Binance continues to do important work. Binance Research published a report on crypto assets in the “Telegram Bot” category as of yesterday.

The popular exchange, which generally shares positive information, has not added any altcoins in the "Telegram Bot" category to its platform to date.

It seems that Binance exchange may list some crypto assets in this category in the future. Here are the largest Telegram Bot altcoins by market cap:

It should not be forgotten that, as of now, this market is extremely small. Although Binance will not list an altcoin outside the top 1,000, it seems that UNIBOT, IMGNAI and CGPT may be listed on Binance if this trend grows in the future.

Binance Research included the following information in the report it shared about Telegram Bots:

  • In recent weeks, Telegram bots have attracted attention, along with attention from media and prominent figures. Interest in the field has increased due to rising token prices.

  • Offering users various functions such as trading, hunting, airdrop farming, Telegram bots enable crypto users to carry out crypto activities easily and in a user-friendly way via their mobile devices.

  • The total transaction volume has exceeded USD 190 million so far, and the daily transaction volume record was recorded at USD 10 million on July 23, 2023.

  • The revenue model of Telegram bots is to charge users transaction fees and, in some cases, collect sales or purchase “taxes” for transactions made with the bot's own token. A total of $28.7 million in revenue has been generated by Telegram bots so far.

  • Due to the rapid rise of token prices, much of the current activity is thought to be based on price impact rather than organic demand. However, competition for market share of projects is likely to increase in the near future.

  • Users should do their own research before interacting with any Telegram bot. This report does not constitute an endorsement or recommendation of Telegram bots by Binance Research.

Will the new trend of the cryptocurrency industry be crypto assets in the “Telegram Bot” category? matter of curiosity..

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