Fomo, a mobile-focused social trading platform, has reached 1.3 million users and is adding roughly 30,000 accounts a day, co-founder Se Yong said in an Aug. 12 interview. A Dune dashboard cited in the report ranked Fomo’s trading bot first for both trading volume and market share at the time, placing the project among the fastest-growing interfaces for on-chain speculative trading.
The platform’s growth reflects a contest to make cross-chain trading feel closer to using a consumer finance app: one balance, a short purchase flow, and public feeds showing which tokens and traders are attracting attention. Yong said Fomo is designed for users who may not want a professional-grade trading terminal or the fragmented process of moving funds among wallets, bridges, and blockchain-specific applications.
Fomo’s approach centers on mobile use and social features rather than serving only highly active meme-coin traders. Yong said the company wants to reach users outside crypto-native social circles, including people with small balances who may be learning to trade through the app’s public rankings and activity feeds.
A single balance across multiple chains
Yong traced the company’s product thesis to his own difficulty buying a token on Base around two years ago. Friends had each put about $10,000 into Keeta, he said, and later reached seven-figure outcomes. By the time he tried to join, Yong said he lacked funds on Base and had to navigate a sequence involving Rabby Wallet, a bridge, and a trading interface.
That experience shaped Fomo’s effort to hide much of the chain-specific work from users. The app presents assets as a combined, cash-like balance instead of requiring users to manage separate funds across each network, Yong said. Cross-chain trades currently take about three to five seconds, according to Yong, with a one-second target.
The design choice comes with practical trade-offs. Simplified trading can remove the friction that has long discouraged users from moving between networks, but it can also reduce the pauses in which a trader might check liquidity, transaction costs, or the risks surrounding a newly issued token. The source material says Fomo charges a minimum fee near $1, a level that can weigh heavily on the economics of very small orders.
Yong said his own trading style is relatively selective. He described periods during bull markets when he places only three trades in a week, and named GameStop-themed GME and the ERC-404 token Pandora as examples of narrative-driven positions. Pandora was among his most successful trades, he said.
Public rankings turn trading into a social product
Fomo’s other major feature is a public leaderboard that displays trading results and account activity. Yong said the company sees on-chain performance as a form of reputation, allowing users to assess traders through visible positions and outcomes rather than anonymous claims in chat groups.
He named GCR, Kobe, Flood and Ansem among traders he follows, adding that some are already active on Fomo. Yong also referred to a trader known as “change,” who had held the platform’s top leaderboard position for a period.
The public feed model seeks to solve a familiar problem in fast-moving token markets: useful information often arrives through scattered private chats, social-media posts, and group messages, then becomes less valuable as more people see it. Yong said Fomo aims to show what users are buying and where attention is moving in real time.
That visibility can help traders find emerging conversations, though a leaderboard does not establish that a strategy can be copied successfully. Positions can change quickly, gains may reflect entries that followers cannot replicate, and large wallet movements do not necessarily reveal a trader’s full portfolio or risk management. Users following public accounts also face the possibility that attention itself becomes part of the trade, accelerating buying into assets with limited liquidity.
Yong said he expects Fomo to eventually host an account with eight-figure profits, estimating that one could appear within six months. He also said the composition of the top 100 leaderboard could look very different by then, underscoring how quickly rankings can change in speculative markets.
Clans adds group competition
Fomo launched a community feature called Clans on Aug. 11. The early version allows users to join groups, view members and their token holdings, and compete on group leaderboards, Yong said. Planned additions include internal messaging, subscriptions and shared treasuries.
Those features would move Fomo further beyond a trading interface and toward a social network organized around on-chain portfolios. Shared treasuries, if introduced, would also create a more direct financial link among members of a group, making governance, custody arrangements, and clear risk disclosures more consequential than in a simple discussion channel.
The company’s early history offers a contrast with its current user numbers. Yong said Fomo raised money from 140 angel backers but had fewer than 140 users during its first months. The team relied heavily on feedback from early adopters between May 2025 and July 2025, focusing product iteration on a core group of about 5,000 users.
Mobile remains Fomo’s main channel, though Yong said web traffic has risen to nearly 25% of total traffic. The web version has received few major upgrades since launch, he said, and planned improvements include token discovery, social discovery, and simpler buying flows.
Competition for users and staff has intensified alongside the rise of social trading applications. Yong referenced an offer reportedly made by Pump.fun that included a $20,000 signing payment and a $30,000 monthly salary. Such compensation points to a market where product teams are competing not only for trading volume but also for the engineers, community operators, and creators who can bring active audiences with them.
Want mobile-first social trading like Fomo? Start with Toobit’s smart tools and AI copy trading for seamless strategies.
Disclaimer: The content on this page is provided for general informational purposes only and does not represent the views or financial advice of Toobit. We make no guarantees regarding the accuracy or completeness of this information and shall not be held liable for any errors, omissions, or outcomes resulting from its use. Investing in digital assets involves risk; users should independently evaluate their financial situation and the risks involved. For further details, please consult our Terms of Service and Risk Disclosure.
