# Fomo Spot Trade count Methodology

## 1. Overview

Trade count measures the number of trades executed on Fomo Spot. The frequency with which users buy or sell assets through the project is represented by this metric. For Fomo Spot, each transaction that incurs a trading fee paid into the Solana fee wallet is counted as a single trade. Swaps on routes without a decoded decentralized exchange leg are successfully captured through this methodology.

## 2. Data sources

- **Blockchain events**: SPL token transfers to the Fomo fee wallet account, covering Solana

## 3. Step-by-step calculation

### Component A: Fomo Spot fee-paying transaction extraction

- **Purpose**: Identify transactions on Solana that represent a Fomo Spot trade.
- **Logic**: SPL token transfers are filtered to identify those where the recipient account is the designated Fomo fee wallet. Transfers where the authority account matches the fee wallet account are excluded to prevent self-transfers or internal adjustments from being counted. A completed swap is indicated by each qualifying transfer, which represents a trading fee paid in either USDC or the traded asset.
- **Key fields**: `transaction_id` (transaction identifier), `block_timestamp` (timing), `signer` (authority account), `token` (asset account), `amount` (fee quantity)

### Component B: Fomo Spot trade count aggregation

- **Purpose**: Calculate the daily number of unique trades for Fomo Spot.
- **Logic**: The unique transaction identifiers from the extracted fee-paying transfers are aggregated. The distinct count of these transaction identifiers is calculated for each day. Daily boundaries are defined using UTC timestamps.
- **Key fields**: `transaction_id` (for distinct counting), `block_timestamp` (for daily grouping)

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

Number of trades executed on a decentralized exchange.

Trade count

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

Trade count

Trade count

Chain breakdown