Blum, a Telegram-based decentralized exchange with a gamified approach, attracted a $5 million capital investment. Gumi Cryptos Capital led this funding round, with reputable companies like Spartan, No Limit Holdings, YZi Labs, and OKX Ventures also participating. Blum aims to utilize this capital to expand its trading platform on Telegram. The rapid growth of Blum has caught the attention of the web3 community, becoming one of the largest crypto communities with over 32 million members on Telegram. Since its official launch in July 2024, Blum has achieved significant milestones, including the highest unique wallet activity with 2.2 million unique wallets. This rapid adoption, coupled with a shift from a tap-to-earn to a trade-to-earn project model, has positioned Blum as a key player in decentralized trading. With this capital infusion, Blum plans to implement new features such as multi-blockchain support and further develop its trading bot, which has already attracted over 1 million users, making it the largest trading bot on Telegram. Additionally, the Blum team intends to expand their Blum Memepad platform, used for creating meme coins within the same user interface. This project, leading in the TON network, has created over $200 million in transactions and 200,000 tokens, securing a global rank of second place. Blum has also received funding from Binance Labs. With a shift away from click-based crypto games, Blum focuses on smart trading and AI-based features to maintain long-term user engagement. Vlad Esmerkis, Blum’s marketing director and founder, emphasizes their ultimate goal of creating a trading program that caters to traders’ and the community’s needs. Visit the real-time digital currency price page to see the live prices of all tokens and cryptocurrencies.
