Blum Listings: A Technological Innovation for the Next Generation of Token Issuance
On April 9, 2025, the hybrid cryptocurrency exchange Blum officially launched the Blum Listings feature, which serves as the core module of its Memepad platform, aimed at providing emerging projects with efficient and transparent token issuance and trading services. This feature simplifies the traditional joint curve model, supports multi-chain compatibility, and integrates with the Telegram ecosystem, achieving the first-ever “no-code” token issuance and instant trading.
Unlike traditional models that rely on preset mathematical formulas and smart contracts, Blum Listings allows project teams to list tokens directly on the Memepad platform without writing complex code. Users can complete the entire process—from token extraction to exchange—via a Telegram bot, with an average transaction response time of less than 20 milliseconds and transaction fees reduced by 70% compared to traditional models. The first project to launch, HashCash, deeply integrated with the Telegram mining application Memhash; users can accumulate points through tasks such as referrals and interactions, exchange these for tokens, and participate in airdrops, with the first day trading volume breaking US$35.7986 million.
Technical Architecture: The Balance of Speed and Security
Blum Listings’ high-performance performance is supported by three core technologies:
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Dynamic Multi-Region Consensus Mechanism:
Validator nodes worldwide are divided into multiple regions (e.g., New York, London, Singapore). Under normal operation, low-latency consensus within regions (20 milliseconds) is prioritized, with a switch to a global mode (400 milliseconds) only in case of failures, balancing efficiency and decentralization. -
Multi-Chain Compatibility and Cross-Chain Interoperability:
It supports more than 30 public chains including Ethereum, Solana, and TON, allowing users to trade without switching networks. Future plans include collaboration with the MAP Protocol to achieve seamless transfer of Bitcoin Layer 2 assets via ZK light client technology. -
MPC Wallet Security System:
Utilizing multi-party computation technology, users can choose either self-custody or platform custody to avoid the risk of a single-point private key disclosure while ensuring transaction transparency and compliance.
In addition, Blum integrates the parallel processing power of the Solana Virtual Machine (SVM), achieving a throughput of 45,000 TPS, surpassing the performance of traditional centralized exchanges and especially suited for high-frequency trading scenarios.
Market Impact: Reshaping the Token Issuance Ecosystem
Lowering Issuance Barriers, Activating Long-Tail Projects:
Traditional launchpad platforms (e.g., CoinList) require project teams to pay high listing fees and endure review periods of several months. Blum Listings, through its “gamified issuance” model, allows any developer to quickly launch a token at minimal cost and reach over 29 million Telegram users through Memepad’s traffic pool. This model is especially beneficial for small- and medium-sized projects; for example, HashCash attracted over 2 million active users to participate in mining within its first week of launch.
Breakthrough in High-Frequency Trading and Real-Time Settlement:
With a 20-millisecond transaction confirmation speed, Blum enables on-chain algorithmic trading and arbitrage strategies. For instance, a hedge fund can perform thousands of operations on Blum within the time it takes for a single transaction on Solana to be confirmed, with all records publicly verifiable. Furthermore, its real-time gross settlement (RTGS) function shortens the cross-border payment cycle from the traditional 1–2 days to a matter of seconds, potentially saving financial institutions millions of dollars per year in liquidity costs.
Challenges and Future Development Directions
Community Trust and Regulatory Compliance:
The native token BLUM generation event (TGE) for Blum has been postponed multiple times, delayed from Q4 2024 to spring 2025, sparking community doubts about the team’s execution. Analysts point out that if post-TGE market sentiment remains low, early investors cashing out might cause the token price to drop by over 30% in the short term. Furthermore, the network originally consisting of 20–50 selected validator nodes is being questioned for being “semi-decentralized,” and a balance between performance and compliance needs to be achieved.
Ecosystem Expansion Plans:
Blum plans to launch futures and options contracts in Q3 2025 to attract institutional investors. Additionally, deep integration with the TON ecosystem may help position Telegram as a Web3 social gateway, for example, by replicating the successful model of StepN through a “Telegram Mini-Program + On-Chain Trading” approach. For ordinary users, Blum plans to introduce an “SPL Token Gas Fee Payment” feature to further lower entry barriers.
In Conclusion
Blum Listings’ practice demonstrates that decentralization and financial efficiency are not mutually exclusive but are key competitive pillars of the next-generation value network. As trading platforms like JuCoin accelerate the integration of high-performance blockchains, users will experience innovations such as real-time settlement and on-chain high-frequency trading more conveniently.
Neason Oliver
