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 Trade count Methodology

## 1. Overview

Trade count is calculated as the number of trades executed across the Fomo ecosystem, which includes Fomo Spot, Fomo Perps, and Fomo Cross-chain. This metric is utilized to determine how frequently assets are bought, sold, or traded by users through the platform's various products. By analyzing trade frequency, overall user engagement and transactional activity within the protocol are evaluated. Trades are aggregated across spot swaps, perpetual contract fills, and cross-chain transfers settled via Relay.

## 2. Data sources

- **Blockchain events**: `node_fills` events on Hyperliquid, and SPL asset transfers on Solana, covering Hyperliquid and Solana

## 3. Step-by-step calculation

### Component A: Fomo Perps trade tracking

- **Purpose**: To capture perpetual contract trades executed through Fomo Perps.
- **Logic**: `node_fills` events on Hyperliquid are filtered to include only those where the builder account matches the Fomo builder account. Spot and outcome assets are excluded by filtering out assets containing specific characters (such as `@`, `/`, or `#`). Each matching fill is counted as one trade.
- **Key fields**: `block_timestamp`, `builder`, `coin`

### Component B: Fomo Spot trade tracking

- **Purpose**: To capture spot swap trades executed through Fomo Spot.
- **Logic**: SPL asset transfers on Solana are filtered to identify transactions where assets are transferred into the Fomo fee account, excluding transfers where the authority account is the fee account itself. Each unique transaction ID associated with these fee transfers is counted as one trade.
- **Key fields**: `block_timestamp`, `transaction_id`, `to_owner_address`

### Component C: Fomo Cross-chain trade tracking

- **Purpose**: To capture cross-chain swap trades settled through Relay.
- **Logic**: Solana legs of cross-chain swaps are identified as either buys or sells. Buys are identified as USDC asset transfers into the Relay deposit vault account where the transaction signer is a designated Fomo relayer. Sells are identified as USDC asset transfers from the Relay fill account to a user account, provided a Fomo action (either a fee-paying spot swap or a relayer-paid deposit) has been previously recorded for the recipient account on or before that day. Each unique transaction ID from these buys and sells is counted as one trade.
- **Key fields**: `block_timestamp`, `transaction_id`, `to_owner_address`, `authority_address`

### Component D: Final aggregation

- **Purpose**: To aggregate trade counts across all products.
- **Logic**: Trade counts from Fomo Perps, Fomo Spot, and Fomo Cross-chain are aggregated by day and product. Missing days are zero-filled to ensure a continuous time series.
- **Key fields**: `timestamp`, `product_id`, `trade_count`

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

Number of trades executed on a decentralized exchange.

Fomo

Trade count

Trade count

Competitive landscape

Chain breakdown