According to official news, the Blast mainnet, a newly launched automatic interest-generating Layer 2 network by Pacman, the new generation of economic model guru and founder of Blur, was officially launched at 5:00 on March 1, Beijing time. This was one of the focuses of much attention from the end of February to the beginning of March. At present, the popularity and attention of Blast has exceeded that of any other L2 network.
Let the data speak and experience the rapid growth of Blast - just a few days after it was launched last November, Blasts TVL quickly exceeded 500 million US dollars, and then successfully absorbed a total of 13 in about 2 months. 100 million US dollars of TVL and more than 100,000 users. As of February 29, DeBank data shows that Blast contract addresses currently hold assets worth approximately $2.33 billion. Among them, approximately US$2.1 billion worth of ETH is deposited in the Lido protocol, US$170 million in assets is deposited in the Maker protocol, and the assets in the wallet are approximately US$26.11 million.
Blast first used the founders background to gain curiosity and attention in the early stages of the project, and successfully debuted.
It will further leverage its greatest competitiveness - automatic interest-generating L2 to attract users to the site. Before the mainnet was even launched, users were directly and openly told that depositing assets would result in the corresponding ETH staking income and stablecoin interest. This alone was enough to attract a collective influx of crypto users, and there was also the expectation of points exchange for airdrops in the future. .
Before the mainnet goes online, the testnet and Big Bang incentive plan will be launched to extend an olive branch to major project parties and developers to further build and improve its network ecosystem. This not only prepares the ground for the launch of the main network, but also completes the construction and enrichment of the most important ecological integrity and diversity.
The above excellent and successful operating strategies are implemented step by step to ensure that there are users and projects when the main network is launched. It seems that an ecological flywheel is ready and ready to go.
Preliminary testnet and incentive plan
On January 17, Blast attracted much attention with the launch of its test network and its one-month Big Bang incentive plan. This plan encourages developers to become active in building applications in its ecosystem and conduct competitions according to certain rules. The winner will Projects can receive an airdrop reward of 50% of the total token supply that Blast has promised to projects deployed to the network.
As shown in the picture, Blast’s short reward this time is simple and crude. It is all Blast airdrops, half of which will be given to the developers of the winning projects and mainnet applications, and the other half will be given to users who deposit liquidity on Blast. This direct and clear incentive method is very attractive to both developers and users. For project parties, the cost of participating in the competition is low, the threshold is relatively low, and the Blast network already has a certain size of user groups. , is the new L2 initial launch, and can also obtain the most important short-term reward (financial support). In addition, the types of projects supported by this Big Bang competition are very diverse, and major project teams have all planned to join the Blast track.
Through this competition, we quickly enriched and completed the projects on the Blast network on the eve of the mainnet launch, injecting a powerful booster into the vigorous development of the network ecosystem. The greater significance of this event is to shape Blast itself into an L2 with its own Launchpad attribute, which will have a profound impact on the future.
According to the competition results, this round of BIGBANG has screened out a total of 118 potential projects, including 47 Winners projects, 31 Runner-Ups projects and 40 Honorables projects, involving project types including DeFi/NFT/social/game/infrastructure, etc. 8 A big category.
Image source: Shenchao TechFlow
In order to help everyone further understand the rapidly developing Blast ecosystem, and at the same time help everyone select more valuable investment projects from the massive Blast ecological projects, TrendX will base the above-mentioned award list on project positioning, financing history, airdrop distribution mechanism and other factors. The following Winners group projects are introduced and analyzed.
Blast ecological project sharing
1.Ambient Finance
Financing history: In July 2023, Ambient Finance completed a $6.5 million seed round of financing, led by BlockTower Capital. Prior to the seed round, it received financial support from PostiveSum and Motivate in the Pre-Seed round, with an undisclosed amount.
