FOMO, a social buying and selling app, charged charges that pushed 32% of its pre-fee successful Solana wallets beneath break-even in a historic examine by blockchain knowledge supplier Bitquery.
The wallet-outcome examine adopted 829,539 wallets that purchased cash by means of FOMO on Solana from Jan. 13 to Oct. 7, 2026. Its figures, checked Oct. 17, put 15% in revenue earlier than recorded FOMO charges and 10% afterward. Charges accounted for about 10% of mixture losses; most losses got here from the token trades themselves.
The platform is operated by FOMO Labs. Customers can comply with different merchants and resolve whether or not to put their very own trades; following an account doesn’t mechanically copy its orders. The examine measures wallets, not particular person individuals, and covers solely Solana.
Bitquery’s comparability holds the wallets, trades and valuation technique fixed. The change is whether or not recorded USDC funds to FOMO are subtracted. The 32% determine refers to wallets that have been forward earlier than these charges, to not 32% of everybody within the examine.
The 15% and 10% shares are rounded, so the dimensions of that pre-fee successful group can’t be reconstructed exactly from the chart. The 32% crossover is Bitquery’s individually reported end result.
For every pockets, the examine mixed sale proceeds with the worth of unsold cash on Oct. 7, then deducted acquisition spending and FOMO charges. It additionally included trades those self same wallets made outdoors the app within the cash being adopted. The result’s broader than app-only gross sales and consists of marked holdings that had not been offered.
The comparability measures a price’s accounting impression. Buying and selling conduct underneath a distinct value schedule stays untested: cheaper prices may accompany totally different decisions of cash, timing or buying and selling frequency, with totally different outcomes.
A slim constructive result’s particularly uncovered: the recorded app prices can exceed all the achieve. This explains how charges can change who crosses break-even whereas nonetheless accounting for a minority of the cash misplaced.
What FOMO charges value on a small commerce
The historic prices can’t be carried ahead as one common value. Bitquery noticed a commonest price of 95 cents by means of July and 10 cents from August in its pockets examine. FOMO’s present price schedule, checked Oct. 29, describes a number of Solana routes with totally different minimums.
On its lowest-fee route, the revealed cost is 0.1 USDC beneath 5 USDC, 2% from 5 to 47.5 USDC, 0.95 USDC from 47.50 to 190 USDC, and 0.5% from 190 USDC upward. Different routes cost 0.5% with a 0.95-USDC minimal. FOMO says route availability modifications between trades.
For a small order, the minimal can matter greater than the headline share:
| Illustrative 10-USDC commerce | App price | Share of commerce dimension |
|---|---|---|
| Lowest-fee Solana route | 0.2 USDC | 2% |
| Different Solana routes | 0.95 USDC | 9.5% |
The examples illustrate the revealed customary schedule earlier than reductions; precise prices rely upon the route and token. The app additionally lists a 0.05% charge for chosen main tokens with small-trade minimums, and advertises referral reductions. These exceptions make the transaction’s personal quote essential.
The desk exhibits one commerce. FOMO prices on purchases and gross sales, so an entry cost alone doesn’t seize the price of opening and shutting a place. The exit price and the quantity really acquired on sale additionally have an effect on whether or not a dealer breaks even.
FOMO’s phrases, up to date Oct. 26, say spot prices rely upon dimension, token and routing. They are saying the displayed transaction price controls over basic examples, however don’t assure that the displayed price would be the cost utilized. The phrases additionally distinguish FOMO’s price from third-party prices that may change between quote and settlement.
Solana’s price documentation specifies a base price of 5,000 lamports per signature plus an optionally available prioritization price. That describes the community’s charging mechanism; it doesn’t set the business value of utilizing a buying and selling app.
FOMO says it covers Solana gasoline, precedence charges and token lease, so customers don’t pay these objects individually underneath its revealed description. Including them once more to the quoted app price would overstate that specific invoice. Pool or token-contract prices and variations between anticipated and precise execution costs stay separate issues.
A distinct Bitquery audit of app charges and suggestions illustrates why the classes want care. It recorded $422 million collected by 25 matched apps on 711 million fee-paying swaps from Oct. 30, 2025, to Aug. 30, 2026. These are neither the dates nor the pockets inhabitants of the FOMO return examine.
That audit reported a historic 1.85% median-day FOMO price charge. The end result examine reported roughly 0.5% throughout traded {dollars} in its personal window. Totally different weighting and intervals imply the 2 figures reply totally different questions; neither is a blanket quote for a commerce right this moment.
The broader audit additionally separates app charges, Jito suggestions, landing-service suggestions and community prices, whereas excluding pool charges. Its totals can’t be assigned to the later FOMO pockets cohort to provide an all-in value estimate.
Decrease charges go away the token danger
Bitquery reported separate medians of $130 spent on cash, about $4 paid in FOMO charges and a $25 general loss. These describe the distributions throughout wallets and can’t be subtracted into one consultant dealer’s end result. Recorded app charges totaled about $40 million.
The estimated greenback loss was extra delicate to unsold holdings than the share of wallets forward. Bitquery’s baseline lack of about $395 million turned $204 million utilizing uncapped final costs, or $490 million when unsold tokens have been valued at zero. Every estimate makes use of a distinct mark for holdings nonetheless owned on the finish of the examine.
Complete-wallet profitability after charges stayed between 9% and 12% underneath different assumptions. The persistence of that end result issues extra to the price query than the precise valuation of each remaining token: most wallets have been behind even because the loss estimate modified.
Protection is bounded by lacking venues and knowledge gaps, the omission of cash already held earlier than Jan. 13, and USDC-only price totals. The outcomes describe the recorded Solana cohort underneath these assumptions.
mycryptopot’s current protection of whether or not leaderboard income could be copied and early shopping for as Solana slots shortened examined totally different obstacles to buying and selling returns. The FOMO comparability provides a measurable app-pricing impact to that dialogue.
The break-even take a look at is what stays after the app’s entry and exit prices. Cheaper entry can protect a slim achieve or cut back a loss.
