Fomo Co-founder Claims Its Web Version Could Become the Second Largest Web Platform on Solana
Fomo co-founder Se Yong posted that if the Fomo web application were an independent product, it would become the second largest web platform on Solana, after Axiom. He also pointed out that the web version is currently quite underdeveloped and requires significant improvements, publicly seeking user feedback to understand the features users want to see. Fomo is a mobile-first trading application focused on social trading and copy trading, supporting multiple chains including Solana, allowing users to deposit and trade conveniently through methods like Apple Pay without complex wallet setups. Axiom is currently the high-volume trading terminal on Solana, primarily focused on web/desktop. Se Yong's statement suggests that the Fomo web version already has considerable traffic or user scale, but its product maturity still lags behind its mobile version. In terms of market dynamics, competition among Solana trading terminals unfolds along two lines: mobile social and desktop professional tools, with funds and users leaning towards platforms that cover both ends, putting pressure on single-scenario products. Fomo previously completed a $75 million Series B round led by Index Ventures, with a valuation of approximately $550 million. Source: Public Information
ABAB AI Insight
Se Yong, as a co-founder of Fomo, publicly acknowledges the lag of the web version while emphasizing its potential scale, second only to Axiom, reflecting the team's renewed focus on the web version under a mobile-first strategy. The capital path is evident as they quickly acquire users through social trading and low-threshold deposits, and now aim to enhance the web professional tools, motivated by the desire to capture the high-value trading traffic dominated by Axiom. Similar to other crypto trading applications that have strengthened their web versions after a mobile explosion to retain professional users, the current phase is one of evolution from a single scenario of Solana meme and spot trading terminals to full coverage across all platforms. Essentially, this is about product completion and market share competition, where the web version becomes a key entry point to capture higher average transaction values and more complex strategy users after the mobile version has validated the demand for social trading. ABAB News · Cognitive Law
- The web version often becomes the next battleground after mobile explosion.
- Traffic scale does not equal product maturity.
- Publicly seeking feedback is the fastest signal to address shortcomings.