Developer airdrop share allocation mechanism: Not disclosed yet
Introduction: Ambient Finance was formerly CrocSwap, an improved AMM protocol that is characterized by its ability to uniformly support centralized liquidity market making, full-scale liquidity market making, and on-chain price orders within a single liquidity pool. Ambient is a singleton contract that supports hooks, dynamic fees, automatic compounding, and gas fee savings.
Related Links:https://app.trendx.tech/project/d908a23e02da0a206a3fc9544a6b3ced4f07b38a635b1633ac5df86e0a3d2be4
2.Thruster
Financing history: The official list of grateful investors includes DCFGod, PopcornKirby, B 1 lurr, CBB 0 FE, Casey Caruso, 0x Lawliette, Loomdart, etc. The rest of the information has not been disclosed.
Developer airdrop share distribution mechanism: Once the developer airdrop of Blast is obtained, the project will direct the Blast incentives in the airdrop pool to some key cooperation pools through a unique mechanism to promote Thrusters liquidity fitness and attract more users. Introduction: Thruster is a DEX specially built for Blast headed by decentralized finance enthusiasts. It provides developers with a fair launch mechanism and liquidity tools, and provides users with the best LP income opportunities, built-in analysis tools and a simple trading experience. Thruster also supports multiple AMM market making types, including centralized liquidity market making, full-scale liquidity market making, and stable market making.
Related Links:https://app.trendx.tech/project/d6875de08e4edfa3d553ae9fdc20b100ac749311480304aa6bb65b7688855ba0
3.Mangrove
Funding History: In 2021, Mangrove closed a $2.7 million seed round. In February 2023, Mangrove closed a $7.4 million Series A funding round led by Cumberland and Greenfield Capital.
Developer airdrop share distribution mechanism: 100% returned to Mangrove users
Introduction: Mangrove is an order book DEX. Its biggest feature is that it allows liquidity providers to redeploy liquidity deployed on other protocols to Mangroves order book through the re-pledge mechanism, thereby expanding the potential Revenue Opportunities. However, Mangrove will not lock this liquidity, but will only hang it out. The users liquidity can still operate normally within other protocols and will only be utilized when the offer is accepted. On Mangrove, code can be attached to quotes posted on the order book, enabling aggregation of all liquidity within the Blast ecosystem and doubling returns.
Related Links:https://app.trendx.tech/project/ 41250 c 0020385 b 5 b 256 d 96109 2b369b5c42a2029e7f5fb8420e39bbe58cf120b
4.Ring Protocol
Financing history: None
Developer airdrop share allocation mechanism: Not disclosed yet
Introduction: From the perspective of the testnet UI, Ring Protocol is a classic AMM model DEX and will launch Launchpad service in the future. According to the award introduction, the feature of Ring Protocol is that it allows liquidity providers to earn income by pledging underlying assets and RWA assets. Ring Protocol opens a new era of decentralized exchanges on Blast to maximize asset utilization.
Related Links: https://app.trendx.tech/project/ 9 fd 11510 d 28 b 9 b 6 e 2180 f 1 f 04 f 3720436 f 9 f 8229046 f 9 e 2 a 62 f 4 d 6 c 31125 a 931
5.InfinityPools.finance
Financing history: The development team Lemma Labs completed a seed round of financing in December 2021, with participation from Standard Crypto, Dragonfly, Nascent, Multicoin, Robot Ventures, Coinbase, Uniswap, Wintermute, GSR, Kronos and Folius.
Developer airdrop share allocation mechanism: Undisclosed
Introduction: InfinityPools is a decentralized contract transaction that claims to provide unlimited leverage for any asset (officially up to 10,000 times, but will initially be limited by the volatility of the underlying asset) without liquidation, counterparty risk, or oracles. Place.
Related Links: https://app.trendx.tech/project/ 5 b 1 a 21070 e 66 c 7847 c 97 ed 42177267536 b 203059 3de76e636e9e4068584a48ab
6.SynFutures
Financing history: In 2021, SynFutures completed a $14 million Series A financing, led by Polychain Capital. In October 2023, it completed a US$22 million Series B financing, with Pantera Capital leading the investment, SIG DT Investments and HashKey Capital participating.
