FOMO briefly tops Hyperliquid in 24-hour revenue after record $2.64M week

FOMO's rapid growth has continued beyond its record $2.64M revenue week, with Dune Analytics data cited in the new report showing six straight weeks of all-time highs in weekly trading volume and Blockworks data indicating a fresh weekly revenue peak above $2M. Solana remains the app's biggest venue with 50.18% of trader volume share, and founder Se Yong Park said weekly traders have increased tenfold. The momentum has helped FOMO challenge rivals including Axiom, which it briefly flipped in daily fees on August 6, while also feeding a broader contest with pump.fun as the memecoin and social trading market on Solana heats up. Pump.fun rolled out a social trading feature on August 7 that lets users call out tokens to followers, and unverified screenshots circulating on X have fueled allegations that the platform is offering some prominent traders monthly exclusivity payments of as much as $30,000 to shift activity there. Crypto lawyer Ariel Givner said such exclusivity deals are legally permissible, and commentators compared them with standard sponsorship arrangements. The rivalry is unfolding alongside a wider memecoin trading boom on Solana that has also lifted pump.fun's native token, $PUMP, which the report said rose 87% over the past 30 days as 50% of protocol revenue is directed to programmatic buybacks. Separately, 6th Man Ventures Managing Partner Mike Dudas, identified in the report as a pumpfun investor, became involved in the memecoin market through $TOAD, a token that reached a $21M all-time high market capitalization amid claims he held more than 17% of supply before he began distributing tokens to supporters and community members.

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