Original title: 5 Blast Projects Ready to Take Off
Original author: David C, Bankless
Original compilation: MK, Mars Finance
Although Blast L2 has been in a controversial position, its total value locked (TVL) of $15 billion is still hard to ignore. Criticism has largely focused on the platform’s seeming tendency to lean into some of the worst Ponzi models in the crypto space. However, with the much-anticipated project officially launching at the end of the month, public attention is turning to projects being built to compete in Blasts Big Bang competition for developers. Blast has attracted a group of projects hoping to be the first to stake their claim in this contentious ecosystem.
Here are our picks of five projects built on the Blast platform, each trying to find a unique niche for themselves by leveraging the ecosystem’s strengths. These projects range from mature infrastructure dedicated to simplifying the user experience to protocols aiming to redefine leveraged trading, demonstrating that Blast may really open up an exciting new category for DeFi.
Let’s find out!
Biconomy
Biconomy is committed to improving the user experience of Dapp through account abstraction and free trading SDK, and recently announced its participation in the Big Bang competition. By removing the barrier of gas fees, it is expected to significantly increase Dapp user activity and increase potential Blast rewards, as 50% of Blast airdrop rewards are exclusively for developers.
Dapps using Biconomy can earn returns for funds covering users’ gas fees through Blast’s native revenue model.
Particle Trade
Particle Trade aspires to become the Uniswap of leverage trading. Its an ambitious goal, but it already has support from Polychain Capital, Neon DAO, and industry giant Arthur Hayes, among others.
Its innovation lies in the Leveraged Automated Market Maker (LAMM) protocol, which enables leveraged trading for any token by allowing users to borrow directly from centralized liquidity pools like Uniswap V3.
Thruster Finance
Thruster Finance aims to be a DEX at the heart of Blast and integrate the complete token lifecycle into a single protocol. Thruster has two core products: Automatic Market Maker (AMM) and Thruster Launch.
Thruster’s AMM is dedicated to improving the efficiency of on-chain transactions without relying on off-chain order books. Thruster Launch, meanwhile, is a permissionless, open-source toolkit that enables technical and non-technical teams to fairly launch tokens and DAOs.
Thruster offers Lightweight and Professional Mode, allowing users to choose according to their preferences.
$PUMP MeMe Coins
Have a soft spot for meme coins? The $PUMP token is launched by Wassies, a collection of highly meme-able NFTs closely tied to crypto Twitter personalities that will soon launch on Blast.
This decentralized “art token” prides itself on its promise of a fair launch, combating the pre-allocation issues prevalent with most meme coins. Prior to Thrusters listing, a meme contest with a prize pool of 5% of the total $PUMP supply had been launched.
Ultiverse
Ultiverse, backed by giants like Binance Labs and Sequoia, joins the big bang race as a social gaming platform that integrates AAA gaming, native crypto, and AI.
Ultiverse plans to enhance its platform economics by leveraging Blasts native revenue mechanisms. The team has launched multiple projects that are connected through its Bodhi protocol. Their Blast announcement coincides with the launch of their governance token, showing a grand picture for the future of the platform.
These five projects demonstrate Blast’s potential as a new paradigm in DeFi, whether by improving user experience, innovating trading mechanisms, providing comprehensive DEX services, promoting meme culture, or creating a new world of integrated social games, each project is Explore the boundaries of the Blast ecosystem. With the launch of Blast L2, these projects are expected to bring new vitality and innovation to the encryption field. Despite the controversies and challenges they face, their goals are clear - to leverage the unique advantages of the Blast ecosystem to create more for users and developers value.
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