What Is Fomo Family? The Fomo App Explained (2026)

Key facts

Type: Social crypto trading app (spot + perpetuals)
Publisher: Fomo Labs Inc., founded 2025
Launched: May 2025 (mobile) · April 2026 (web app)
Chains: Solana, Base, Ethereum, BNB Chain, Monad, Robinhood Chain
Wallet: Non-custodial, created at sign-up (Privy infrastructure)
Users: 2.5M+ traders claimed on the official site

Verified September 20, 2026. Fees and features can change; confirm inside the official app before trading.

The short answer

Fomo Family is the popular name for fomo, a mobile-first crypto trading app published at fomo.family by Fomo Labs Inc. The app lets you buy and sell tokens on several blockchains from one balance, see what friends and top traders are trading in real time, and follow traders through leaderboards and profiles. Its tagline is "never miss out", which is where the name comes from: FOMO is the "fear of missing out" that drives much of meme coin trading.

The company describes itself as building "the social layer of finance". In practice the product sits between a crypto wallet, a decentralised exchange aggregator and a social network.

What the app actually does

Cross-chain trading without bridging

You hold one balance and can buy a token on Solana, Base, Ethereum, BNB Chain, Monad or Robinhood Chain without manually bridging funds or managing gas on each network. The app routes the trade and shows the total cost before you confirm. See supported chains.

The feed shows trades made by people you follow, by your friends, and by top traders on the platform. Each trade can carry a "trade thesis", comments and reactions. This is the feature that separates Fomo from a plain DEX terminal: instead of scanning charts alone, you see what other people are doing and why.

Leaderboards and trader profiles

Leaderboards rank traders by realised profit over different time windows. Profiles show a trader's history, win rate and current holdings, so you can decide whether they are worth following. Following someone gives you alerts when they trade. Fomo does not automatically mirror trades for you; see copy trading.

Perpetual futures

Since June 2026, Fomo offers perpetuals powered by Hyperliquid and Trade.xyz, with a 0.05% Fomo fee per transaction. Perps let you go long or short with leverage on crypto, indices, commodities and some equities. See trading, perps and stop loss.

Portfolio, P&L and tax tools

A single portfolio view tracks holdings and profit and loss across all chains. The app integrates with Awaken for tax reporting and has TradingView charts built in.

Who made Fomo Family?

Fomo Labs Inc. was founded in 2025 by Paul Erlanger, Se Yong Park and Prashan Dharmasena, three engineers who previously worked at the derivatives exchange dYdX. The company raised a $2M pre-seed from more than 140 angel investors, a $17M Series A led by Benchmark in November 2025 and a $75M Series B led by Index Ventures in June 2026 at a $550M valuation. Full details are on our company page.

How much does it cost?

The app is free. Spot trading fees are quoted per trade and shown on the confirmation screen; they depend on order size, token and routing. Perps carry a 0.05% Fomo fee plus Hyperliquid protocol fees and funding. Network gas and Apple Pay card fees are separate. Our fees page breaks this down with worked examples.

Is it safe?

Fomo is a real, openly operated product backed by well-known venture funds, with published terms and a documented fee policy. The wallet is non-custodial, meaning Fomo Labs does not hold your keys. That said, the tokens traded on the app are mostly high-risk meme coins, and the app is heavily targeted by impersonation scams. Read Is Fomo Family legit? before depositing.

Who should use it, and who should not

Good fit: active traders who want early access to new tokens, people who value social discovery, and anyone who wants one account across mobile and desktop.

Poor fit: long-term investors, people who need fiat bank withdrawals, anyone who wants the lowest possible fees on large orders, and beginners who cannot afford to lose the money they deposit.

Frequently asked questions

What does "fomo" mean in the app name?

FOMO stands for "fear of missing out". The app's slogan is "never miss out", a reference to seeing trending tokens and trader activity in real time.

Is Fomo Family a wallet or an exchange?

Both, in a sense. It creates a non-custodial wallet for you and routes trades through decentralised exchanges and perps venues. It is not a centralised exchange holding customer funds.

When did the Fomo app come out?

The mobile app launched publicly in May 2025. The web app followed in April 2026 and perpetuals in June 2026.

Is Fomo Family the same as Fomo the marketing tool?

No. There is an unrelated "Fomo" social-proof marketing SaaS at fomo.com. Fomo Family (fomo.family) is the crypto trading app covered on this site.