Blast sets off the L2 Native Yield wave
Blast is the first L2 blockchain network that provides the possibility of passive income for funds in Layer 2 accounts. When users deposit funds into Blast, Blast will immediately lock the corresponding ETH on the Layer 1 network for network-native staking, and automatically return the obtained ETH staking income to users on Blast. In addition to supporting natively staked ETH, Blast also provides opportunities for passive income on stablecoins.
This barbarian style of play is enough to shake the current status of traditional Layer 2. In the past, Layer 2 focused on improving performance, expanding RaaS, and multi-chain storytelling. At the beginning of 2022, we were still discussing whether the future of Blockchian would be multi-chain or ETH + Layer 2.
Nowadays, Cosmos has been relegated to the second line and has been robbed of attention by Layer 2 such as Optimism/Arbitrum/Polygon/zkSync. Funds and developers have also voted with their feet to invest in and settle in Layer 2. But now Blasts style of play has taken a different approach, which may be a new paradigm for the development of new Layer 2.
Therefore, compared with the usual Layer 2 solutions, Blast as Optimistic Rollup continues the operating habits of EVM users, while opening up new revenue opportunities for users. Since its launch, Blast has amassed more than 1.3b TVL in just 2 months, breaking the fastest record of L2 and setting off a wave of other L2 Native Yields.
BIG BANG！
Blasts Big Bang Contest
Big Bang is hosted by Blast fromJanuary 17 to February 17’s month-long “arms race”, the entire competition is divided into three stages:
1. Intention to register
2. Project submission
3. Select the winner
At the same time, Big Bang provides 8 tracks for participating Dapps to choose from. Each project needs to choose one as the track when it finally submits its DEMO and demonstration video. It will also compete with projects on the same track.
Big Bang Opportunities
Blast provides generous rewards for dapps that participate in the BigBang competition to incentivize project parties to deploy and operate on Blast.
First, Blast will release ETH lock-up liquidity in February. Dapps deployed on Blast will have the opportunity to share the released 1.4 b TVL and the 104 k users participating in the lock-up. This is a great cold start opportunity for any project.
Secondly, project parties participating in Big Bang will receive one-on-one personalized guidance from Investors.
Finally, Blast has reserved 50% of the total AirDrop supply to incentivize developers. Except for less than 10% of which will be allocated to BigBang Winners, more than 90% of the remaining will be distributed to dapps on the Blast mainnet. This will It is the largest airdrop in history for developers.
In addition, users will not receive any rewards for interacting on the Blast testnet, but they may have the opportunity to receive interaction incentives after the mainnet.
Blast Ecosystem Overview
In less than two days since Blast announced Big Bang, more than 60 projects have announced partnerships with and will be built on Blast. Here are our picks of 7 projects worth tracking from the early days:
PumpX：PumpX is a full-chain consumer liquidity protocol (Multichain Consumer Liquidity Protocol), which decentrally organizes idle funds scattered in different places on the blockchain to provide financial support for consumers asset transactions on the chain and support Start the transaction depth and activity of assets on the chain. The PumpX protocol provides project parties, decentralized wallets and trading markets with project-level lending functions in the checkout page and imports consumer-grade liquidity aggregated on Blast. PumpX is also one of Binance’s Most Valuable Projects (MVB), invested by top institutions such as IOSG, HashKey, and Fenbushi Capital. Some of PumpX’s smart contracts have been deployed to the Blast testnet for debugging. PumpX has announced a follow-up airdrop linkage with Blast, which deserves continued attention.
Pyth Network：Pyth is dedicated to providing real-time market data to financial dApps on the blockchain. This means that whether it’s cryptocurrencies, stocks, ETFs, forex pairs or commodities, Pyth can provide users with more than 380 low-latency price feeds.
Quick Node：QuickNode is a blockchain development platform that provides projects of all sizes with reliable infrastructure, managed RPC services, elastic APIs, and the powerful analytics needed to scale successfully. With a globally distributed multi-chain infrastructure and automatic scaling, QuickNode can support the entire growth process of applications from MVP to mass adoption across the entire Web3 ecosystem.
Thruster：Thruster is a Blast native DEX that leverages Blast native yields, custom liquidity solutions, and a simpler UI/UX to benefit traders, LPs, and developers.
The Graph：The Graph is called decentralized Google by the crypto world because it uses indexing and querying methods similar to Google, but provides a more open and accessible solution based on decentralization. ways to query and utilize data. Developers can create and query their own data subgraphs (Subgraph) through The Graph, making the entire Ethereum ecosystem more open and interconnected.
Ambient：Ambient is a decentralized trading protocol that allows a two-way AMM that combines centralized and ambient product liquidity on any pair of blockchain assets. Ambient runs the entire DEX within a single smart contract, where a single AMM pool is a lightweight data structure rather than an independent smart contract. This design makes Ambient the most efficient Ethereum-based DEX currently.
RedStone：RedStone is an oracle that provides frequently updated, reliable and diverse data sources for DApps and smart contracts on multiple L1 and L2.
Other early-stage projects to keep an eye on
Spot Dex direction:
Monoswap, V3 liquidity center with native yield.
IgniteFi, Dex based on community ecology.
RingProtocol, Dex with breakthrough features.
MidNight, a decentralized exchange based on the Ve 33 model with Blast native yields.
StarSwap, multi-chain Dex.
Blasterfi, you can get up to 50x earnings and 2x airdrops from Blast.
Roguex, an innovative Dex where spot and futures can be traded in the same pool.
Tntswap, a Dex that integrates Token, NFT, games and DAO.
HyperBlastDex, an AMM model-based Dex with native yields.
Blasted, Dex with benefits.
There are also several Dexes such as BlastSwap, Interport Finance, BrewLabs, etc., which have announced that they will be built based on Blast.
Futures Dex direction:
NFTPerp, provides contract trading for NFTs.
EasyX, no KYC required, provides trading services with up to 100x leverage.
CyberFinance, derivatives protocol.
Particle, provides license-free leverage trading services.
Prism, a new trading dimension.
Infrastructure direction:
RilleProtocol, an innovative DeFi risk quantification/transfer solution.
MoonBlast, EVM-based L2 LaunchPad.
BlastDomains and BNS, providing Blast domain name services.
BlastOff, LaunchPad with native yields.
CSRfi, an infrastructure protocol that promotes sustainable gains.
Lending direction:
MIM Spell, stablecoin lending protocol. Natrium Protocol, optimizing lending returns through flexible trading pairs Wand, liquidation-free asset structuring protocol HadouKen, comprehensive lending protocol. Zest, a stablecoin lending protocol. Maneki, a permissionless lending protocol.
NFT direction:
Wassies，BlastPenguines，BlastoPians，
5 0x 50 ，Defusion，DegenDNA，CSPEPE。
Game direction:
Kangiten，Vroom.bet，Blastoise，
BAC Games，Risk，Metaverse Headquarters。
In this new Layer 2 battle, the success of the Big Bang competition announced a new starting point for the Blast ecosystem. In just three days, Blast has attracted 60 projects from various circuits, injecting vigorous vitality into the ecosystem.However, we believe that this is just the prelude, and more high-quality projects will join in the future to jointly build a more prosperous and diverse Blast Layer 2 ecosystem.
With the integration of more projects, Blasts ecosystem will be further strengthened and consolidated. The future has arrived, and the pace of the bull market has begun.The take-off guide for the Blast Layer 2 ecology has been drawn up, let us jointly welcome this bull market full of hope and opportunities!
