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 driven by real-world events: elections, economic data releases, sports outcomes, geopolitical developments.

The platform launched its US exchange in mid-June 2026, and shortly after announced that its annualized revenue had crossed the $1 billion mark.

The 24-hour revenue flip likely caught Polymarket during a relative lull, while Fomo benefited from a surge in social trading activity. The research notes that Fomo’s daily revenues are still fluctuating within the hundreds of thousands, while Polymarket’s revenues amplify with event-driven trading dynamics.

The Solana factor

Fomo generates most of its revenue from Solana token swaps and perpetual futures trading, with the latter category added through integrations completed in June 2026. Perpetual contracts, which let traders bet on price movements with leverage and no expiration date, are a proven revenue engine. Fomo’s innovation is wrapping that functionality in a social layer, so users can see what the most profitable traders are doing and mirror their positions.

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