Bankless · Thursday, August 13, 2026
The persistence of meme coins as a significant market force is noted, with new applications like the FOMO wallet gaining traction. FOMO, built by former dYdX and Uniswap developers, has attracted 40,000 new users in a month, primarily trading meme coins. This growth puts FOMO in direct competition with Pump, another platform that has verticalized its offerings and is vying for user acquisition in the lucrative meme coin trading space.
“Ryan, are you familiar with FOMO? I've heard of it, not used it. Basically a breakout. I don't know if it's a breakout into mainstream, but it has certainly broken out to basically everyone who's going to trade new tokens, new meme coins on crypto. It's a really friendly wallet.”
“And so you can get money into the app pretty easily. And that's very much mobile first, right? Mobile first. Yeah. There is a desktop, but it's very, very mobile first. And they've just had a gargantuan rise in users. So they've had 40,000 new signups in one month.”
“And because owning the user, owning the consumer is so lucrative that that's really where you want to be. And so FOMO revenue is like through the roof, but it's coming out of pump's pocket because they're not owning those users. So now there is a fight for user acquisition between the pump app and FOMO app.”