FFomo Labs is building a social-first, on-chain crypto trading platform focused on memecoins, altcoins, and stablecoins. The platform enables users to trade directly on the blockchain while sharing ideas and signals within a trading community. It differentiates itself by combining on-chain trading capabilities with a connected social layer and guidance from high-profile crypto figures, backed by engineers from firms like dYdX, Uniswap, OpenSea, Square, and Two Sigma. Its goal is to grow the product and user base in preparation for a public launch, helping users act quickly on opportunities in fast-moving crypto markets.
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Industries
Company Size
11-50
Company Stage
Series B
Total Funding
$96.3M
Headquarters
New York City, New York
Founded
2024
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Total Funding
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FOMO challenges Pump.fun with new bridge promising sub-second crypto swaps. FOMO has launched its in-house cross-chain bridge and trading router, claiming transactions now complete in under one second, a day after rival Pump.fun introduced its competing bridge infrastructure. * FOMO has launched its own bridge and router, claiming cross-chain transactions now complete in under one second. * The rollout follows Pump.fun's competing bridge launch, with both platforms reporting faster trades and better execution. * FOMO co-founders detailed the limited rollout and performance improvements, while liquidity and security arrangements remain undisclosed. According to FOMO's October 23 announcement, the social cryptocurrency trading application began rolling out the upgrade publicly after testing it with a small group of users for approximately one week. The company said the new system offers faster transactions and better execution prices, particularly during volatile market conditions. FOMO launches bridge with sub-second cross-chain swaps. The new bridge gives FOMO direct control over how users move funds between supported blockchains, while its proprietary router handles trade execution. Previously, the platform relied on external bridging infrastructure, including Relay, to facilitate cross-chain transactions. With the integration, FOMO says it now controls pricing, indexing, bridging and routing within its trading application. The company claims this arrangement reduces processing delays and helps traders secure more favorable prices when markets move quickly. FOMO co-founder Se Yong Park, known as Seyong on X, explained that the team drew lessons from periods of unusually heavy trading activity on Robinhood Chain. During one such period, he said FOMO accounted for more than 50% of trading wallets on the network. According to Park, the experience showed that traders dealing with volatile assets depend heavily on transaction speed and execution quality. The company subsequently concentrated on developing its own bridging and routing infrastructure to address both requirements. FOMO co-founder and CEO Paul Erlanger confirmed that the infrastructure had operated in a limited release for one week before its public launch. He said the company introduced the service gradually as a safety precaution before making it available to all users. FOMO claims 50% faster trades and better execution. The company reported that its internal bridge and router can execute trades up to 50% faster than competing systems during periods of market volatility. FOMO maintains that its average execution prices have improved by 0.5%, with gains exceeding 2% among the worst-performing 10% of trades. FOMO further claimed that its application handles more than ten times the cross-chain transactions processed by any competing trading application. However, the announcement did not provide a complete comparison period, competitor list or independently audited transaction figures. FOMO engineering contributor Sacha pointed to a Dune analytics dashboard comparing transaction latency across FOMO and Pump.fun. The dashboard covers routes involving Solana, Robinhood Chain, Base and BNB Chain, although the underlying numerical results require separate examination. Sacha said the engineering work focused on reducing milliseconds of latency and improving execution prices. The contributor described the resulting system as potentially the fastest production method for moving funds and trading across supported networks. Pump.fun bridge launch brings direct competition. FOMO's announcement came shortly after Pump.fun introduced Pump Bridge as its default cross-chain trading service. As crypto.news reported on the launch, Pump.fun replaced Relay after internal testing showed improvements in execution speed and transaction reliability. During testing conducted between September 28 and October 7, Pump.fun recorded average purchase times of 1.95 seconds through its bridge, compared with 3.88 seconds through Relay. The experiment covered more than 400,000 trade outcomes across the two routes. Pump.fun reported a purchase error rate of 0.9%, compared with 11.2% for Relay, representing a 92% reduction. The company said its bridge currently carries no additional bridging fee, although normal trading charges may still apply. FOMO's sub-second claim and Pump.fun's 1.95-second result come from different testing arrangements. Neither company has published a complete independent comparison establishing which platform performs better across identical transactions, trading volumes and network conditions. Bridge security and liquidity arrangements remain unclear. Despite their speed claims, neither announcement fully explains which entities supply the destination-chain liquidity used to complete cross-chain trades. The available disclosures do not establish whether either platform relies entirely on its own inventory or continues using external liquidity providers. Such arrangements carry different operational risks. A previous cross-chain bridge security analysis examined vulnerabilities involving custody, liquidity pools, verification mechanisms and the systems that authorize transfers between networks. The companies have not disclosed enough technical information in these announcements to independently assess their bridge security models, liquidity guarantees or arrangements for failed transfers. No audit findings establishing the safety of the new infrastructure were identified in the material reviewed. FOMO's latest product rollout follows its $75 million funding round in June, which valued the company at $550 million. At the time, the social trading application reported more than 625,000 users and approximately $4 billion in cumulative trading volume.
