#Blum is a hybrid cryptocurrency exchange introduced in April 2024, designed to bridge the gap between centralized and decentralized trading platforms. citeturn0search6 It facilitates trading across multiple chains without requiring users to switch chains or pay native token gas fees. citeturn0search4 #BLUM combines an off-chain order book with on-chain settlements and offers both Multi-Party Computation (MPC) and self-custody options, allowing trades directly from users' wallets. citeturn0search4 The platform is designed to be user-friendly, featuring trading via Telegram and localized peer-to-peer trading. citeturn0search4#TRUMPCoinMarketCap

The native token of the platform, #BLUM , is utilized for various purposes, including trading, social interactions, and participation in the community's reward system. citeturn0search2 As of January 21, 2025, BLUM is trading at approximately $0.01418, with a 24-hour trading volume of $45,490. citeturn0search3.