Fomo, the Solana-based social trading app, has surpassed Polymarket in 24-hour revenue, marking a milestone for a platform that barely existed a year ago. The platform lets users follow and copy the trades of others in real time, charging approximately 0.5% on token swaps and perpetual contracts. As of early August 2026, Fomo posted a record 2.64 million dollars in weekly protocol revenue, with cumulative trading volume exceeding 2.5 billion dollars and a user base surpassing 625,000. The company raised 75 million dollars in a Series B funding round in June 2026 at a 550 million dollar valuation. Polymarket, the established prediction market whose annualized revenue exceeds 1 billion dollars, remains in a different category, focused on real-world events rather than social trading.
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