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Solana-based app Fomo briefly out-earned DeFi giant Hyperliquid in 24-hour revenue, signaling shifting user trends.

Protocol Fundamentals
09 Aug 2026
Crypto Briefing
View Source
Bullish
Solana-based app Fomo briefly out-earned DeFi giant Hyperliquid in 24-hour revenue, signaling shifting user trends.

Fomo, a social trading app on Solana, recently posted higher 24-hour revenue than Hyperliquid, a dominant perpetual trading platform in crypto. Although Hyperliquid regularly sees daily revenues in the millions, Fomo's peak near $399K in a day highlights growing user interest in social trading and token swaps on Solana. Fomo's revenue mainly comes from transaction fees on token swaps, with perpetual futures trading added in June 2026. This milestone reflects shifting user behavior in DeFi, where social features and ease of trading are gaining traction alongside established platforms. Fomo's strong growth, backed by a $75M funding round and over 625,000 users, suggests it will continue to challenge traditional DeFi giants.

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Hayasa Metals forms strategic copper exploration alliance with major miner in Armenia.

Hayasa Metals forms strategic copper exploration alliance with major miner in Armenia.

Hayasa Metals announced a non-binding term sheet for a Strategic Exploration Alliance with a major mining company to explore copper and critical metals in southern Armenia's Tethyan Belt. The alliance, funded by the major miner, aims to identify econ...

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Gold Strike Resources joins Yukon Mining Alliance to boost visibility of its gold projects in Yukon.

Gold Strike Resources joins Yukon Mining Alliance to boost visibility of its gold projects in Yukon.

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A2Gold reports highest-grade gold assay at Eastside, revealing new targets for higher-grade mineralization.

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Alphabet's strong AI-driven growth and solid financials attract investor confidence amid tech selloff.

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Ethereum breaks above $2,550 resistance, aiming for $2,700 and beyond amid rising institutional demand.

Ethereum breaks above $2,550 resistance, aiming for $2,700 and beyond amid rising institutional demand.

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