fomo, a trading platform designed to simplify access to on-chain markets for everyone, has announced the acquisition of proprietary software and intellectual property developed by Mobula, an on-chain data aggregator and infrastructure company. Certain members of the Mobula team will also join fomo, bringing deep on-chain data expertise to help the platform develop its own data capabilities as it scales.

The acquisition arrives at a pivotal moment for fomo. Its user base has more than doubled to over 1.9 million since the beginning of July, and the platform is now adding more than 30,000 new users each day. More than 1.2 million users were active in August, and the company has climbed as high as No. 3 in the Finance category on the iOS App Store.

That growth is translating into rapidly rising activity on the platform. fomo tripled its trading volume from $500 million in June to $1.5 billion in July. In August, the company is pacing toward more than $2.8 billion in monthly trading volume and approximately $17 million in monthly revenue, implying a run rate of more than $200 million in annualized revenue.

As fomo has scaled, the demands on its underlying infrastructure have changed just as quickly. The company now operates at a scale that requires greater control over the systems responsible for on-chain data and global infrastructure. The acquired IP will enable fomo to develop these capabilities in-house rather than depend on a fragmented set of external infrastructure providers. The move reflects a broader pattern among crypto and fintech companies that reach consumer scale: as trading platforms grow, the cost and complexity of relying on third-party data and infrastructure providers often push them to internalize core technology, giving them more direct control over performance, reliability and the pace of product development.

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

Mobula was founded by Sacha Marcus, who will join fomo's engineering team alongside Mobula CTO Sacha Delhoux and Head of Infrastructure Cyril Conan. The technology will be further developed by fomo with a focus on improving data reliability and performance across the platform. For a platform where users discover and trade on-chain assets, accurate and timely on-chain data — covering prices, liquidity and token activity across multiple networks — is a core dependency: faster and more reliable data pipelines directly affect the trading experience fomo can offer.

"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."

The acquisition also comes as fomo's social layer accelerates alongside its trading activity. The platform increasingly brings trading, discovery and social interaction into a single experience, giving users new ways to discover assets, follow other traders and build an audience around their performance. New traders appear on leaderboards every day, while creators build audiences on fomo. The company is investing in creators, streamers and media partners as it works to create new ways for traders and creators to build distribution and participate in the platform.

fomo has also continued expanding beyond its initial trading product. fomo Web now accounts for approximately 25% of total platform volume, while fomo Perpetuals continues to grow. The company recently launched Clans, giving communities of traders a way to organize and compete together, further extending the social layer around trading. Each of these expansions — web trading, perpetuals, community features — adds new workloads on top of the same underlying data and infrastructure stack, which is the layer fomo is now bringing in-house.

The acquisition is intended to support this broader expansion by giving fomo greater control over the technology underneath the platform as it adds users, markets and new ways to participate. As fomo continues to scale, the company is building toward a more intuitive, social experience for discovering and trading on-chain assets.