Telegram trading bots burst on the scene last summer, offering the market a much-needed fun new concept in the midst of a lethargic bear market. Trading bots were a major driver in the memecoin rally that pushed PEPE to $1.5B market cap in Jul. 23.
The bot narrative lost steam as the memecoin phase subsided, but trading bots have continued to gain users and add new features. In this report, we will unpack the impressive fundamentals of Telegram bots, and discuss their role in the DEX landscape moving forward. Are telegram bots a profitable niche, or income giants just getting started?