# Fomo Perps Revenue Methodology

## 1. Overview

The portion of trading fees retained by Fomo Perps is measured by Revenue. The protocol's share of fees generated from perpetual contract trades routed through the Fomo application on Hyperliquid is represented by this metric. These earnings are derived from a builder fee allocated to the Fomo builder address at the time of trade execution. Net earnings are represented before the deduction of operating expenses and token incentives.

## 2. Data sources

- **Blockchain events**: `node_fills` events from Hypercore
- **Asset metadata**: Market asset type mappings for Hyperliquid perpetual markets

## 3. Step-by-step calculation

### Component A: Perpetual trade fill extraction

- **Purpose**: Trade fills routed through the Fomo application are extracted and filtered.
- **Logic**: Trade fills routed through the Fomo application are extracted from `node_fills` events on Hypercore. Transactions are filtered to include only those where the builder address matches the designated Fomo builder address. Spot markets (identified by `@` or `/` in the market identifier) and prediction or outcome markets (identified by `#` in the market identifier) are excluded from the dataset. Only fills settled in USDC are retained. The builder fee, transaction timestamp, market identifier, asset symbol, and market deployer are extracted for downstream aggregation.
- **Key fields**: `block_timestamp`, `builder`, `coin`, `builder_fee`, `fee_token`

### Component B: Market classification and asset mapping

- **Purpose**: Perpetual markets are categorized by asset class.
- **Logic**: Extracted trade fills are mapped to their respective asset types to enable structured categorization. This mapping is performed by joining the market deployer and asset symbol with the Hyperliquid market asset type dimension table. If no explicit mapping is found in the dimension table, the asset type is defaulted to an undefined classification.
- **Key fields**: `issuer`, `asset_symbol`, `asset_type`

### Component C: Daily revenue aggregation

- **Purpose**: Daily revenue for Fomo Perps is aggregated and finalized.
- **Logic**: Daily revenue is calculated by summing the extracted builder fees. Aggregations are grouped by day, market, asset symbol, and asset type. Type casting is applied to the aggregated values, and chain and data identifiers are validated against allowed configurations.
- **Key fields**: `timestamp`, `revenue`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

Revenue

DEX aggregators

Fomo earns a fee on every trade placed through the app. On perpetuals it acts as a Hyperliquid builder: each order placed from the app carries Fomo's builder code, and Hyperliquid routes a 0.05% builder fee per side to Fomo's builder address at trade time, on top of the venue's own fee and any HIP-3 deployer share. On spot swaps Fomo charges a platform fee collected in its own fee wallets; on cross-chain swaps routed through Relay, Relay collects Fomo's app fee and settles it as USDC to Fomo's fee collector on Base.

Fomo offers perpetual contracts on crypto, US equities, pre-IPO companies, indices and commodities through Hyperliquid's native markets and HIP-3 markets such as trade.xyz, alongside spot trading of memecoins and other tokens. The app is available on iOS, Android and the web at fomo.family.

Fomo is a mobile-first social trading app built by FOMO Labs, Inc., founded in 2025 by former dYdX employees. It combines a social feed, leaderboards and copy trading with self-custodial, gasless token swaps on Solana, Robinhood Chain, Base, BNB Chain and Monad, and since June 2026 perpetual futures executed on Hyperliquid. Fomo is operated as a private company; no token has been issued.

Fomo Perps

Revenue

Revenue

Chain breakdown