Telegram trading bots have attracted scores of crypto traders. They allow their users to bet on tokens as easily as sending messages on the popular messaging application.

Unibot (UNIBOT) is the leader in this pack. It launched in May, and has quickly gained a cult-like following. UNIBOT tokens are up over 54% in the last week and the team reports a steady increase in users, , according to Dune Analytics data.

Unibot users traded $54,000,000 worth of tokens through the app. The platform returned nearly $1 million to users. The rewards are proportional with the number of tokens owned, with holders receiving 40% transaction fees and 1% UNIBOT trading volume.

It is possible that the appeal of such products comes from their ease of use compared to a decentralized platform, like Uniswap. Users would not have to log into their wallets constantly, check if their token information was correct and pay high fees for their trades to go through.

, popular Crypto Twitter trader at @blknoiz06, writes about the unibot. “The main problem with trading on-chain was terrible UX. Unibot allows you easily to market buy/sell with 1 telegram message,” explains. explains, @0xKawz. Another trader, “Trading through telegram allows for quick swaps, scalps and more.”

In the last 24 hours, traders have seen new tokens like Wagiebot (WAGIEBOT), 0xSniper (0XS), Bridge(BRIDGE), and Bolt(BOLT) jump as much as 500% as they try to emulate Unibot’s success.

CoinGecko’s data indicates that the total market cap for this niche industry is still below $100 million. This could mean higher returns and greater profits for traders as it grows.

Parikshit Miishra is the editor.