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And a few new high-level trends are starting to show themselves in the trading space…and converge.
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.
“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
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 expanding.
Robinhood aimed to become the most user-friendly app for stock trading (and likely won). Since, they’ve expanded into crypto, prediction markets and even sports.
They were incredibly concentrated on making a great user experience, and are winning that battle. And now, they’re starting to expand.
The first expansion was memes and tokens across chains, and the team has alluded to future plans spanning all kinds of markets.
Another upcoming app on MegaETH called Euphoria is taking a similar approach, hyper-focused on tap trading for micro-second markets, with plans to expand.
The takeaway is clear. Build apps that users have fun and like to use, and they’ll spend more time there. And you can feed them new products.
Here’s a rundown of major token, protocol and airdrop news from the day:
Here is the list of other notable headlines from the day in NFTs:
