Telegram bot tokens have reached a market cap of over $90 million, doubling the sector's valuation in less than two weeks. These bots allow users to implement on-chain trading or farming strategies through the messaging app by linking wallets to the bots or creating new Ethereum wallets within them.

Unibot is the most popular Telegram bot in the niche, enabling automated trading on the Uniswap decentralized exchange with features such as snipping and revenue sharing. While using these bots involves a degree of risk, the cumulative trading volumes handled by Telegram bots have reached an impressive $77 million since May 2023, with Unibot alone accounting for $57.2 million of the total.