Zach Anderson
February 13, 2025 07:03
OKX Ventures invests in Blum, a innovative transaction app in Telegram, to improve the ton ecosystem. Blum achieves a significant milestone with 90 million users and strong beings in Dexs.
OKX Ventures, an investment department at Global Crypto Exchange OKX, has announced strategic investment in Blum, a pioneering trading application designed for Telegram users. According to OKX Ventures, this movement emphasizes the promise of OKX Ventures to develop the ton ecosystem.
Blum’s rapid growth and achievements
Since its founding in April 2024, Blum has earned quickly in Crypto World. The app connects the distributed (DEX) and centralized (CEX) exchanges to provide 90 million user base. The Blum’s Telegram channel has become 33.4 million members worldwide. The platform also wins the sixth season of Open League, and boasts the highest onChain user activity with 2.2 million unique wallets.
The main function of the TON block chain, Blum’s MEMEPAD, leads to a daily trading volume and ranks second worldwide. MEMEPAD promoted $ 200 million in trading volume, 200,000 tokens were created, and 380 tokens were listed on DEXS. Blum Labs, the accelerator of the platform, has successfully developed 20 blockchain projects, including notable names such as PAWS, GAMENSS and NUTSCOIN.
Investment to strengthen the tone ecosystem
JEFF REN, a partner of OKX Ventures, expressed his passion for investment and emphasized the possibility of further cooperation with Blum. Ren said, “We are pleased to invest in BLUM, a distributed exchange of tokens on centralized and distributed platforms. We also mentioned plans to strengthen our dedication to the development of the TON ecosystem by attracting more users by partnering through the OKX Connect.
Fund financing round and future plans
The investment in Blum was part of the financing round led by Gumi Cryptos Capital, and there are donations from TOP.CO, YZI LABS, Spartan, Limit Holdings, Bitscale Capital, Wintermute and Nomad Capital. At the same time, Blum announced an updated roadmap that summarizes the product strategy in 2025, suggesting continuous innovation and growth.
OKX Ventures, which has a $ 100 million capital promise, focuses on discovering and supporting breakthrough blockchain projects worldwide. Their investment in Blum is evidence of strategies to foster innovation and promote the healthy evolution of the blockchain industry.
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