Mobula, an on-chain data aggregator and infrastructure company, has been acquired by fomo, the New York-based social-first trading platform for on-chain markets, in a $17M transaction. Certain members of the Mobula team will join fomo as part of the deal, bringing deep expertise in on-chain data infrastructure. The acquisition comes as fomo surpasses 1.9 million users, paces toward more than $2.8B in monthly trading volume, and approaches a $200M annualized revenue run rate — growth that has outpaced the platform’s reliance on third-party data providers. “As fomo scales, we’re investing in technology that will support the next phase of the business,” remarked 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.”
As fomo scales, we’re investing in technology that will support the next phase of the business. 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. – Paul Erlanger
Mobula was cofounded by Sacha Marcus and Sacha Delhoux and is backed by Cetacean Capital. The company built an on-chain data aggregation and infrastructure platform serving blockchain developers and enterprises, providing market data, wallet data, and metadata via REST, GraphQL, and SQL interfaces. As part of the acquisition, Sacha Marcus will join fomo’s engineering team alongside CTO Sacha Delhoux and Head of Infrastructure Cyril Conan. The acquired technology will be further developed with a focus on improving data reliability and performance across fomo’s platform.
Founded in 2025 by Erlanger, Prashan Dharmasena, and Seyong Park, fomo is backed by Index Ventures, Union Square Ventures, and Benchmark. The platform abstracts away wallets, gas fees, and chain routing to give everyday consumers a single account and balance for trading across blockchain ecosystems. Since the start of July, fomo’s user base has more than doubled to over 1.9 million, with 1.2 million active in August alone and the platform adding more than 30,000 new users each day. Trading volume tripled from $500M in June to $1.5B in July, and the company is on track to exceed $2.8B in August — implying a run rate of more than $200M in annualized revenue. The platform has also ranked as high as No. 3 in the Finance category on the iOS App Store.
The deal reflects a strategic shift for fomo as its scale demands tighter control over on-chain data and global infrastructure — systems the company previously sourced from a fragmented set of external providers. By bringing the Mobula technology in-house, fomo gains the technical foundation to support its expanding product surface, which now includes fomo Web (approximately 25% of total platform volume), fomo Perpetuals, and the recently launched Clans feature for organized community trading. “We built Mobula with the goal of making on-chain data and infrastructure faster, more reliable and easier to build on,” said Sacha Marcus, Founder of Mobula. “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. We’re excited to bring the team and technology together and see what we can build at this scale.”
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. – Sacha Marcus
