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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Nov 05, 2024 10:02 UTC
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TON’s Blum at #1? The Open Platform & Binance Labs Investments to Boost Users
Blum has secured significant backing from The Open Platform to enhance its decentralized exchange on the TON ecosystem.
With 85 million users, Blum aims to dominate the market, leveraging TOP's support and previous investments from Binance Labs.
Overall investments in the TON ecosystem are rising, positioning Blum for rapid growth.
Blum, a leading decentralized exchange in the TON ecosystem, is set to establish itself as the top player in the network. With strong financial and technical support from The Open Platform (TOP), Blum is ready for a transformative journey. Here’s what you need to know about the rising star.
Blum Secures Financial Boost
Reports indicate that Blum has received substantial backing from TOP, although the exact amount of funding is still unclear. Earlier, TOP launched a $10 million growth fund to support development within the TON ecosystem, showing its commitment to enhancing the network’s capabilities.
The real strength of the TON ecosystem lies in its impressive 950 million monthly users. Blum is positioning itself to capture a significant share of this large user base, with plans to become the leading exchange in the ecosystem.
Rapid Growth and Investment from Binance Labs
A couple of months before, Binance Labs made a huge investment in Blum. It has helped Blum achieve a significant improvement in its user base. Blum, with about 85 million users, is now the most popular mini-app on Telegram.
The investment from TOP will primarily be used to improve Blum’s interface. Vladimir Smerkis, Blum’s Chief Marketing Officer, stated that the technical support from TOP will allow the exchange to introduce new features more quickly, enhancing the user experience.
Bright Future Ahead
Recently, Bitget and Foresight Ventures also together invested at least $30 million in GameFi and tap-to-earn projects on TON, highlighting a growing interest in innovative projects within the network.
In conclusion, Blum’s partnership with TOP could transform its platform and significantly boost its position in the TON ecosystem. As Blum continues to innovate and expand, it is on a promising path to becoming the leading exchange in this thriving network.
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