A historical study by blockchain data provider Bitquery revealed that between January and October 2026, 15% of wallets on the social trading app FOMO app on Solana were profitable before fees, but this figure dropped to 10% after fees. The study found that 32% of pre-tax profitable wallets fell below the break-even point after paying app fees, with fees accounting for approximately 10% of total losses, while the majority of losses stemmed from token trading itself.