Fomo became the largest on-chain trading terminal by volume over the past week, averaging approximately $350 million in daily trading volume and capturing about 40% market share. Overall average daily trading volume across trading terminals rose from $73 million in June to $931 million over the past week. On September 8, total single-day volume reached approximately $895 million, with Fomo at $358 million, GMGN at $292 million, Axiom at $92 million, and other terminals combined at $153 million. Fomo, GMGN, and Axiom together accounted for more than 80% of volume.