Currently, Telegram Bot has become an essential tool for professional cryptocurrency investors. It has provided significant support in the investment process with useful features such as onchain tracking, wallet checking, price fluctuations updates, news, and new listings on decentralized exchanges (DEXs).
Thanks to its utility, Telegram Bot has gained attention from the cryptocurrency community, leading to remarkable growth in the token market segment. For example, the market capitalization of Telegram Bot tokens has surpassed the milestone of 155 million USD, doubling its value in just two weeks, and the daily trading volume reached a record high of 10 million USD. By the beginning of August, the market capitalization had further surpassed 190 million USD.
Moreover, the number of users also reached a record high in July, with over 6,000 daily users. This demonstrates the strong development of Telegram Bot in providing cryptocurrency services and generating stable revenue, with earnings reaching up to 15,500 ETH.
Telegram Bot supports cryptocurrency transactions by allowing users to interact and execute trades through messages on the Telegram app. These bots are often connected to decentralized or peer-to-peer cryptocurrency exchanges, enabling users to conduct transactions conveniently and quickly.
According to Jie Xuan Chua, an analyst at Binance Research, Telegram Bot is becoming increasingly important in the cryptocurrency ecosystem due to its flexibility and various services it offers. These bots are carving out a significant position in the world of cryptocurrencies.
One of the prominent Telegram Bots currently is Unibot. It has played a significant role in the recent surge in Telegram trading bots. Notably, UNIBOT experienced a 400% increase by the end of July, reaching an all-time high of 199 USD on July 28, capturing over 77% of the Telegram Bot market capitalization.