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.

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Fomo

# Fomo Revenue Methodology

## 1. Overview

Revenue measures the portion of fees retained by Fomo across its three primary products: Fomo Perps, Fomo Spot, and Fomo Cross-chain. For Fomo Perps, revenue is generated from the builder fee paid to Fomo's builder account on Hyperliquid. For Fomo Spot and Fomo Cross-chain, revenue is equal to the total fees collected, as 100% of these fees are retained by the protocol. This metric is used to assess the protocol's direct earnings and monetization efficiency across different execution environments.

## 2. Data sources

- **Blockchain events**: SPL asset `Transfer` instructions, ERC-20 asset `Transfer` events, and node fills, covering Solana, Base, and Hyperliquid
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Fomo Perps revenue calculation

- **Purpose**: To capture the builder fees generated from perpetual trading on Hyperliquid.
- **Logic**: Node fills on Hyperliquid are filtered to isolate trades routed through the Fomo builder account. Spot and outcome markets are excluded by filtering out assets prefixed with `@` or `#`, as well as trading pairs containing `/`. The builder fee is extracted from the fills where the fee asset is USDC. The revenue is aggregated daily by market and asset type.
- **Key fields**: `block_timestamp`, `asset_symbol`, `builder_fee`, `fee_token`

### Component B: Fomo Spot revenue calculation

- **Purpose**: To capture the fees generated from spot trading on Solana.
- **Logic**: SPL asset `Transfer` instructions to the Fomo Solana fee wallet account are identified. Instructions where the authority account matches the fee wallet account are excluded to prevent self-transfers. The remaining transfer amounts represent the spot trading fees, which are retained entirely as protocol revenue. These fees are mapped to their respective swap markets using transaction identifiers.
- **Key fields**: `block_timestamp`, `transaction_id`, `token_address`, `amount`

### Component C: Fomo Cross-chain revenue calculation

- **Purpose**: To capture the fees generated from cross-chain swaps.
- **Logic**: ERC-20 asset `Transfer` events on Base are filtered to identify USDC transfers sent to the Fomo fee collector account. Only transfers originating from Relay solver accounts are included. Because cross-chain swaps are settled off-chain and claimed on Base, 100% of these settled fees are recognized as protocol revenue on the day of settlement.
- **Key fields**: `block_timestamp`, `token_address`, `amount`

### Component D: USD conversion and aggregation

- **Purpose**: To normalize revenue values to USD and aggregate them.
- **Logic**: Revenue amounts from Fomo Spot and Fomo Cross-chain are normalized by decimal precision and multiplied by end-of-day asset prices. Fomo Perps revenue is already denominated in USDC and is aggregated directly. All product revenues are summed by day, chain, and product ID to produce the final daily revenue metric.
- **Key fields**: `timestamp`, `product_id`, `chain_id`, `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.

Fomo

Revenue

Revenue

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