# Fomo Spot Revenue Methodology

## 1. Overview

Revenue measures the portion of fees that a project retains, as determined by its take rate. For Fomo Spot, revenue is defined as equivalent to total fees, as all collected swap fees are directed to the protocol's fee account. These fees are accumulated from token transfers executed during swap transactions on Solana. This metric is utilized to assess the protocol's earning power before operating expenses are deducted.

## 2. Data sources

- **Blockchain events**: SPL token transfer instructions and decentralized exchange trade instructions, covering Solana
- **External data**: End-of-day price feeds and asset metadata for Solana assets

## 3. Step-by-step calculation

### Component A: Fee transfer extraction

- **Purpose**: Identify and extract SPL token transfers representing trading fees paid to Fomo Spot
- **Logic**: SPL token transfers are filtered where the recipient owner account matches the designated Fomo Spot fee wallet. Self-transfers, where the authority account matches the fee wallet, are excluded. The transaction ID, block timestamp, token account, and raw transfer amount are extracted for each fee payment.
- **Key fields**: `transaction_id`, `block_timestamp`, `token_address`, `amount`

### Component B: Trade routing and market attribution

- **Purpose**: Attribute fee payments to the specific asset market traded in the swap
- **Logic**: Solana decentralized exchange trades are joined with the identified fee transactions. For multi-hop routes, each hop is valued at the smaller of its priced legs to prevent wash pricing distortion. The swap is represented by the hop with the largest USD value, ensuring each transaction is counted only once. A market asset is assigned to the swap by identifying the non-settlement asset (excluding stablecoins like USDC, USDT, USD1, and SOL, unless SOL is traded against a stablecoin). If no trade is matched, the fee token itself is used as the market asset.
- **Key fields**: `transaction_id`, `base_mint_address`, `quote_mint_address`, `base_amount`, `quote_amount`

### Component C: USD conversion and revenue aggregation

- **Purpose**: Normalize revenue values to USD and aggregate them on a daily basis
- **Logic**: Raw fee amounts are normalized by the decimal precision of each respective asset. Normalized amounts are multiplied by end-of-day asset prices to calculate the USD value. Because Fomo Spot retains 100% of collected fees, revenue is set equal to the calculated fee USD value. Daily revenue is aggregated by summing these values across UTC day boundaries, with missing days filled with zeros.
- **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 Spot

Revenue

Revenue

Chain breakdown