The future of trading could look more like social media, says FOMO co-founder. Video News Sat, 17 Oct 2026 21:00:31 UTC 1 hour ago Jennifer Sanasie and Eleanor Terrett sit down with Se Yong Park, co-founder of the social trading app fomo, at Korea Blockchain Week. Park tells the story of fomo's "anticlimactic" launch and how the app now aims to abstract crypto away entirely so anyone can sign in with Apple or Google and trade... This content is automatically aggregated. Full credit goes to the original publisher (youtube.com).
SlowMist uncovers bookmark phishing attack targeting Fomo crypto users. 2026-10-08 07:34:16 Key takeaways. * SlowMist uncovered a malicious bookmark phishing attack targeting Fomo cryptocurrency platform users stealing access tokens. * The attack used a fake verification page and executed harmful JavaScript code to collect sensitive user data including access tokens. * SlowMist recommended enabling multi-factor authentication and enhanced security measures across cryptocurrency platforms. SlowMist has uncovered a malicious bookmark phishing attack targeting users of the Fomo cryptocurrency platform. Victims were instructed to drag an icon to their bookmarks bar, which executed harmful JavaScript designed to steal sensitive information including access tokens. The attack exploited user trust through a fake verification page, highlighting critical security vulnerabilities in the crypto ecosystem that could lead to significant data breaches. SlowMist identifies bookmark injection attack method. The phishing scheme instructed Fomo users to manipulate their bookmarks by dragging a malicious icon to their bookmarks bar. Once installed, the bookmark executed harmful JavaScript code when activated. The malicious script was designed to collect sensitive user data, including access tokens that could grant attackers unauthorized access to user accounts. The attackers created a fake verification page as part of the social engineering tactic to convince users to install the malicious bookmark. Investigation tracks stolen funds through transaction flows. SlowMist's investigation traced the stolen funds through a complex flow of transactions following the data breach. The security firm documented the movement of compromised assets, though specific amounts and victim counts were not disclosed in the report. The analysis revealed the technical mechanics of how the malicious bookmark collected and transmitted user credentials to attacker-controlled systems. SlowMist recommends multi-factor authentication for users. SlowMist urged users to enable multi-factor authentication to protect their accounts against similar phishing attacks. The security firm emphasized the need for enhanced security measures across cryptocurrency platforms to protect users from bookmark injection and other social engineering tactics. At the time of reporting, Fomo showed zero trading volume with no reported changes in market price. Fomo operates as a platform facilitating cryptocurrency transactions and trading, with security practices subject to various regulatory frameworks aimed at protecting users from cyber threats. Faq. What did SlowMist discover about Fomo users? SlowMist uncovered a bookmark phishing attack targeting Fomo cryptocurrency platform users. The attack instructed victims to drag a malicious icon to their bookmarks bar, which then executed harmful JavaScript to steal sensitive information including access tokens. How does the bookmark phishing attack work? The attack uses a fake verification page to convince users to install a malicious bookmark. When activated, the bookmark executes JavaScript code that collects sensitive user data including access tokens and transmits this information to attacker-controlled systems. SlowMist tracked the stolen funds through complex transaction flows following the breach. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
SlowMist uncovers phishing scheme targeting Fomo users. News Thu, 08 Oct 2026 14:20:52 UTC 1 hour ago A recent investigation by SlowMist has uncovered a malicious bookmark phishing attack targeting Fomo users. Victims were misled into dragging an icon to their bookmarks bar, leading to the execution of malicious scripts aimed at stealing sensitive information. This analysis highlights critical security flaws that could pose risks to users, urging them to remain vigilant. For further details, read the full analysis here. The story so far. The broader crypto market is currently exhibiting mixed signals, with various assets showing differing momentum. Amidst this uncertainty, the exposure of a phishing attack aimed at Fomo users has raised alarms about security practices in the crypto space. The details revealed by SlowMist indicate that the attackers designed a fake verification page to execute harmful JavaScript, which could lead to significant user data breaches. Key details. * SlowMist identified a phishing attack targeting Fomo users. Victims were instructed to manipulate their bookmarks. The malicious bookmark collected sensitive data, including access tokens. SlowMist tracked the stolen funds through a complex flow of transactions. Users are urged to enable multi-factor authentication to protect their accounts. What the data shows. Currently, there are no reported changes in the market price for Fomo, and trading volume remains at zero. This incident could impact user confidence in the platform, highlighting the need for enhanced security measures to protect users from phishing attacks. The investigation by SlowMist serves as a reminder of the vulnerabilities present in the crypto ecosystem, particularly for platforms like Fomo. ... Continue reading the full article at the original source below. This content is automatically aggregated. Full credit goes to the original publisher (coinfomania.com).
