Bitquery’s comparability holds the wallets, trades and valuation methodology fixed. The change is whether or not recorded $USDC funds to FOMO are subtracted. The 32% determine refers to wallets that have been forward earlier than these charges, to not 32% of everybody within the research.
The 15% and 10% shares are rounded, so the scale of that pre-fee profitable group can’t be reconstructed exactly from the chart. The 32% crossover is Bitquery’s individually reported outcome.
For every pockets, the research mixed sale proceeds with the worth of unsold cash on Oct. 7, then deducted acquisition spending and FOMO charges. It additionally included trades those self same wallets made exterior the app within the cash being adopted. The result’s broader than app-only gross sales and consists of marked holdings that had not been offered.
The comparability measures a payment’s accounting affect. Buying and selling habits below a special value schedule stays untested: cheaper prices might accompany totally different decisions of cash, timing or buying and selling frequency, with totally different outcomes.
A slim optimistic result’s particularly uncovered: the recorded app prices can exceed your entire achieve. This explains how charges can change who crosses break-even whereas nonetheless accounting for a minority of the cash misplaced.
What FOMO charges value on a small commerce
The historic prices can’t be carried ahead as one common value. Bitquery noticed a most typical payment of 95 cents by July and 10 cents from August in its pockets research. FOMO’s present payment schedule, checked Oct. 29, describes a number of Solana routes with totally different minimums.
On its lowest-fee route, the printed cost is 0.1 $USDC beneath 5 $USDC, 2% from 5 to 47.5 $USDC, 0.95 $USDC from 47.50 to 190 $USDC, and 0.5% from 190 $USDC upward. Different routes cost 0.5% with a 0.95-$USDC minimal. FOMO says route availability adjustments between trades.
For a small order, the minimal can matter greater than the headline share:
The examples illustrate the printed normal schedule earlier than reductions; precise prices depend upon the route and token. The app additionally lists a 0.05% fee for chosen main tokens with small-trade minimums, and advertises referral reductions. These exceptions make the transaction’s personal quote essential.
The desk exhibits one commerce. FOMO prices on purchases and gross sales, so an entry cost alone doesn’t seize the price of opening and shutting a place. The exit payment and the quantity really obtained on sale additionally have an effect on whether or not a dealer breaks even.
FOMO’s phrases, up to date Oct. 26, say spot prices depend upon dimension, token and routing. They are saying the displayed transaction payment controls over basic examples, however don’t assure that the displayed payment would be the cost utilized. The phrases additionally distinguish FOMO’s payment from third-party prices that may change between quote and settlement.
Solana’s payment documentation specifies a base payment of 5,000 lamports per signature plus an non-obligatory prioritization payment. That describes the community’s charging mechanism; it doesn’t set the industrial value of utilizing a buying and selling app.
FOMO says it covers Solana gasoline, precedence charges and token hire, so customers don’t pay these objects individually below its printed description. Including them once more to the quoted app payment would overstate that exact invoice. Pool or token-contract prices and variations between anticipated and precise execution costs stay separate issues.
A distinct Bitquery audit of app charges and ideas illustrates why the classes want care. It recorded $422 million collected by 25 matched apps on 711 million fee-paying swaps from Oct. 30, 2025, to Aug. 30, 2026. These are neither the dates nor the pockets inhabitants of the FOMO return research.
That audit reported a historic 1.85% median-day FOMO payment fee. The result research reported roughly 0.5% throughout traded {dollars} in its personal window. Completely different weighting and intervals imply the 2 figures reply totally different questions; neither is a blanket quote for a commerce in the present day.
The broader audit additionally separates app charges, Jito ideas, landing-service ideas and community prices, whereas excluding pool charges. Its totals can’t be assigned to the later FOMO pockets cohort to provide an all-in value estimate.
Decrease charges go away the token threat
Bitquery reported separate medians of $130 spent on cash, about $4 paid in FOMO charges and a $25 general loss. These describe the distributions throughout wallets and can’t be subtracted into one consultant dealer’s outcome. Recorded app charges totaled about $40 million.
The estimated greenback loss was extra delicate to unsold holdings than the share of wallets forward. Bitquery’s baseline lack of about $395 million turned $204 million utilizing uncapped final costs, or $490 million when unsold tokens have been valued at zero. Every estimate makes use of a special mark for holdings nonetheless owned on the finish of the research.
Entire-wallet profitability after charges stayed between 9% and 12% below different assumptions. The persistence of that outcome issues extra to the payment query than the precise valuation of each remaining token: most wallets have been behind even because the loss estimate modified.
Protection is bounded by lacking venues and knowledge gaps, the omission of cash already held earlier than Jan. 13, and $USDC-only payment totals. The outcomes describe the recorded Solana cohort below these assumptions.
CryptoSlate’s current protection of whether or not leaderboard income may be copied and early shopping for as Solana slots shortened examined totally different obstacles to buying and selling returns. The FOMO comparability provides a measurable app-pricing impact to that dialogue.
The break-even take a look at is what stays after the app’s entry and exit prices. Cheaper entry can protect a slim achieve or cut back a loss.
