Bebop

What Bebop does

Bebop is a DeFi trading infrastructure company that provides a suite of APIs (RFQ+, JAM/Aggregator, Price, and Trade History) for executing token swaps with guaranteed price and guaranteed fill on Ethereum, Solana, Base, Arbitrum, Avalanche, BNB Chain, HyperEVM, Optimism, and Polygon. The platform combines offchain liquidity from 13+ professional market makers via a Request-For-Quote (RFQ) model with onchain solver auction liquidity aggregated through its JAM (intent-based) system, and is being extended into oracle-priced AMM via BopAMM (closed beta, 2025). Settlement occurs on-chain via audited smart contracts (audits by Offside Labs, MixBytes, Nethermind, Zellic) with Bebop never taking custody.

The company serves four primary customer types: consumer wallets and applications (where failed swaps and slippage destroy user trust), institutional trading platforms (Definitive, Rhino) requiring TradFi-level execution quality, aggregators and solvers (Fractal) competing for trade flow, and cross-chain / bridging protocols needing firm execution on both source and destination sides. Secondary customer types include liquidators and stablecoin/RWA issuers (Monerium/EURe) seeking capital-efficient onchain distribution. Go-to-market is bottoms-up API-first: free self-serve API keys, comprehensive documentation at docs.bebop.xyz, typeform-based intake forms categorizing prospects, and dedicated Telegram/SLA-backed support for high-volume enterprise partners.

Revenue is generated through per-transaction fees denominated in basis points; partners can define their own fees within Bebop's recommended 5–50 bps range, with Bebop collecting fees, converting them into native tokens, and rebating partners periodically (on-chain transfer for Aggregation API, monthly reconciliation for RFQ API). The platform claims $25B+ in cumulative volume, 6M+ trades, 99.9% uptime, sub-100ms RFQ quote response, and a 100+ partner integration footprint. The consumer-facing trading app lives at trade.bebop.xyz; the company has 1–10 employees and was founded in 2022.

Name

Bebop

Legal name

Bebop

Website

https://bebop.xyz

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Bebop is a DeFi trading infrastructure provider offering APIs (RFQ+, JAM, Price, Trade History) that combine professional market maker liquidity with solver auction liquidity to deliver guaranteed-price, guaranteed-fill token swaps for 100+ integrating wallets, aggregators, solvers, bridges, and institutional trading platforms across eight blockchain networks.

Ownership category

akta.pro rank

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Transaction Fee / Take Rate: Bebop charges per-transaction fees in basis points on trades flowing through its platform. Partners can define their own per-transaction fee in basis points through the API, which Bebop applies automatically to quotes. Bebop handles fee collection, converts fees into the chain's native token, and rebates partners on a periodic basis. For the RFQ API, fees are reconciled monthly and invoiced; for the Aggregation API, fees are transferred on-chain directly to the partner's wallet as part of each trade.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

Core offering

Bebop provides a suite of decentralized trading APIs and a consumer web app for executing token swaps with guaranteed price and fill. The RFQ+ API connects traders directly to professional market makers for firm executable quotes, while the JAM/Aggregator API sources liquidity from solver auctions across on-chain venues. Settlement occurs via audited smart contracts on multiple chains (Ethereum, Solana, Base, Arbitrum, Avalanche, BNB Chain, HyperEVM, Optimism, Polygon) with Bebop never taking custody of user funds.

Product overview

Bebop is a suite of decentralized trading products operating as a platform combining private market maker RFQ liquidity and solver auction liquidity. The core offering includes the RFQ+ API (direct market maker quotes with guaranteed execution), the JAM API (intent-based solver aggregation for broad token coverage), the Price API (real-time WebSocket streaming prices), and the Trade History API. BopAMM (Block Oracle Priced AMM) is a beta product providing oracle-priced AMM liquidity. A consumer web app (trade.bebop.xyz) delivers the trading experience to end users. All products share a unified distribution layer reaching 100+ partner integrations across wallets, solvers, aggregators, bridges, and institutional applications.

