Guavy AI Editorial TeamSentiment: 3.5Clout: 82

FOMO Surpasses Dominant Protocols in 24-Hour Revenue on Solana

FOMO, a social trading app on Solana, has surpassed Jupiter and Phantom in 24-hour revenue. According to DefiLlama data, FOMO generated between $152K and $225K in 24 hours, flipping both Jupiter and Phantom.

Jupiter is a dominant DEX aggregator on Solana, while Phantom is the wallet almost every user has installed. However, FOMO's revenue comes from its unique value proposition - copy-trading with social engagement.

FOMO allows users to follow other traders and mirror their positions without needing to understand underlying mechanics. The app also offers gasless cross-chain swaps, reducing friction points in DeFi.