What is the Fomo Crypto App? Fomo was founded in 2025 by Paul Erlanger, Se Yong Park and Prashan Dharmasena. These three individuals previously worked at dYdX before working on this app. The app is a mixture of two distinct qualities. While crypto apps in general have always embraced a more technical aspect, Fomo Crypto App wanted to carve its own unique path. The app combines the elements of social media, merging it with crypto to deliver the best of both worlds. Instead of a typical user interface that allows one to explore exchange options, Fomo crypto app makes the process engaging. It allows users to scroll through the crypto feed like any other social media platform. Through this, users can follow other traders, check leaderboards, receive alerts and discover new trends and tokens on the same platform. In simpler terms, a trader can use other investors' activity as a source of ideas and market discovery. It may also help them explore new tokens and track the progress of other traders. What makes fomo unique? Fomo is different from a traditional crypto trading app because it focuses on the social crypto trading narrative. Traditional exchange apps are more direct in nature. They allow users to purchase or sell the asset they have already chosen. With the Fomo crypto app, a trader can do the same, but with extra features. The social layer that comes with the Fomo social trading app is unique in its own way. Its feed shows what other traders are doing, while also allowing users to follow other accounts. This may help users discover new ideas and token trends by seeing what other traders are watching and trading. At the same time, the platform's trade theses are another useful element to take note of. They allow users to see the reasoning behind a trade instead of seeing only the buy or sell activity. Fomo introduced trade theses so users can attach commentary to their trades and explain why they entered or exited a position. Fomo is making cross Chain less complicated. Another thing that makes the Fomo crypto app unique is its simplicity. The app allows users to make cross-chain swaps across Solana, Base, BNB Chain and Monad. In this process, users are not required to manually switch between bridges or manage separate balances. The mechanism is supported by a unified USD balance. This development is striking as many crypto platforms are known for their complexity. The app aims to provide a simpler experience, making it a more accessible option for newcomers who may not be familiar with bridges, different networks and gas tokens. At the same time, Fomo is also simplifying token discovery by making it easier for the masses to follow. It allows users to see the rational behind one purchase, allowing them to be the judge of their own portfolios. Moreover, the platform can help traders figure out new tokens and bank on early trends. Alongside that, FOMO crypto app users have the liberty to follow other traders. This may help them follow trusted entities, shaping their reasoning and helping them figure out other trusted crypto domain methods and mechanisms. What does "thesis" Mean on fomo? A trade thesis on FOMO simply means a reason or idea behind that trade. On fomo, traders can add commentary explaining why they are interested in a certain token to help other traders navigate the arena with ease. What about security? Crypto security is a paramount priority in the domain. Fomo tackles this by using a non-custodial wallet model. The company says users retain control of their assets and private keys rather than handing custody to Fomo. The platform uses email or Apple ID for authentication, while Face ID provides an additional security layer for sensitive actions such as withdrawals and private-key exports on supported devices. Fomo also says its key-management system distributes key shares so that no single party, including Fomo, can reconstruct the complete key. Fomo is progressing with speed. The Fomo crypto app is attracting new interest in terms of capital. The platform has raised $75 million in Series B funding at a $550 million valuation. The round was led by Index Ventures, with participation from Union Square Ventures and existing investor Benchmark. The cross-chain trading app is also showing strong early user adoption. Fomo has reported more than 625,000 users. The trading volume on the app has surpassed $4 billion, with more than 110 million unique social interactions. FOMO vs Pump.Fun. Fono and Pump.fun, both of these apps may appear similar to many for crypto trading. However, they both have different purposes. Fomo is built around social trading and follower activity, while Pump.fun is primarily a platform built for creating and trading tokens on Solana. In simpler words, Fomo is more focused on discovering and trading through social feeds. Pump fun, on the other hand, is more centred around launching/trading new tokens on Solana. The biggest difference between the two platforms is built around what intent they serve while helping traders navigate this field. Fomo is designed around discovering trades and traders through a social feed. Pump.fun is designed to help around launching and trading new tokens. 12:00 PM Fomo is best for? Fomo crypto app may be particularly suited for new and intermediate crypto traders who want a simpler way to explore onchain markets. Its interface, cross-chain trading and social feed can reduce some of the technical barriers that newcomers often face. More experienced traders may also find value in its broader asset coverage and social features. The platform can help them discover new trends and tokens while tracking what other traders are doing. However, users should not treat the activity of other traders as guaranteed investment signals. Fomo can make discovery easier, but users still need to research assets and understand the risks before trading. Frequently asked questions. The Fomo app is a legitimate, venture backed crypto and memecoin trading platform. But it carries a high financial and operation risks. Hence user discretion and research becomes necessary before making any trade related decisions.
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Industries
Company Size
11-50
Company Stage
Series B
Total Funding
$96.3M
Headquarters
New York City, New York
Founded
2024
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs