What is the fomo app?

The fomo app (written in lowercase, as the company writes it) is a crypto trading app made by FOMO Labs Inc., a Delaware corporation (Terms §1). It runs on iPhone, Android and in a browser at fomo.family. fomo’s own one-line description: “fomo is a trading app for iOS and Android, and on the web at fomo.family” (help centre).

The name is the internet slang for “fear of missing out”. The app is something different from the feeling; if you landed here looking for the word, see fomo the app vs FOMO the word.

What you can do in it

• Buy and sell tokens. Mostly memecoins and other small tokens, plus major ones such as BTC, ETH and SOL. You sign up with an Apple ID or a Google account; there is no seed phrase to write down.
• Trade on several blockchains from one balance. fomo says it supports trading “across Solana, Base, BNB Chain, Monad, Ethereum, Robinhood Chain, Arc, and Elysium from a single cash balance” with “No bridging, no network switching, no separate balances.” A blockchain is the public network a token lives on. Elysium is the newest; fomo’s “Supported chains” article added it in November 2026. See the chains fomo supports.
• Follow other traders. Every trade on the platform appears in a real-time social feed. You can follow traders, read their notes on a trade (fomo calls them theses), and see what they hold. There are leaderboards and team-style groups called clans. See the feed and leaderboards.
• Trade perpetual futures (outside the US). Perps are bets on a price with leverage that never expire. fomo sends these orders to Hyperliquid, a separate trading venue. They are not available to US persons. See fomo perps explained.
• Pay in with cash or crypto. Apple Pay, debit card, Pay with Coinbase, bank transfer for some US accounts, or USDC (a dollar-pegged stablecoin) sent from another wallet.

Your wallets are non-custodial, which means fomo says it cannot move your tokens: “No one at fomo can move, hold, or touch your tokens.” The wallet technology comes from a third party, Privy, and you can export your private key from Settings (wallets and keys).

What it costs, in one sentence

fomo charges 0.50% on most trades; on Solana, small trades follow a minimum-fee schedule instead, some major tokens are charged 0.05%, and on chains other than Solana you also pay the network fee. The exact amounts by trade size are on our fee page, which is computed from fomo’s published schedule. A referral code changes only the 0.50% rate, to 0.45%; it does nothing on the small-trade fees (what a code does).

What traders actually paid on average is a different number from the sticker. We measure it from public data on the Bench.

What fomo is not

• Not an exchange that holds your money. fomo’s terms say “The Fomo platform and Services do not custody user assets.” Your tokens sit in wallets tied to your account, not in a pooled exchange account.
• Not a broker-dealer or a regulated adviser. The terms say: “Fomo is not registered or licensed as a broker-dealer, investment adviser, investment manager, commodity trading advisor, or other regulated financial services provider” (§18). There is no deposit insurance of the kind a bank or broker carries.
• No copy trading. “fomo does not have a copy trading feature,” says its help centre. Following someone adds their trades to your feed; it never places a trade for you. Some outside tools offer to copy fomo traders; fomo does not run them (fomo copy trading).
• No token. There is no fomo coin, points programme or promised airdrop. The terms say “No Program promises a future token, airdrop, or equity award” (is there a fomo token?).

How big it is

All user counts are fomo’s own, unaudited claims from different dates: “more than 625,000 people have joined fomo” (Series B post, June 22, 2026), “trusted by 1,000,000+ users” (store listings) and “join 2,500,000 traders” (homepage, November 9, 2026). Store figures we read on November 10, 2026: 4.80 stars from 27,002 ratings on the US App Store; 4.5 stars from about 8,800 ratings and “1M+ Downloads” on Google Play.

Fee income tells you more about how much it is used, and it is public. Traders paid fomo $10.3M in the 30 days to November 8, 2026 by DefiLlama’s count. fomo’s fees peaked in September 2026 at about $35.9 million for the month and fell sharply after; how fomo makes money has the live breakdown.

Before you use it

Most small tokens lose most of their value, and a social feed full of winning trades does not change that. Perps with leverage can wipe out a position. If you want to check the app first, read is fomo legit? and who owns fomo, and only use fomo.family and the official app store listings (official links).