The post Morning Minute: Fomo’s $17M Raise and The Rise of the ‘Everything Apps’ appeared com. Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. . GM! Today’s top news: Crypto majors fall another 3-4%; Bitcoin down at $99,400 ZEC soars past $600, reaches $630 Google announces integrations with prediction markets Polymarket & Kalshi Tether buys $100M of BTC; Robinhood considers adding BTC to balance sheet Fomo app raises $17M from Benchmark, teases web app 💸 Fomo Raises $17M to Build the Social-First Everything Trading App Crypto trading is about to get a lot more social. And a few new high-level trends are starting to show themselves in the trading space. and converge. 📌 What Happened Fomo, a fast-growing retail trading app launched just six months ago, just closed a $17M Series A led by Benchmark. Benchmark led the round but was also joined by crypto heavyweights like Raj Gokal (Solana) and Balaji Srinivasan. Fomo started with meme coin trading specifically, with a focus on UI and social factors like leaderboards, commentary and followers. Starting on Solana, it now lets users trade millions of tokens across chains, without bridging or spinning up new wallets. According to TechCrunch, the app has: 120, 000 users since launching in May $20-40 million in daily volume roughly $150K in daily revenue All while operating with a minimal team. 🗣️ What They’re Saying “Their vision is clean: make crypto assets easy to discover and trade.” Chetan Puttagunta, Benchmark “Once we added Apple Pay, users flooded in. That single step changed the trajectory.” Paul Erlanger, Fomo co-founder 🧠 Why It Matters This was a huge milestone for Fomo. But the bigger takeaway here is a new trend hitting trading, spanning crypto and TradFi. Apps are focusing on user experience, often within a single niche then.