Differentiator

Problem solved

Functional benefit

Products and services

• RFQ+ API Request-For-Quote API connecting directly to professional market makers for guaranteed price and guaranteed fill execution. Supports single and multi-token trades for stablecoins, majors, altcoins, and RWAs at small and large sizes. Features sub-100ms quote response, zero slippage, partial fills, and both self-execution and gasless modes.
• JAM API (Aggregator API) Intent-Based Liquidity Aggregation API (JAM) that sources liquidity from solver auctions across multiple decentralized liquidity sources. Provides broader token coverage including long-tail assets with configurable slippage tolerance.
• Price API Real-time streaming indicative prices from Bebop's market makers delivered over WebSocket using Protocol Buffers for compact, low-latency delivery. Used for pre-trade discovery, routing decisions, and solver/aggregator continuous evaluation without consuming quote rate limits.
• Trade History API Read-only API for querying historical trades and transaction details across all Bebop-supported chains. Supports lookups by wallet address or transaction hash with time range filtering and pagination.
• BopAMM Block Oracle Priced AMM providing coordinated, oracle-priced liquidity from Bebop's market maker network. In closed beta. Suitable for solvers, aggregators, liquidators, and market makers.
• Bebop Web App Consumer-facing web application enabling traders to execute token swaps with guaranteed price and fill, supporting crypto, tokenized stocks, RWAs, and more across Ethereum, Solana, and Base chains.

Quantifiable outcome

• $25B+ volume traded across 6M+ trades with 99.9% uptime
• +6 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Four partnerships are on record, tiered core.

• DefinitivecoreTechnology or IntegrationDefinitive is a non-custodial execution platform and API for onchain trading, founded by former Coinbase institutional trading engineers. Bebop is a key part of Definitive's liquidity layer providing access to 13+ professional market makers via RFQ+ API. $180M+ in volume has settled through Bebop across Definitive's platform on Ethereum, Base, Arbitrum, and BNB Chain. Definitive routes across 200+ DEXs and market makers in total.
• FractalcoreTechnology or IntegrationFractal is a Cowswap solver that uses Bebop's RFQ+ API to access offchain market maker liquidity for constructing execution paths. Since late 2024, Fractal routed $1.9B+ in volume and 178k+ trades through Bebop across 1,250+ token pairs. Bebop is embedded across Fractal's entire routing strategy.
• RhinocoreTechnology or IntegrationRhino builds onboarding infrastructure for dApps enabling cross-chain asset bridging and swaps. Integrated Bebop RFQ+ and Pricing APIs in under one week. Bebop routes approximately 50% of Rhino's swap transactions. 0.004% revert rate via Bebop. Rhino recently expanded into B2B infrastructure offering onboarding to other apps and protocols.
• MoneriumcoreTechnology or IntegrationMonerium issues EURe, a regulated euro stablecoin backed 1:1 by euros held in segregated EU bank accounts. Monerium joined Bebop as a market maker streaming firm quotes for EURe directly into Bebop's network. EURe is now tradeable for 400+ assets via Bebop. EURe captured 50% of onchain EUR volume and 82% of active EUR stablecoin holders among European issuers through the Bebop distribution network.

Scale indicators24 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Curve Finance: Major DEX focused on stablecoin and like-asset swaps. Bebop routes through Curve via its solver aggregation but does not directly compete; relevant context as a source of on-chain liquidity that Bebop integrates.
• Uniswap: Largest decentralized exchange by volume. While Bebop aggregates liquidity (including Uniswap pools via solvers), Uniswap operates a broad AMM platform rather than specializing in RFQ execution — making it an indirect incumbent rather than a direct competitor.
• Wintermute: Major professional crypto market maker that provides liquidity to platforms like Bebop. Adjacent rather than directly competing — sits on the supply side of the same RFQ infrastructure Bebop aggregates.

Direct peers

• Hashflow: RFQ-based DEX with professional market maker quotes and cross-chain execution. Directly comparable to Bebop's RFQ+ API, targeting institutional and large-trade execution.
• 0x (ZeroEx): Leading DEX aggregator with RFQ functionality and a developer API similar to Bebop's. Both target wallets, aggregators, and institutional integrators with an API-first execution layer model.
• Tokka Labs: RFQ-based trading infrastructure providing aggregator-side execution for professional and DeFi flows. Smaller-scale direct competitor in the same RFQ aggregation niche as Bebop.
• Paraswap (Velora): DEX aggregator offering aggregation APIs and execution services to wallets, integrators, and institutional clients. Directly comparable aggregator business model competing for the same integrator segment.
• 1inch: Major DEX aggregator competing directly with Bebop on routing, best execution, and aggregation APIs. Offers similar functionality for retail and institutional DeFi trading flows.
• Kyber Network (KyberSwap): DEX aggregator and on-chain liquidity protocol with multi-chain aggregation APIs. Competes with Bebop on routing across chains and DEXs, with overlap in integrator customers.
• CoW Protocol (CowSwap): Intent-based DEX trading protocol using batch auctions and solver competition. Directly comparable to Bebop's JAM (intent-based) API, targeting the same solver and aggregator use cases with similar guaranteed-execution value proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/bebop_dex
• GitHubgithub.com/bebop-dex
• LinkedInlinkedin.com/company/bebopdex

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bebop