Fomo, the self-custodial social trading app built on Solana, has posted five consecutive weeks of falling revenue. Weekly protocol revenue now sits at $3.96 million, down 59% from a peak of $9.59 million. The app still generates more revenue than it did two months ago, before the late-summer surge. Fomo charges a fee of approximately 0.5% on each self-custodial swap with no governance token or emissions program. The platform’s user base expanded from 625,000 to 2.7 million and cumulative trading volume has exceeded $4 billion.
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