The Pump/FOMO fight is really about who owns distribution on @solana. From Aug 1 to 7, @fomo routed $139M into @Pumpfun's pre-graduation bonding curve and PumpSwap, accounting for 16% of tracked trading-platform flow and already ahead of Pump’s own Terminal at 10%. Across bonding curve and PumpSwap, total volume reached $2.65B. Tracked trading platforms routed $855M, or 32% of that activity, putting FOMO at 5.2% of total Pump volume versus Terminal at 3.2%. Pump already owns the underlying venues, while its native website and app sit outside this tracked-platform cohort. Terminal is its attempt to also own the fee-paying power trader layer, where specialist front ends capture the customer relationship and additional interface fees. That is why the reported offers matter. Pump is not just competing for volume; it is trying to bring high-value users and their distribution back inside its own stack.