SOCIAL TRADING AND THE GARDEN OF EDEN

Summary from the TLDR Crypto newsletter

Social trading apps Fomo and Pump have reached 60K-100K daily active users, matching Polymarket, Hyperliquid, and Phantom, while accounting for roughly one-third of all builder code volume on Hyperliquid. Pump has distributed over $450M to deployers, already 15% of Meta's 2025 creator payout total, with memecoin traders absorbing 2-3% per swap, 20-30x the cost of spot exchange fees. The central challenge for these platforms is crossing the speculative onboarding funnel into broader social finance use cases like tokenized stocks and stablecoin savings, a transition complicated by brand names that signal risk-seeking rather than wealth stewardship. Regardless of which app leads, their aggregate volume flows to underlying infrastructure on Hyperliquid and Solana, making that layer the structural winner of the social trading race.