Fomo's weekly revenue drops 59% to $3.96 million after five straight declines
- —Weekly protocol revenue fell 59% from a $9.59 million peak to $3.96 million
- —The peak came in early September after earlier records of $1.57 million and $2.64 million
- —30-day revenue has ranged between $22 million and $32 million
- —A roughly 0.5% swap fee is the main revenue source; there is no governance token
Why it matters: Fomo's slowdown reflects cooling on-chain activity on Solana and may signal weakening retail demand for DeFi apps.
Source: Crypto Briefing