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 Trading volume Methodology

## 1. Overview

Trading volume measures the total value of trades executed through Fomo. This metric is composed of swap volumes from Fomo Spot and cross-chain swap volumes from Fomo Cross-chain. Since trading fees are paid by users on these transactions, this metric is highly correlated with the protocol's ability to generate fees and revenue.

## 2. Data sources

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

## 3. Step-by-step calculation

### Component A: Fomo Spot trade identification

- **Purpose**: Identify trades executed through Fomo Spot
- **Logic**: Transactions that paid a fee to the Fomo Solana fee account are identified from SPL token `Transfer` instructions. Decentralized exchange trades occurring within these fee-paying transactions are extracted. For each trade, the base and quote asset quantities are normalized by decimal precision.
- **Key fields**: `amount`, `account`

### Component B: Fomo Spot volume valuation

- **Purpose**: Value Fomo Spot trades in USD and identify the market asset
- **Logic**: Each trade hop is valued using the smaller USD value of the two traded assets to prevent wash pricing, utilizing end-of-day price feeds. For multi-hop routes, only the largest hop by USD value is retained per transaction. The market asset is identified as the non-settlement asset (excluding USDC, USDT, USD1, and SOL, unless SOL is traded against a stable asset).
- **Key fields**: `value`, `account`

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

- **Purpose**: Capture cross-chain swaps settled through Relay
- **Logic**: Cross-chain swaps are identified via USDC transfers on Solana. Buy transactions are defined as USDC deposits into the Relay deposit vault account where the transaction fee is paid by a Fomo relayer account. Sell transactions are defined as USDC transfers from the Relay fill account to user accounts that have previously executed a transaction on Fomo.
- **Key fields**: `amount`, `account`

### Component D: Fomo Cross-chain volume valuation

- **Purpose**: Value Fomo Cross-chain swaps in USD
- **Logic**: USDC transfer amounts from both buy and sell legs are normalized by decimal precision and multiplied by end-of-day USDC price feeds.
- **Key fields**: `amount`, `value`

### Component E: Aggregation and market mapping

- **Purpose**: Combine and aggregate trading volume across products
- **Logic**: Fomo Spot and Fomo Cross-chain volumes are aggregated by day. For Fomo Spot, volumes are grouped by the market asset's mint account. For Fomo Cross-chain, volumes are grouped under a single designated market identifier since destination details are not visible on the Solana leg. Daily totals are zero-filled for days with no activity.
- **Key fields**: `value`, `timestamp`

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

Total value of spot trades executed on the exchange.

Fomo

Trading volume

Trading volume

Competitive landscape

Chain breakdown