OKX Ventures invests in Blum: An innovative trading app on Telegram
OKX Ventures, the investment arm of leading crypto exchange and global onchain technology company OKX, today announced its investment in Blum, an innovative trading app that bridges decentralized (DEX) and centralized (CEX) exchanges for 90 million users. This investment reinforces OKX Ventures’ commitment to advancing the TON ecosystem.
Founded in April 2024, Blum has already achieved significant milestones within just 8 months of its existence:
- Highest Onchain Activity: Blum was named the winner of the sixth Season of The Open League, achieving the highest onchain user activity with 2.2 million unique wallets
- 32M User Telegram Presence: Blum’s Telegram channel is now the second-largest globally, boasting 33.4 million members
- #1 Memepad on TON: Blum Memepad leads the TON blockchain and ranks second globally (based on daily transaction data), with a $200 million trading volume, 200,000 tokens created, and 380 tokens listed on DEXs
- Accelerating Blockchain Projects: Blum Labs, the platform’s acceleration arm, has delivered impressive results by accelerating 20 projects, including PAWS, Gameness, Nutscoin, DUDE, Smartest, Horizontal Labs (Unstoppable Wallet), and Captain Tsubasa RIVALS
By investing in Blum, OKX Ventures emphasizes supporting the TON ecosystem and having more collaboration with Blum in the future. “We are delighted to invest in Blum, a decentralized exchange for tokens from both centralized and decentralized platforms. Blum has more than 90 million users and is one of the largest Telegram Web3 communities. We will establish a partnership with Blum through OKX Connect to jointly attract more users. Through this investment, we want to demonstrate once again our willingness and determination to promote the development of the TON ecosystem,” said Jeff Ren, Partner at OKX Ventures.
This funding round led by gumi Cryptos Capital following with other investors including Top.co, YZi Labs, Spartan, No Limit Holdings, OKX Ventures, Bitscale Capital, Wintermute, and Nomad Capital. Alongside the funding announcement, Blum has also revealed an updated roadmap detailing its product strategy for 2025.
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About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
