FOMO Sees 30 New Users Per Minute, Expanding Social Trading

The cryptocurrency social trading platform FOMO is attracting an average of 30 new users per minute, drawing in not only meme coin users but also secondary market traders and derivatives traders. FOMO focuses on tracking trader behavior, indicating that the competition for social features is expanding beyond the competition for token issuance. The new feature, Clans, allows multiple traders to team up for trading, enabling users to view not only individual traders' transactions but also the trades and logic of trader groups. However, it is difficult to judge solely based on team-based profit and loss (PnL) rankings, and recent trading history must also be checked. FOMO's token exploration feature is divided into five tabs: Crypto, Trending, Most Held, Graduated, and Gainers, allowing users to check major coins and top tokens by growth rate. FOMO's growth is related to the expansion of consumer services for on-chain trading apps, with the number of active traders surpassing 100,000 for the first time. FOMO is being introduced as a service that reduces the cost of information exploration.

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