FOMO perpetual futures trading volume hits all-time high of $414.9 million
Original headline포모 무기한 선물 거래량 4억1490만달러로 사상 최대
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Fomo's perpetual futures trading volume hit a record $414.9 million on June 4, surpassing its previous daily high, according to crypto analyst Adam. The perpetuals business accounted for 43% of the platform's total revenue that day, a revenue share rather than a volume share. Fomo is a social trading app that lets users view and copy other users' trades and positions, and it launched its perpetual futures service on June 11 built on Hyperliquid (HYPE) and Trade.xyz. The milestone matters because it shows social trading platforms are gaining traction in derivatives, with perpetuals becoming a meaningful revenue driver. What to watch next is whether Fomo can sustain volumes beyond the record day and how its Hyperliquid-based offering scales relative to its core social trading business.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Fomo, Adam, Hyperliquid (HYPE), HYPE (HYPE), Trade.xyz
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