Fomo overtook Pump.fun in daily Solana revenue on Friday: $1.76M vs $1.1M. That is a single-day crossover, not a regime change. Pump.fun still leads on a 30-day basis. The signal here is rotation within the memecoin launchpad layer, not necessarily new capital entering Solana. SOL itself is roughly flat over 24h at $104.52, with BTC dominance near 59.2% and overall market cap down about 3%. When macro risk appetite softens and BTC dominance stays elevated, alt-layer revenue spikes often reflect fee competition and user churn rather than durable demand. One day of outperformance is a data point, not a trend. Watch whether Fomo sustains daily revenue above Pump.fun for a full week, and whether that correlates with any uptick in SOL onchain activity beyond launchpad fees.