FOMO's momentum is seriously intense. 1/ Trading contracts are flourishing Over the past week, FOMO generated $10.67M in fees, ranking #1 in the DefiLlama Trading Apps category. Axiom came in second, with $6.6M in fees during the same period. FOMO's perpetual contracts business is also scaling rapidly. In the past 24 hours, FOMO Perps recorded $57.5M in trading volume, ranking #3 in the DefiLlama Interface Protocols category, trailing only top projects like tradeXYZ. The key point is that FOMO's perpetual contracts feature only officially launched this June. FOMO has already proven that it not only has users and traffic but can also quickly migrate these users and traffic into new trading scenarios and financial products. If FOMO expands into prediction markets, structured products, and other areas in the future, it wouldn’t be surprising. 2/ Pressure is on Axiom and GMGN Faced with a rising star like FOMO, Axiom and GMGN likely have only two immediate strategies in the short term. First, feature catch-up. This means borrowing ideas and launching similar services to minimize the gap in their product offerings. Second, token issuance. By leveraging airdrop expectations, point systems, and incentive mechanisms, they can enhance user stickiness and slow down the migration of funds and users to competitors. However, for products like Axiom and GMGN that already have strong cash flow, issuing tokens isn’t a necessary financing tool for survival. On the contrary, tokens are more of a strategic play. If played well, they can amplify growth quickly; if played poorly, they might dilute an otherwise healthy business model and drag the platform into higher-cost incentive competition. long FOMO - https://fomo.family/r/iamyourchaos