fomo Acquires Mobula for $17M to Control On-Chain Data

fomo, a rapidly expanding social trading platform for on-chain markets, has significantly bolstered its infrastructure by acquiring Mobula, a specialist in on-chain data aggregation and infrastructure, for $17 million. This strategic move allows fomo to internalize critical data operations, a move necessitated by its explosive user growth and trading volumes.

The acquisition brings key members of the Mobula team, including co-founders Sacha Marcus and Sacha Delhoux, into the fomo fold. Their expertise in building robust on-chain data solutions is expected to be instrumental as fomo navigates its next phase of expansion. Mobula, previously backed by Cetacean Capital, developed sophisticated platforms offering market data, wallet information, and metadata through various interfaces, serving developers and enterprises.

fomo's impressive trajectory underscores the urgency behind this integration. The platform has surged past 1.9 million users, with daily new user acquisition exceeding 30,000. Monthly trading volume has tripled since June, approaching an annualized revenue run rate of over $200 million. This scale demands greater control over the underlying data feeds, which were previously sourced from multiple external providers, a model that becomes increasingly inefficient and potentially unreliable at this volume.

“As fomo scales, we’re investing in technology that will support the next phase of the business,” stated Paul Erlanger, co-founder and CEO of fomo. “Mobula has built exceptional on-chain technology, and acquiring these assets gives us greater control over our infrastructure as we continue to expand the platform.” This sentiment was echoed by Sacha Marcus, who noted, “We built Mobula with the goal of making on-chain data and infrastructure faster, more reliable and easier to build on. Joining fomo gives us the opportunity to take that technology further and build it directly into one of the fastest-growing consumer platforms in crypto.”

Founded in 2025, fomo has garnered substantial backing from prominent venture capital firms, including Index Ventures, Union Square Ventures, and Benchmark. The platform's core value proposition lies in simplifying blockchain trading for mainstream consumers by abstracting away complexities like wallet management, gas fees, and cross-chain routing. Its recent success is further evidenced by its ranking as high as third in the Finance category on the iOS App Store.

The integration of Mobula's technology is expected to enhance data reliability and performance across fomo's expanding product suite, which now includes fomo Web, fomo Perpetuals, and the community-focused Clans feature. This acquisition aligns with a broader trend in the fintech and blockchain space where companies achieving significant scale prioritize owning and controlling their core technological infrastructure to ensure stability, security, and competitive advantage in a rapidly evolving market.