NFT trading platform Blur’s Layer2 solution, Blast, has surpassed 1.8 billion yuan in total value locked (TVL) as of today. Bankless will introduce five projects under its ecosystem that focus on improving user experience, innovative trading mechanisms, and providing comprehensive DEX services. This article is sourced from Bankless and compiled by Blockbeats under the title “5 Blast Projects Ready to Take Off”.
Introduction:
Base Ecosystem Blast “Most Comprehensive Research Report”: Decrypting Valuation and Predicting Airdrop: No Brush, No Loss
Background:
Blast is questioned for copying OP code and exposing Layer2 as “assembly line production”.
Table of Contents:
Biconomy
Particle Trade
Thruster Finance
$PUMP Meme Coin
Ultiverse
Although Blast L2 is in a controversial situation, its TVL of 1.8 billion USD cannot be ignored. Criticism mainly focuses on the platform’s seeming inclination towards some of the worst Ponzi schemes in the crypto field.
However, with the highly anticipated L2 project officially launching at the end of the month, public attention is shifting towards projects built for the Blast developer race in this controversial ecosystem. Blast has attracted a group of projects that hope to establish a presence in this ecosystem that is full of controversy.
Here are five selected projects built on the Blast platform, each attempting to find a unique position using the advantages of this ecosystem. These projects range from mature infrastructure dedicated to simplifying the user experience to protocols aimed at redefining leverage trading, demonstrating that Blast may have truly opened an exciting new realm for DeFi.
Let’s take a closer look!
Biconomy is committed to improving the user experience of Dapps through account abstraction and a free transaction SDK. It recently announced its participation in the Blast developer race. By eliminating the barrier of gas fees, Biconomy expects to significantly increase user activity and potential Blast rewards for Dapps, as 50% of the Blast airdrop rewards are specifically allocated to developers. Dapps adopting Biconomy can obtain returns on funds that cover user gas fees through Blast’s native revenue model.
Particle Trade aspires to become the Uniswap of leverage trading. This is an ambitious goal, but it has already received support from Polychain Capital, Neon DAO, and industry giants like Arthur Hayes. Its innovation lies in the Leveraged Automated Market Maker (LAMM) protocol, which allows users to leverage trade any token by borrowing directly from centralized liquidity pools such as Uniswap V3.
Thruster Finance aims to become the core DEX of Blast and integrate the complete token lifecycle into a single protocol. Thruster has two core products: an Automated Market Maker (AMM) and Thruster Launch. Thruster’s AMM is dedicated to improving on-chain trading efficiency without relying on off-chain order books. Meanwhile, Thruster Launch is a permissionless, open-source toolkit that enables both technical and non-technical teams to launch tokens and DAOs fairly. Thruster offers “lightweight” and “professional” modes, allowing users to choose according to their preferences.
Fascinated by meme coins? $PUMP token, launched by Wassies, is an NFT collection closely associated with crypto Twitter personalities and easily becomes a meme. It is about to be launched on Blast. This decentralized “art token” prides itself on its fair launch, countering the common issue of pre-distribution in most meme coins. Before listing on Thruster, a meme competition with a prize pool of 5% of the total supply of $PUMP has already been launched.
Supported by giants like Binance Labs and Sequoia, Ultiverse has joined the Blast developer race. It is a social gaming platform that integrates AAA-class games, native crypto, and AI. Ultiverse plans to enhance its platform economy by utilizing Blast’s native revenue mechanism. The team has already launched multiple projects that interconnect through its Bodhi protocol. Their Blast announcement coincides with the launch of their governance token, showcasing a macro blueprint for the platform’s future.
These five projects demonstrate the potential of Blast as a new normalization of DeFi. Whether it is through improving user experience, innovative trading mechanisms, providing comprehensive DEX services, promoting meme culture, or creating a new world that integrates social gaming, each project is exploring the boundaries of the Blast ecosystem. With the launch of Blast L2, these projects are expected to bring new vitality and innovation to the crypto field. Despite controversy and challenges, their goals are clear — to create more value for users and developers by leveraging the unique advantages of the Blast ecosystem.
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Blast’s “marketing tactics” have gone too far! Paradigm: We have differences of opinion with the Blur team.
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