True innovation in a bear market: Behind FOMO and ANTFUN financing, decentralized social networking is moving towards social trading

Comparing news, against the backdrop of the continued downturn in the crypto market, the two social trading apps FOMO and ANTFUN have successively received financing, or indicate that decentralized social networking is shifting from the past content social paradigm to a new form centered on transactional relationships.

Among them, the US crypto trading app FOMO has successively completed Series A financing of 17 million US dollars led by Benchmark and Series B financing of 75 million US dollars led by Index Ventures and Union Square Ventures since receiving a seed round of 2 million dollars in 2025.

ANTFUN, an Asian social trading wallet, recently completed a $5 million strategic round of financing through AntFun Token after receiving support from institutions such as Folkman Venture and MimStream.

Decentralized social networking experiments in the past few years, represented by Farcaster, Lens, etc., essentially moved traditional social models such as Twitter and Medium to the chain, but failed to create new user behavior, so mass products were never born.

By contrast, FOMO and ANTFUN are not rebuilding decentralized Twitter, but rather building social networks around transactions. Users follow real traders and friends. Their information flow consists of trading behavior, position changes, and earnings, and the transaction records themselves become new social contacts.

Naturally, this model has a closed loop of commerce. User communication, following, and order posting are ultimately converted into transaction behavior, and a source of revenue is formed through processing fees, so that social networking is used to acquire customers, and transactions are monetized.

In terms of product form, FOMO and ANTFUN each represent two different paths in the US and Asia. FOMO is based on the X platform network and favors open square communication; ANTFUN relies on contacts and community relationships, and places more emphasis on private networks of acquaintances.