kyle retweeted
team has been cooking on this behind the scenes.
our internal router launched beginning of september and quickly proved itself.
now, combining both the bridge + routing layers allows us to deliver the best possible execution to users.
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
RT @sacha_io: excited to finally announce this. the entire team has put a huge amount of work into making FOMO the best EVM & cross-chain t…
This quoted post is unavailable.
kyle retweeted
when first trading on fomo over a year ago it felt almost unreal buying from one chain to another, even if it took a few seconds.
it was just so simple.
today the magic returns with fomo’s own internal router being the FASTEST in market.
with 10x+ more transactions today than any other app, these improvements are massive for the entire industry.
fomo.
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
kyle retweeted
been shaving off ms and bps last couple days
dune.com/relay/fomo-pump-fun…
It's been productive so far. might do a long form post about the engineering behind this! i believe this is the fastest way to move money and trade across chains in production so far.
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
kyle retweeted
fomo has the fastest cross chain transactions of any trading app and it's not even close
This has been live in stealth for a week now and we were slowly rolling it out for the safety of our users
Today it is available to everyone
Find the fastest and cheapest fills on fomo
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
kyle retweeted
Speed is easy when there’s no traffic. Performance matters most during the busiest times.
During Robinhood Chain’s peak level of activity, @fomo dominated more than 50% of all trading wallets. This period came with a lot of lessons, as we scaled to an ATH of users trading crosschain.
The biggest learning that we found through this period was that when trading volatile assets, only two things matter: latency and execution
Now, fomo owns both the bridging and the routing.
Introducing the fastest crosschain swaps on the market. Crosschain transactions on @fomo now land in <1s.
A week ago, we rolled out our own internal bridge to a small % of users.
Public rollout of fomo bridge begins now.
kyle retweeted
some traders have mentioned they are being offered large piles of cash to leave fomo & trade on another app for 3 months.
our response is and always will be that we will never pay anyone to trade on our app.
the entire fomo network has been built organically. we feel that the only way we can build a long term social platform for finance is for it to be organic.
every social platform allows for better experiences as a user grows. we must allow for the same and do things that scale the social graph.
i.e. attribution, monetization, etc. are problems we MUST solve in order to achieve this goal.
we have lots of exciting things to launch that will allow top users grow with the platform as they bring balue.
on the flip side, we’re also grateful to have helped build a social network where the top users can command such high markets. there are some ppl i speak to where i suggest taking the deal if its something thatll help their life. i am never someone to get in the way of someone and their business.
the value of todays top users on fomo is already so high, and we only expect that to grow. traders are the next celebrities and they will be the biggest celebrities among the current & future generations to come. we hope fomo can steward in that future.
today, people use fomo because it is the best product and because we treat people with respect and transparency. those are the only two things that matter to us.
with scale comes problems to solve. we are committed to making this the best trading product in the world. every waking hour is spent towards working to this goal (including this one).
as always, my dm’s are always open for feedback, issues, and ideas.
kyle retweeted
Ansem loves what fomo has built so far, but he believes that educating the next generation of traders represents the platform’s most significant opportunity
“I love fomo”
“I think fomo's done a great job so far this cycle with hitting the social trends”
“What is going to be interesting going forward is the education piece”
“It's really easy to trade, cross-chain, any assets, stocks, perps, meme coins”
“It's kind of hard for your person who doesn't know what all these assets are to get good education”
“Most people don't even know what market cap is”
“They might size things the exact same way”
Asked by Frank Chaparro what he would like fomo to incorporate, @blknoiz06 focused on helping newer traders understand the markets they're entering.
He appreciates the platform's social trading experience and the accessibility of different asset classes, but sees a gap between making trades easy to execute and helping users make informed decisions.
Someone unfamiliar with market capitalization might approach a $1 million memecoin and a $1 billion asset with the same position size, without understanding the differences in liquidity, volatility or risk.
Ansem also wants users to have better ways to evaluate the traders they follow, understand their strategies and learn how different markets work.
As @fomo attracts people with varying levels of experience, he sees education as an area worth investing in alongside the trading experience.
Making the platform easier to navigate is valuable, and helping users develop better judgment could give them more reason to keep using it over time.
kyle retweeted
Our focus is the long term viability of fomo. That starts with the decisions we make now to create a solid foundation
A foundation where users feel confident that the investment they make now, to build a personal brand and an identity, won't collapse beneath them
Paul Erlanger says fomo is designed around long-term hold time to reward real creators and believers.
“The fundamental fabric and in every decision calculus we make, it’s how do we get and promote a platform where people could hold longer?”
“The creator rewards which we did $15 million in payouts in September alone, are used to incentivize holding on the platform.”
“If you could encourage holding, then as you transition to longer term assets, you could build this underlying social graph where communities can start on any of these things.”
“Right now we’re in the highest friction period, cause we gotta bring the off-chain assets on-chain.”
kyle retweeted
s/o to @fomo, creator rewards have been fucking insane
could probably be making multiples more given my account size, but that would mean blasting every random dogshit coin and turning my followers into exit liquidity
not worth it imo, plenty of money to be made without fucking over your own followers
still a massive W
WE BALL
kyle retweeted
fomo will become the global financial social graph
our goal is to connect anybody in the world with markets and each other
(but plz touch grass once in a while)
kyle retweeted
Have we gotten Darth Jar-Jar yet?
This is better content than anything HBO has put out in the last decade. A non-anime take on female Malfoy in Harry Potter. Obviously it has AI artifacts and isn't perfect but this is not slop at all. People can finally tell the stories they actually want without being gatekept. It's only going to get better from here.
kyle retweeted
random prediction:
the first app that truly nails social trading across perps + stocks will become one of the biggest social networks in the world
social media has always been about identity + status
facebook = your life
insta = your lifestyle
linkedin = your career
the next layer is simply your capital imo
in an increasingly financialized society like we are rn, your portfolio becoming part of your social identity feels pretty obvious
i expect social trading to get a lot bigger as it expands into liquid markets like stocks and perps
we've already seen how much attention public P&Ls can attract in memecoins, but larger markets make it easier for successful traders to scale their positions and share trades without the same liquidity constraints
once people start seeing massive P&Ls on stocks like Apple or Amazon, i think the appeal of following and copying skilled traders becomes much broader
there's a lot more room for social trading to grow beyond memecoins
