Altcoins● Neutral

Few FOMO app Solana wallets turned a profit once fees were counted

TradingGain Newsroom·1h ago·29 Oct 2026, 14:00 UTC

Bitquery data for January to October 2026 shows only 10% of FOMO app Solana wallets were profitable after fees. Recorded app fees wiped out narrow gains, and token trades caused most of the losses. For traders, the data shows how fees and trading activity can cut into returns.

SOLAt the time of writing, Solana traded at $100.79 (+0.01% in 24h).Live price →

Why it matters

Only 10% of the tracked Solana wallets were profitable after fees.
Recorded app fees wiped out the narrow gains that wallets had made.
Token trades accounted for most of the losses in this cohort.

What to watch next

Watch how fee levels and token trading activity on the FOMO app change, since these drove the losses in this data.

SOLLive chartOpen full chart →

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

Few FOMO app Solana wallets turned a profit once fees were counted — Story card · share it on your status or channel⬇ Download image

More stories

All news →

2h ago

Altcoins● Neutral

Polygon Brings Its Stablecoin Payment Tools to Solana, With Kira as Early User

Polygon has expanded its stablecoin payments infrastructure to Solana. Businesses on Solana can now use one integration to connect bank funding, embedded wallets, cross-chain transfers and global payouts. Cross-border firm Kira is among the first to adopt it.

SOLDecrypt ↗

2h ago

Altcoins● Neutral

Polygon brings its Open Money Stack to Solana after Tron support

Polygon is extending its Open Money Stack to Solana, following earlier support added for Tron. The move comes after Polygon bought Coinme, a sign it is growing its footprint across networks. For traders, it shows Polygon is widening its reach, which can keep its ecosystem in focus.

SOL TRXCointelegraph ↗

4h ago

Altcoins● Neutral

Solflare to repay missed staking rewards after validator goes offline

Solflare says it will cover rewards missed on about $160 million of staked SOL, about 1.56 million tokens, after a validator stopped earning. The wallet has not yet named the firm that held the keys for that validator. For traders, the episode highlights operational risk in staking and the open question of who was responsible.

SOLCoinDesk ↗

1d ago

Other● Neutral

Mirae Asset's Hong Kong unit issues tokenized six-month notes on Solana

Mirae Asset Securities' Hong Kong unit issued six-month notes on the Solana blockchain under its $3 billion program. The move extends blockchain-based distribution to institutional investors. It may signal growing use of tokenized financial products that traders could follow.

SOLCointelegraph ↗

1d ago

Other● Neutral

Google tests new crypto custody tool as AI security risks grow

Google has released its Multi-Party Compute system to a small group of users in private preview. Several major financial institutions are testing it, and Alphabet already uses it to protect its own Ethereum and Solana holdings. For traders, stronger custody security could make large institutions more comfortable holding crypto over time.

ETH SOLCoinDesk ↗

TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.