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The Rise of Perp DEXes: Insights from Blum CEO Gleb Kostarev (Cryptic Talks AMA)

November 1, 2025

The Future of On-Chain Trading: Telegram as the New Trading Hub

Crypto trading is evolving fast due to decentralization and easier access. One significant shift is the rise of perpetual decentralized exchanges (Perp DEXes), which allow users to trade with leverage directly on the blockchain. As crypto users increasingly seek fast, transparent, and social trading experiences, platforms like Blum are redefining how people interact with crypto.

Gleb Kostarev, Co-founder and CEO of Blum, explains how Blum is redefining trading by integrating it directly within Telegram. Kostarev, who previously was an executive at Binance, shares a grounded perspective on balancing accessibility and innovation in decentralized environments. His experience highlights why Blum focuses on making trading open and inclusive for a broad audience while keeping advanced functionality approachable.

The conversation highlights what these developments could mean for the future of online interaction. By combining intuitive design, on-chain technology, and advanced features such as 100x leverage, Blum is bringing crypto trading into everyday online routines. These developments illustrate how technology, community engagement, and user experience are merging to shape the next generation of financial platforms.

Blum is Bridging Telegram and Web3

Blum is the leading crypto ecosystem built in telegram, allowing users to trade cryptocurrencies without switching between apps. It offers features such as up to 100x leverage perps trading, multi-chain trading bot, and Memepad, a tool for launching meme coins directly on the TON blockchain via telegram. By bringing these elements together on one platform, Blum connects communities and simplifies access to decentralized finance.

Unlike other DEXes, Blum focuses on simplicity, security, and community engagement to make crypto trading both accessible and part of daily online life. Blum balances ease of use, on-chain security, and cross-chain flexibility while remaining fully decentralized. According to Gleb, what sets Blum apart is its ability to merge reliable technology, community engagement, and innovative trading tools, creating a trustworthy environment for managing digital assets.

Redefining Accessibility: From 100x Perps to Everyday Trading

Blum uses Telegram as a gateway to crypto trading, letting users access markets directly from the app they use daily. As Gleb explains, the goal is to simplify trading so both beginners and experienced traders can operate on-chain without complex interfaces or multiple apps. By embedding trading into a familiar social space, Blum lowers friction and makes it easier for anyone to start participating.

The platform offers perpetual futures and up to 100x leverage directly inside Telegram, blending simplicity with robust on-chain security. Features like MEV protection, risk controls, and an intuitive interface ensure trades are executed safely and quickly. Gleb emphasizes that this approach opens advanced trading to everyone, giving newcomers a smooth learning experience while providing professionals with the speed and flexibility they need in a community-focused environment.

Memepad and the New Crypto Culture

Blum's Memepad on the TON blockchain offers more than just crypto trading. It allows users to make, launch, and share meme coins directly in Telegram with just a few taps. This tool combines entertainment, community interaction, and investment opportunities, fostering a Web3 culture where participation and creativity are central. Memepad makes creating coins approachable, social, and open, giving anyone the chance to learn and engage with the crypto world. Blum's involvement in the BNB Chain MVB Program and the backing of Binance (YZi) Labs reinforces its credibility and innovative approach. The project demonstrates a commitment to building a secure, multi-chain system that encourages creativity, community engagement, and the growth of decentralized finance, while blending social interaction with practical financial tools.

What's Next for Blum

Down the line, Gleb Kostarev expects Blum to become the trading layer of Telegram, adding more chains, pairs, and integrations. It blends the convenience of Telegram with the security and innovation of DeFi. By adding more chains, trading pairs, and advanced features, Blum aims to make on-chain trading accessible for both new and experienced traders. Gleb envisions the future of perp DEXes as a space where social media and financial tools come together, allowing communities to trade, learn, and grow without leaving platforms they already use.

Blum is shaping how people trade by bringing social interaction, creativity, and on-chain tools together in one place. To explore how you can join this evolving crypto ecosystem and experience features like Memepad or 100x perps, visit Blum.io and discover how trading can be both social and seamless.

This interview originally appeared on Cryptic.

Disclaimer: This article is based on an interview and reflects the personal views and opinions of the featured speaker. It is intended for informational purposes only and should not be considered financial, investment, or legal advice. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions.

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