Fomo Acquires Mobula's On-Chain Data Technology for $17M, Three Engineers Joining the Team

FOMO has acquired the proprietary software, intellectual property, and key engineering team of Mobula, an on-chain data aggregator, for $17 million, a price CEO Paul Erlanger confirmed to Axios Pro in an exclusive published August 31. Fomo announced the deal in a press release the same morning. Three Mobula personnel are joining Fomo as part of the deal: founder Sacha Marcus, CTO Sacha Delhoux, and Head of Infrastructure Cyril Conan.

Mobula built the real-time data layer that was already operating inside Fomo's platform. According to Mobula's own case study documentation, it supplied trending token feeds, cross-chain search, and a real-time discovery feed via WebSocket, with security signals embedded directly in every token response before data reached users. Those signals flagged bundler and sniper activity, developer wallet concentration, insider holdings, and liquidity depth, and Fomo applied threshold filters blocking tokens with bundler holdings above 15%, sniper concentration above 10%, developer wallet retention above 20%, or liquidity below $20,000. The architecture put security screening at the data layer rather than in the interface.

"As fomo scales, we're investing in technology that will support the next phase of the business," CEO Erlanger said in the press release. "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."

Fomo's Scale Made External Data Providers a Structural Risk

Per the press release, the platform's user base more than doubled between the start of July and the end of August, crossing 1.9 million total users, with 1.2 million active in August and more than 30,000 new users joining each day. Fomo reached as high as third in the iOS App Store Finance category during the same stretch.

Trading volume followed the same trajectory: $500 million in June, $1.5 billion in July, and a pace toward $2.8 billion in August. Monthly revenue is running at roughly $17 million (a distinct figure from the acquisition price), implying an annualized run rate above $200 million. At that scale, the set of external infrastructure providers Fomo had assembled carried reliability and performance risk the company decided to address through ownership rather than contract.

Mobula Remains Independent as IP and Engineering Team Move to Fomo

Mobula continues operating as an independent entity. The acquisition covers the intellectual property Mobula developed and the three engineers who built it. Fomo plans to develop the technology with a focus on improving data reliability and performance across the platform, per the press release.

The deal extends a run of platform additions at Fomo. Per the press release, Fomo Web now accounts for roughly 25% of total volume, Fomo Perpetuals has continued to grow, and the company introduced Clans in August, a feature that lets groups of traders organize and compete together. The company's backers include Index Ventures, which led a $75 million Series B in June 2026 at a $550 million valuation, alongside Union Square Ventures and Benchmark.

Fomo's 46% share of Solana trading platform spot volume and its earlier climb past Axiom by daily volume established it as the highest-volume consumer trading app on the network. Bringing the data layer in-house reflects a shift from building on third-party infrastructure to controlling the systems that underpin the core product.