What is the FOMO app?

Independent affiliate guide. We may earn a share of trading fees through our code. Product instructions are based on public documentation unless a specific observation is labelled. Evidence and limits.

The company, in four dates

FOMO is roughly a year old, which is the fact that matters most when you are deciding whether to fund an account. Here is the whole history, with the numbers the company disclosed at each step:

The founders are Paul Erlanger, Se Yong Park and Prashan Dharmasena, all of whom worked at the derivatives exchange dYdX. Benchmark led the Series A. The firm rarely invests in crypto at all, which is part of why the round drew coverage.

One more figure sits outside that timeline, and it is worth keeping separate from it. FOMO's App Store description for version 1.89.1, dated 2026-09-02, claims “1,000,000+ users”. That is FOMO's own marketing copy in an app-store listing, not a number it has repeated on its blog next to the 625,000 traders figure, so we show it on the chart above as a separate, dated annotation rather than as part of the verified growth line.

What the product actually does

The published product combines a wallet, funding options and a social feed.

Embedded wallet. FOMO describes a non-custodial wallet powered by Privy. Its account documentation describes Apple ID or Google signup. Embedded access does not eliminate credential, recovery or wallet risks. The product supports Solana, Base, BNB Chain, Monad, Ethereum and Robinhood Chain; supported assets and access vary. FOMO says it covers Solana network gas. Other networks can add gas costs, which should be checked in the transaction quote.

Funding options. FOMO documents crypto deposits and payment-provider options including cards and Apple Pay. Eligibility, verification, fees and completion times depend on the provider and location. We have not measured the success rate or speed of these routes.

It adds a feed. A live stream of what other traders are buying and selling, with a leaderboard ranked on realised profit and the option to follow any trader. FOMO does not have a copy trading feature: acting on a trade means opening the token page and buying it yourself. This is still the actual product. The trading engine is table stakes; the social layer is what FOMO sells, and it is why the company reported 110 million social interactions in its first year.

How FOMO makes money

A trading fee, and you can work out the size of the business from public numbers. FOMO charges 0.50% per trade on Solana orders of 190 USDC and above, and the same 0.50% plus the network fee on the other five chains. Below 190 USDC on Solana, the fee runs in bands instead, from a flat 0.10 USDC up to a flat 0.95 USDC. Solana network gas is covered by FOMO itself, not passed on. At the time of the Series A it was processing $20–40 million per day and reporting roughly $150,000 per day in revenue.

These historical company-reported totals do not establish a typical user's fee. The daily volume is a range; selecting its midpoint to reproduce 0.50% would be an illustration, not independent confirmation of the schedule.

FOMO also documents a referral share of eligible fees and a standard discount for referred accounts. Product exclusions, programme conditions and order size matter. Our limited code-advertising sample compares advertised public offers, with account acceptance explicitly untested.

What it is not

• Not a place to hold savings. It is a memecoin trading app whose tokens can lose their value. A wallet feature does not make a volatile token suitable for savings or guarantee access or recovery.
• Regulatory status requires separate checks. FOMO's terms describe access to third-party infrastructure and disclaim a broker or exchange role. We have not performed a jurisdiction-by-jurisdiction licensing assessment. Non-custodial wallet terminology is not a security or regulatory certification.
• Not a terminal. Feature sets change. Compare the current order controls and wallet-tracking workflow against GMGN and Axiom before choosing a platform.

Who it actually suits

Someone comparing social discovery of small-cap tokens, who understands that a token can lose all its value and would rather have a phone app than a browser terminal. The 190 USDC line is not arbitrary: below it, FOMO's Solana fee bands charge more than the 0.50% headline, and a $20 trade costs 2%, or $0.40.

Someone it does not suit: anyone whose decisions would be changed by watching other people's wins scroll past. Visible gains are not a representative record of every trader's results.

Next: our source-based review, the fee breakdown, the setup walkthrough, or the safety question in full. If you already have an account, the affiliate programme page covers the other side of the code.