Foresight News|Aug 31, 2026 14:10
[Fomo Acquires On-Chain Data Infrastructure Company Mobula's Related Technical Assets]
Foresight News reports that social trading app Fomo has announced the acquisition of proprietary software and intellectual property developed by on-chain data aggregation and infrastructure company Mobula. Some members of the Mobula team will also be joining Fomo. Fomo disclosed that this acquisition comes during a period of rapid growth: since early July, its user base has more than doubled, surpassing 1.9 million, with over 30,000 new users added daily. Trading volume has increased from $500 million in June to $1.5 billion in July, and is expected to exceed $2.8 billion in August, with annualized revenue surpassing $200 million.
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