fomo on Ethereum

Why Ethereum trades on fomo cost more and settle slower, what the higher minimums are, and why it is the one spot chain whose fees rose after September.

Updated Fact-checked November 10, 2026 Data as of November 8, 2026 7 sources
Short answer

Ethereum is the most expensive network on the fomo app: you pay Ethereum gas on top of fomo's 0.50% fee, the minimum sell is 5 USDC (2 USDC elsewhere), and the deposit minimum is the highest of any network and can change. It was the only spot chain whose fomo fees grew from September to October 2026, up 17% to $491K (DefiLlama). In the 30 days to November 8, 2026, Ethereum accounted for 1.9% of fomo's fees ($197K of $10.3M, DefiLlama).

At a glance Blockchain fomo trades on
Link to fomo
An EVM network fomo trades on through Relay; gas is paid by you and is highest here
What it is
The original smart-contract chain; the costliest to use
fomo data starts
May 15, 2026(DefiLlama data start, not a launch date)
Deposit asset
USDC
Deposit minimum
The highest of any network; shown in the app and it can change
Network fee
You pay the network fee
Explorer fomo names
etherscan.io
Share of fomo's fees
1.9% $197K, 30 days to November 8, 2026
Official site
ethereum.org

What a trade on Ethereum costs on fomo

fomo's own fee on one buy or sell, from fomo's published schedule (computed, not measured). The network fee comes on top and is shown in your quote. Pool fees, price impact and token taxes are extra. Full schedule and calculator.

Trade sizefomo feeRateWith a code
$25$0.13 + network0.50%$0.11
$100$0.50 + network0.50%$0.45
$1,000$5.00 + network0.50%$4.50

Share of fomo's fees, last 30 days

Measured: fees paid to fomo by chain, DefiLlama, 30 days to November 8, 2026. EVM fees are booked on the chain a trade settled on. Month by month.

What Ethereum is, and why it costs more on fomo

Ethereum is the original smart-contract blockchain, and the network that layer-2s such as Base and Robinhood Chain settle to. Its block space is scarcer, so its network fee, called gas, is higher and swings more than on those layer-2s. fomo’s help centre is direct about it: “Ethereum carries higher network costs than the other networks and takes longer to process.”

Three fomo-specific points follow from that:

  • You pay the gas. The network fee “is set by the Ethereum network and paid to it, not to fomo, and it applies to sells as well as buys.” On Ethereum fomo shows that figure inside the total you enter rather than adding it on top. When it is a large share of the trade, the app asks you to tick “I understand” before it goes through.
  • Higher minimums. The minimum sell is 5 USDC (2 USDC on most networks), and the deposit minimum is “the highest and it can change”. fomo suggests clearing it comfortably rather than landing at the line.
  • Deposits wait out gas spikes. A deposit can show as pending, or “failed to process”, while gas is high. The money is at your own deposit address and moves once fees ease.

fomo’s fee itself is the same as on the other EVM networks: 0.50% per trade, or 0.45% with a referral code. The table above works out fomo’s part; on Ethereum the network fee is the bigger unknown, so read the Network fee row in your quote. If you hold ETH but no USDC, the deposit screen offers a Sell tile to turn it into cash. fomo names etherscan.io as the explorer.

Ethereum’s fee line on fomo

DefiLlama’s fee data for fomo on Ethereum starts on May 15, 2026, later than Base, BNB Chain and Monad (December 2025). That is a data start date, not an announcement.

Ethereum is small for fomo but it moved against the trend. Monthly fees from DefiLlama’s daily series (read November 10, 2026):

Month Fees on Ethereum
June 2026 $64.8K
July 2026 $115K
August 2026 $250K
September 2026 $420K
October 2026 $491K

Every other spot chain fell from September to October 2026; Ethereum rose 17%. Its busiest day was September 29, 2026 ($73K), and several of its biggest days came in early October. DefiLlama does not break this down by token, so we cannot say what traders were buying. Its current share of fomo’s fees is in the bars above.

JomoBench is independent and not run by fomo. Fee shares come from DefiLlama and refresh every two hours. How we check facts.

Questions people ask

Why is my Ethereum deposit to fomo pending?

fomo's help centre says the step that credits an Ethereum deposit is committed on Ethereum, so when gas spikes it waits rather than paying the spike. The funds sit at your deposit address, which is your own wallet, and move once fees ease while the app is open. Re-sending or reopening the app does not speed it up.

What is the minimum sell on Ethereum on fomo?

5 USDC, against 2 USDC on most other networks. When network fees are high, fomo says a sell a little above that can still be too small to route.

Sources

  1. fomo help centre: Trading fees on fomo (Ethereum network costs)
  2. fomo help centre: Deposit minimums and pending Ethereum deposits
  3. fomo help centre: Why can't I buy or sell this token (minimum sell)
  4. fomo help centre: How to deposit funds (Sell tile for ETH)
  5. fomo help centre: Where to find your wallet addresses
  6. DefiLlama fee adapter for fomo (Ethereum from 2026-05-15, Relay network 1)
  7. DefiLlama: fomo fees by chain, daily (read 2026-11-10)