated about $1.39 million in revenue, its highest weekly total on record. Roughly $1.34 million came from Solana DEX activity, with the remainder tied to builder code fees on Hyperliquid perpetual contracts opened by Fomo users. Fomo earns from transaction fees on self-custodial swaps executed through the app and from Hyperliquid builder fees, without relying on a governance token or inflationary rewards. Weekly revenue was around $150,000 in late 2025, implying roughly a ninefold increase over about eight months. The company has raised $94 million across three rounds, including a $75 million Series B in June 2026 at a $550 million valuation, and reports 625,000 accounts, $4 billion in cumulative trading volume since its mid-2025 launch, and more than 110 million social interactions.

Terms & Concepts
  • Solana DEX activity: Trading taking place on decentralized exchanges built on Solana.
  • perpetual contracts: Derivative contracts with no expiry date, commonly used to bet on price moves with leverage.
  • social trading: A model that lets users follow or copy other traders' activity within a trading platform.