# Fomo Spot Trading volume Methodology

## 1. Overview

Trading volume is defined as the total USD value of spot trades executed through Fomo Spot on Solana. This metric is utilized to evaluate user engagement, transaction activity, and the protocol's capacity to generate fees. Swaps are routed through decentralized exchanges on Solana, with a portion of each trade collected as a fee. Only trades associated with fee payments to the designated Fomo Spot fee wallet account are included in the calculation.

## 2. Data sources

- **Blockchain events**: SPL token `Transfer` instructions and decentralized exchange (DEX) trade instructions, covering Solana
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Fee transaction identification

- **Purpose**: Identify transactions that executed a trade through Fomo Spot
- **Logic**: SPL token `Transfer` instructions on Solana are filtered to identify transactions where the recipient owner account matches the designated Fomo Spot fee wallet account, excluding self-transfers where the authority account is also the fee wallet account. These transactions are classified as trades where a fee was paid to Fomo Spot. The transaction signer accounts and transaction IDs are extracted from these fee-paying transfers.
- **Key fields**: `block_timestamp`, `transaction_id`, `token_account`, `authority_account`, `amount`

### Component B: Trade hop extraction

- **Purpose**: Extract individual trade hops associated with fee-paying transactions
- **Logic**: Solana decentralized exchange (DEX) trade instructions are joined with the identified fee-paying transaction IDs. For each trade hop, the base and quote asset mint accounts and their respective trade amounts are extracted. Trade amounts are normalized by decimal precision using asset metadata.
- **Key fields**: `block_timestamp`, `transaction_id`, `base_mint_account`, `quote_mint_account`, `base_amount`, `quote_amount`

### Component C: Swap valuation and market attribution

- **Purpose**: Value each swap in USD and attribute it to a specific market asset
- **Logic**: For each trade hop, the USD value is calculated using end-of-day price feeds. To prevent wash pricing, the hop value is determined as the lesser of the USD values of the two traded assets if both are priced; otherwise, the single available asset price is applied. For multi-hop routes within a single transaction, only the hop with the largest USD value is retained to prevent double-counting. The market asset is determined by identifying the non-settlement asset (excluding USDC, USDT, USD1, and SOL), or defaulting to SOL when traded against stablecoins.
- **Key fields**: `block_timestamp`, `transaction_id`, `market_asset_account`, `trading_volume`

### Component D: Final aggregation

- **Purpose**: Aggregate trading volume to produce daily metrics
- **Logic**: Trading volumes are summed by day, chain, and product. Missing days are zero-filled to ensure a continuous time series.
- **Key fields**: `timestamp`, `chain_id`, `product_id`, `trading_volume`

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

Total value of spot trades executed on the exchange.

Trading volume

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

Trading volume

Trading volume

Chain breakdown