LATEST: Social trading app Fomo out-earned Pump.​fun in daily revenue on Solana on Friday, pulling in $1.76M versus the memecoin launchpad's $1.1M, per DefiLlama data.

What happened

On Friday, the social trading app Fomo earned $1.76 million in daily revenue on the Solana network, surpassing the memecoin launchpad Pump.fun, which earned $1.1 million, according to DefiLlama data.

Confirmed

Global impact / market context

Fomo's higher revenue suggests it is attracting more user activity than Pump.fun, which could shift investor attention toward social trading apps. This may influence where traders spend on Solana, affecting the network's transaction volume and the value of SOL.

Analyst inference

Solana is a blockchain network where apps like Fomo and Pump.fun generate revenue from user fees. Higher app revenue often signals strong user demand, which can boost network activity and potentially support SOL's price, as more usage typically increases demand for the network's token.

Analyst inference

What to watch

1. Monitor DefiLlama data for daily revenue figures of Fomo and Pump.fun to see if Fomo maintains its lead over the coming days, as Friday's result may be a one-time event. Confirmed
2. Consider tracking user growth or trading volumes on Fomo and Pump.fun to understand whether the revenue difference reflects a lasting shift in trader preference or just a temporary spike. Proposed
3. Watch Solana's network activity and SOL price for any correlation with Fomo's revenue performance, as sustained higher app revenue could signal increased demand for the network's token. Analyst inference

Affected assets

• SOL — Solana

Evidence

• x.com