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Blum

Decentralized exchange with off-chain orderbook

Overview

Blum runs a decentralized exchange that matches orders off-chain and settles trades on-chain. It integrates with wallets like Trust Wallet and MetaMask, enabling users to trade in a single transaction without network switching or native gas fees. The platform supports localized P2P trading and a Telegram-based, mobile-first trading experience with gamified features. Revenue comes from transaction fees and potential partnerships and community initiatives. Blum differentiates itself by combining off-chain order matching with on-chain settlement, tight wallet integration, gas-free trading, and a mobile-first, Telegram-enabled interface to simplify crypto trading for a global audience. Its goal is to provide a convenient, efficient trading experience that lets users manage crypto activity across currencies without juggling multiple platforms.

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About Blum

Simplify's Rating
Why Blum is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

FintechCrypto & Web3Financial Services

Company Size

51-200

Company Stage

Seed

Total Funding

$5M

Headquarters

Dubai, United Arab Emirates

Founded

2023

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Simplify's take

What believers are saying

  • Blum still claims roughly 16.6 million Telegram subscribers, preserving massive free distribution.
  • Blum launched Memepad and spot trading in 2025, expanding monetization beyond airdrop farming.
  • Binance Labs, gumi Cryptos Capital, and OKX Ventures back Blum, aiding partnerships.

What critics are saying

  • Blum Trading Bot entered withdrawal-only mode August 1, 2026, signaling product instability.
  • Perps shut down in March 2026; repeated product resets destroy user trust.
  • BLUM traded near $0.00087 in November 2026, crushing the June 2025 launch hype.

What makes Blum unique

  • Telegram-native trading embeds Blum inside chat, avoiding app installs and chain switching.
  • Blum combines Memepad, Trading Bot, and TradeHub across TON, Solana, and BNB Chain.
  • Off-chain orderbooks with on-chain settlement and gas-free trades reduce retail friction dramatically.

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Funding

Total Funding

$5M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$5M

Benefits

  • Flexible Work Hours
  • Unlimited Paid Time Off
  • Remote Work Options
  • Professional Development Budget

Growth & Insights and Company News

6 month growth

1%

1 year growth

0%

2 year growth

25%
Blum
Jun 11th, 2025
Blum Founders Speak: $BLUM Token, Airdrop & Listings (June'25 AMA Recap)

Blum Labs Inc. has launched a memepad, a trading bot across TON, Solana, and BNB Chain, and introduced spot trading in the mini-app.

Blum
May 10th, 2025
BNB Chain Blitz: Trade with Blum Trading Bot to Win Top Gadgets & USDT

To celebrate the launch of BNB Chain on the Blum Trading Bot, Blum Labs Inc. is launching the BNB Chain Blitz - a limited-time campaign offering premium gadgets and a total of $7,500 in USDT rewards.

CRYPTOMERIA LABS PTE. LTD.
Apr 25th, 2025
Blum Celebrates One Year Anniversary With 'Best GameFi App' And 'Best Trading App' Awards At Blockchain Forum 2025

Telegram-based trading platform Blum marked its first year of operations by participating prominently at Blockchain Forum 2025, one of the most important cryptocurrency gatherings in the CIS region.

TechStartups
Feb 27th, 2025
Funtico’S Cpo Pavel Antohe Joins Panel With Industry Leaders At Aibc 2025

Dubai, UAE, February 27th, 2025, ChainwireFuntico’s Chief Product Officer, Pavel Antohe, took center stage at AIBC 2025 in Dubai, participating in the high-profile panel ‘PLAY-TO-EARN: THE BEST STRATEGIES FOR DECENTRALIZED PLATFORMS AND SOCIAL MEDIA.’ Joined by Sam Shami of Cointelegraph and Gleb Kostarev of Blum.io, the discussion delved into the evolving landscape of Play-to-Earn (P2E) gaming and its future sustainability.Navigating Challenges in the Play-to-Earn SpaceThe P2E sector has faced significant turbulence, with over 30% of blockchain gaming projects either discontinued or cancelled in 2023. Many projects struggled with sustainability, user retention, and economic balance, leading to a critical reassessment of the strategies needed to ensure long-term success. Amidst these setbacks, Pavel Antohe shared valuable insights on the importance of community engagement, asset ownership, and hybrid approaches bridging Web2 and Web3 as key drivers for the industry’s revival.The Path Forward: Merging Web2 and Web3 for Sustainable GrowthRecognizing these challenges, Antohe highlighted that the key to revitalizing the sector lies in a more structured and adaptable approach. During the panel, he emphasized that the next wave of successful P2E games will depend on:Stronger Community Engagement: Building trust through meaningful interactions and incentives.Building trust through meaningful interactions and incentives. True Digital Ownership: Ensuring players have full control over their assets to foster long-term investment.Ensuring players have full control over their assets to foster long-term investment. Hybrid Integration: Merging familiar Web2 experiences with the advantages of Web3 decentralization.By combining these elements, developers can create more sustainable ecosystems that attract both traditional gamers and blockchain enthusiasts, bridging the gap between Web2 and Web3 gaming.Funtico’s Vision for the Future of Web3 GamingFuntico remains committed to innovating and shaping the future of decentralized gaming

Wamda
Feb 15th, 2025
Blum raises $5 million in dual rounds, led by Gumi Cryptos Capital

UAE-based fintech Blum raised $5 million in a pre-seed and seed round.

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