# Fomo > Fomo Family is a mobile-first, non-custodial social crypto trading platform supporting cross-chain trading without bridges or gas fees. - Canonical URL: https://iq.wiki/wiki/fomo - Categories: Projects & Protocols - Tags: Ethereum, DeFi, Solana - Created: 2026-08-12T08:19:05.646Z - Last updated: 2026-08-12T08:54:57.764Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **Fomo (Fomo Family)** is a cross-chain social crypto trading app that facilitates cross-chain trading across [Solana](https://iq.wiki/wiki/solana), [Ethereum](https://iq.wiki/wiki/ethereum), [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), and [Monad](https://iq.wiki/wiki/monad) using a single account. The platform simplifies processes by eliminating the need for manual bridging or gas-fee management. Launched in 2025 by individuals with experience from the [dYdX](https://iq.wiki/wiki/dydx) team, Fomo integrates social features such as public trade theses and leaderboards, enhancing the user trading experience by combining functionality and social interaction. [\[2\]](#cite-id-fRjqJYN6HuLLWCli)​ ## Overview Fomo positions itself as a mobile-first, non-custodial trading platform designed to streamline cryptocurrency transactions. It allows users to execute trades across different blockchain networks without the burdens of handling multiple wallets or additional fees. This feature allows users to navigate the complexities of crypto trading. [\[3\]](#cite-id-vhzXueRiPloX6kdN) [\[4\]](#cite-id-exCtEd2bA4VsbZMU) The platform's approach eliminates the typical friction points involved in trading multiple cryptocurrencies across diverse blockchains. [\[2\]](#cite-id-fRjqJYN6HuLLWCli)​ The application supports prominent cryptocurrencies including [Solana](https://iq.wiki/wiki/solana), [Ethereum](https://iq.wiki/wiki/ethereum), [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), and [Monad](https://iq.wiki/wiki/monad), providing users with a comprehensive trading environment. In addition to trading, Fomo integrates social elements, such as trade theses that are displayed directly on charts, and a leaderboard to rank the top traders. This social integration aims to foster a community of traders who can share insights and strategies, enhancing the educational aspect of trading. [\[3\]](#cite-id-vhzXueRiPloX6kdN)​ Fomo launched its public beta on May 6, 2026. As of mid-2026, no native token has been announced by the platform. However, CoinLaunch speculates that Fomo might consider introducing a native token or a retroactive airdrop in the future. [\[2\]](#cite-id-fRjqJYN6HuLLWCli)​ ## Founding and Development Fomo was founded in 2025 by individuals with roots in the crypto trading platform [dYdX](https://iq.wiki/wiki/dydx). There is some discrepancy in sources regarding the founding members. According to Wikipedia, Fomo was launched by Paul Erlanger and [Se Yong Park](https://iq.wiki/wiki/se-yong-park); however, the [Bitcoin](https://iq.wiki/wiki/bitcoin) [Foundation](https://iq.wiki/wiki/foundation) reports that the founding team consists of three individuals from the [dYdX](https://iq.wiki/wiki/dydx) team, including Paul Erlangher (notably different spelling), Sae Young Park, and Prashan Dharmasena. This difference underscores the dynamic and somewhat obscured origins common in crypto startups. [\[1\]](#cite-id-F9XM2HHSs3BLDdLX) [\[5\]](#cite-id-fAaSHuX2sBs8eH6n)​ The founding team managed to secure approximately 140 early-stage investors from a curated list of 200 potential angel investors. Notable investors include [Raj Gokal](https://iq.wiki/wiki/raj-gokal) from [Solana](https://iq.wiki/wiki/solana), [Marc Boiron](https://iq.wiki/wiki/marc-boiron) from [Polygon](https://iq.wiki/wiki/polygon) Labs, and former [Coinbase](https://iq.wiki/wiki/coinbase) CTO Balaji Srinivasan, showing the firm's strong connections within the industry. [\[1\]](#cite-id-F9XM2HHSs3BLDdLX)​ ## Funding History Fomo has been actively engaged in fundraising since its inception. In November 2025, Fomo raised $17 million in a Series A funding round. Separately, CoinLaunch reports the platform's cumulative total funding exceeded $94 million as of mid-2026, from backers including Coinbase Ventures, Balaji Srinivasan, and Raj Gokal. Fomo's Series B funding round, completed in June 2026, raised $75 million and was led by Index Ventures. This round saw contributions from Union Square Ventures and Benchmark, with angel investors such as Mark Pincus, Humam Sakhnini, and Kevin Hartz participating. [\[5\]](#cite-id-fAaSHuX2sBs8eH6n)​ ## Metrics and Performance As of June 2026, following their Series B funding, Fomo reported having attracted more than 625,000 traders to the platform. These users contributed to over $4 billion in cumulative trading volume, alongside generating 110 million social interactions on the platform. These metrics reflect reported growth. [\[5\]](#cite-id-fAaSHuX2sBs8eH6n)​ In terms of mainstream financial transactions, 68,000 users made their inaugural crypto purchases using Apple Pay on the platform, resulting in approximately $25 million in transaction volume. This indicates Fomo's role in onboarding new crypto investors and simplifying the entry process for broader adoption. [\[5\]](#cite-id-fAaSHuX2sBs8eH6n)​ ## Strategic Vision Fomo's long-term strategic vision includes transforming into a gateway for tokenized stocks, derivatives, and other blockchain assets, aligning with the broader market trends of increased integration of traditional financial instruments on blockchain platforms. This ambition positions Fomo to potentially capitalize on the emerging market for diversified blockchain assets. [\[5\]](#cite-id-fAaSHuX2sBs8eH6n)​ Their integration with established products like TradingView for chart analysis and Awaken for tax purposes further shows Fomo's commitment to combining crypto trading functions with necessary support tools, creating a trading environment for all types of users. [\[3\]](#cite-id-vhzXueRiPloX6kdN)​ Fomo combines cross-chain trading functionality with social features and consumer-facing onboarding tools such as Apple Pay integration.