Blum, a gamified decentralized exchange (DEX) on Telegram, recently raised $5 million in a funding round led by gumi Cryptos Capital with support from Spartan, No Limit Holdings, YZi Labs, and OKX Ventures. This investment will drive Blum’s expansion and development of its AI-driven trading platform.
Since its launch in July 2024, Blum has grown rapidly with a Telegram community of over 32 million members and 2.2 million unique wallet activities. The company has shifted from a “tap-to-earn” model to a “trade-to-earn” strategy to engage users in decentralized trading while earning rewards.
Blum plans to enhance its trading functionalities, introduce multichain support, and expand its trading bot, which already has over 1 million users. The company is also developing Blum Memepad, a platform for creating meme coins, which has facilitated over $200 million in trading volume and listed 380 coins.
The decline in “tap-to-earn” games has led Blum to focus on AI-driven trading solutions and user-centric experiences. The recent funding marks a critical milestone for Blum’s growth, with co-founders Gleb Kostarev and Vlad Smerkis emphasizing the importance of strategic partners. Blum is poised to revolutionize the trading experience on Telegram with its AI-powered decentralized trading platform.