Developer airdrop share distribution mechanism: 100% returned to the community
Introduction: A long-established derivatives exchange, it has been deployed to multiple ecosystems such as Polygon, and has achieved a cumulative trading volume of US$23 billion. A sustainable DEX that provides up to 100x leverage and native returns, powered by Blast. Oyster AMM model = CLMM + on-chain price order.
Related Links: https://app.trendx.tech/project/4 e 2cb4a16569bd30e81791262a2d3b2bb342d48a9f75380c7e363e94473860cf
7.10 0x Finance
Financing history: Undisclosed
Developer airdrop share distribution mechanism: 100% returned to users, partners and communities
Introduction: 10 0x Finance is a self-custody decentralized derivatives exchange that supports full margin and can provide perpetual contracts, MOVE contracts and spot trading services with a CEX-like trading experience. 10 0x Finance adopts a full margin model, which allows users to improve capital utilization efficiency. At the same time, users margins can also use Blasts automatic interest-generating mechanism to continuously accumulate income.
Related Links:https://app.trendx.tech/project/ca8be6aea8bd042ad41c04dfb275cc60c25a6577a281c012c3a6ef806b8175ba
8.Blast Futures Exchange (BFX)
Financing history: Undisclosed
Developer airdrop share distribution mechanism: 100% returned to the community
Introduction: Blast Futures Exchange (BFX) is an automatic interest-generating perpetual contract exchange built on Blast, which not only provides easy-to-use trading services, but also allows users to use their balances to obtain 5% additional interest-generating income.
Related Links:https://app.trendx.tech/project/ af 5 bd 18 dd 7 dbdfbced 28 a 9238 f 505 e 98 b 58 d5826dbfcbd2feae54fcabf87c161
9.Blitz
Financing history: Undisclosed
Developer airdrop share distribution mechanism: 100% returned to the community
Introduction: Blitz is a branch of Arbitrum’s perpetual contract exchange Vertex built on Blast, supporting spot and perpetual contract trading services. Blitz adopts a full margin model and will open up cross-chain liquidity with Vertex on Arbitrum to provide users with better trading depth.
Related Links: https://app.trendx.tech/project/416 c 57810 ba 20 3d36f9d81b9732bde1eb71e3395e82b8cde383b56f7e0098b09
10.Bloom
Financing history: Undisclosed. The list of investors shown on the official website is Pantera Capital, Ankr, Founders Fund, Pyth, Galaxy, and Biconomy.
Developer airdrop share distribution mechanism: 100% returned to long-term users and liquidity providers.
Introduction: Bloom is a decentralized derivatives exchange that supports 50x leverage, no gas fees, and automatic interest generation. The Bloom contract has been audited by third-party security company Zellic, and the report will be disclosed after the audit is completed.
Related Links:https://app.trendx.tech/project/ e 09 eb 49 dd 386 ac 4 fac 7 ee 00 d 6 d 80483 3a95840edd88f79e00497f9ad77aea574
Conclusion
According to the official announcement, Blast stated that it will give a major airdrop to the 47 Winners championship projects, which will be after the original mainnet launch in May. However, the mainnet has been launched ahead of schedule in March, which can also be reflected from the side. This one-month testnet competition has indeed achieved results beyond expectations, and the subsequent launch of the mainnet can be regarded as striking while the iron is hot. Under this background environment, it can be seen that the Blast team is full of confidence. The original airdrop distribution should also arrive quickly with the launch of the main network to continue to maintain the popularity of the ecology. As a small investor, in the Blast ecosystem where a hundred flowers are blooming, prioritizing participation in the Winners project should be the way to maximize the airdrop. After selecting projects and figuring out the rules, you should pay more attention to the overlay of multiple benefits. It is also recommended to try multiple projects to experience different gameplay. The Blast mainnet and team will continue to support the entire ecosystem for a while. If there is a wool dividend in the future, TrendX will continue to pay attention and bring updates to everyone.
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