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Ark Investment - Ark Invest buys $15.6 million in Circle shares, adds BitMine and Bullish positions.
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AVAX mcap up 67% QoQ to $12.7B; first >$10B quarter of 2025, led by institutional initiatives
Two AVAX-focused vehicles (AVAT and AVAX One) announced with $1.1B committed (targeting $1.7B)
Grove Finance launched a $250M onchain credit strategy; RWA TVL on Avalanche up 252% QoQ to $677M
Avg daily txs across C-Chain + Avalanche L1s up ~137% QoQ to 36.5M; daily active addresses up ~277% QoQ to 19.8M
Oracle network providing real-time price data for crypto, equities, FX, and commodities
Total value secured (TVS) rose 15.6% QoQ to $6.14B, marking Pyth’s second consecutive quarter of growth
Launched Pyth Pro, a low-latency institutional data service offering 1ms updates across 2,200+ price feeds
Partnered with Blue Ocean Technologies to publish overnight U.S. equity data onchain and with the U.S. Department of Commerce to distribute GDP data via the oracle — a first for a federal agency
Helium reached $18.3M in annualized revenue, with all earnings now burned — directly linking protocol use to HNT token value
Over 5,452 TB of data was offloaded from major U.S. mobile carriers (+100% QoQ), as partnerships with AT&T, Telefónica, and others
461K+ Helium Mobile accounts (+48% QoQ) and 1.2M average daily users, driven by low-cost, crypto-native mobile plans and new coverage through LongFi and Movistar Mexico
Businesses and Wi-Fi providers can now join the network using existing routers, further decentralizing infrastructure participation
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Fomo, a mobile-native trading app combining social features with cross-chain functionality, recently announced a $17 million Series A funding round on November 6. The recent round brings fomo’s total amount raised to $19 million, roughly six months after its inception in early May.
How Fomo Works
Fomo is a mobile trading app designed for trading crypto assets across multiple chains through a single, unified interface. Through this process of chain abstraction, the app supports assets ranging from majors to memecoins, and streamlines execution by aggregating user balances into a single cross-chain cash account. This reduces the need for manual bridging, multiple wallets, or gas management.
Each trade on fomo is publicly visible on one’s profile within the app, allowing users to follow others in real-time and view open positions. Social features, such as trader profiles, a referral system, and a public leaderboard, make positions and performance visible to other users through leaderboards and profiles.
Post-Raise Moves
Fomo’s $17 million Series A was led by Benchmark, a top-tier venture firm making a rare but confident bet on the crypto industry. More than 40 participants joined the round, including angel investors, crypto founders and CEOs, and funds such as Archetype and Coinbase Ventures. This fundraising round brings fomo’s total funding to $19 million, following a $2 million pre-seed fundraising round earlier this year. The app has onboarded over 120,000 users and is reportedly generating between $20 million and $40 million in daily trading volume since its launch in May 2025.
With new capital, the team plans to expand its product suite and deepen its social trading infrastructure, targeting pain points related to multichain usability and mobile-first crypto user experience. The founders of fomo ultimately aim to turn fomo into the “social layer” for all kinds of trading. In the future, users may be able to trade a variety of non-crypto assets on fomo’s platform, ranging from prediction markets to traditional securities, which would introduce a different and exciting new regulatory framework for the platform.
