Fomo Co-Founder: The Next Breakout App Won't Call Itself Crypto
Спикеры
Se Yong Park
— Co-Founder, FOMO app
FOMO co-founder Se Yong Park explains the record August fee growth and roughly 100,000 daily traders on the app, driven first by Solana activity and then by Robinhood Chain's launch reactivating on-chain trading. He discusses why Farcaster and Zora struggled, prediction markets converting bettors into traders, and his view that DeFi moving finance on-chain is inevitable. Looking ahead, he expects the next breakout consumer apps to be crypto-powered but not crypto-branded.
- FOMO app posted record August fees and roughly 100,000 daily traders.
- Growth was driven first by Solana activity and then by Robinhood Chain launching and reactivating wallets.
- Park argues institutional adoption ultimately benefits consumers and consumer trading.
- Farcaster and Zora lacked first-class standalone product experiences for social finance.
- Prediction markets could convert sportsbook bettors into traders.
- DeFi and on-chain finance are seen as a matter of when, not if.
- Q4 outlook favors more use-case-specific blockchains and crypto-powered but not crypto-branded apps.
Идеи
Crypto market entering long bull market.
The crypto market looks strong and is leaving the bear market for what he expects to be a long bull market. Majors are cooperating, onchain activity is doing well, and there is increased appetite to trade Bitcoin, memecoins, and AI coins, with prediction markets and perps showing life.
Solana and Robinhood Chain driving growth.
Solana first drove FOMO's growth starting in July as activity returned and new narratives emerged. Robinhood Chain then launched and brought fresh life back to on-chain trading by reactivating wallets and creating new launchpad and AMM opportunities, with FOMO benefiting as a multi-chain venue.
Prediction markets converting bettors into traders.
Prediction markets are currently attracting bettors who resemble sportsbook users, but continuous live markets with real-time odds and liquidity allow trading in and out intra-event. As prediction markets go mainstream, this will teach users that they are traders of odds, creating convergence with token and stock traders and funneling more people into trading.
DeFi on-chain finance will prevail.
The DeFi thesis that all of finance moves on-chain is right and will prove out; it is a matter of when not if. Stablecoin payments, remittances, and merchant purchases are paths for blockchain to grow finance, and the transition to a modern DeFi economy will eventually prevail.
Next breakout apps crypto-powered, not branded.
For Q4 and beyond he expects fewer generic layer-1 launches and more specific use-case blockchains powering payments and other functions. The next breakout consumer app will likely not be crypto-branded but will be powered by crypto for benefits such as distribution and transparency.
Далее
This CoinDesk video, published August 26, 2026, features Se Yong Park discussing Crypto Market, BTC, SOL, Robinhood Chain, PREDICTION MARKETS, DEFI, Crypto-powered consumer applications, Application-specific blockchains. 5 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Se Yong Park · Tickers: Crypto Market, BTC, SOL, Robinhood Chain, PREDICTION MARKETS, DEFI, Crypto-powered consumer applications, Application-specific blockchains