新的财富密码？盘点Blast上118个不可错过的早期机会（衍生品篇）
Original | Odaily
Author | Azuma
On February 24th Beijing time, Blast, a Layer 2 network with automatic interest generation launched by Pacman, the new generation "economic model genius" and founder of Blur, officially announced the final results of the ecological application competition BIG BANG.
Perhaps because Blast has promised to provide 50% of the total token supply as airdrop rewards to projects deployed on the network, there have been many projects expressing their intention to settle on the network even before the testnet was launched.
In mid-January, Blast officially launched its testnet (Mainnet launch is confirmed to be on February 29th) and opened the registration window for the BIG BANG competition to developers. In the end, more than 3,000 teams signed up to compete for potential token airdrop rewards and VC exposure opportunities.
According to the competition results, a total of 118 potential projects were selected in this round of BIG BANG, including 47 winning projects, 31 runner-ups, and 40 honorable mentions, covering multiple sectors including lending, DEX, derivatives, GambleFi, NFT/Gaming, and Infra.
To help everyone select more valuable investment/interaction targets from the massive Blast ecosystem projects, Odaily has compiled all 47 Winners projects and some high-quality Runner-Ups and Honorables projects based on the above award list, according to project positioning, funding history, and airdrop distribution mechanism (some projects will allocate airdrop shares back to users) and other factors. We hope to help you further understand the rising Blast ecosystem.
Related Read: "The New Wealth Code? A Review of 118 Unmissable Early Opportunities on Blast (DEX Edition)"
Following the DEX Edition, let's shift our focus to the "Derivatives" section. According to the BIG BANG competition results, the winners in this section are as follows:
Six Winners projects: 100x Finance, Blast Futures Exchange (BFX), Blitz, Bloom, InfinityPools.finance, SynFutures;
Four Runner-Ups projects: DTX, Aark, HMX, Opyn;
Three Honorables projects: Core Markets, SphereX, SuperCharged.
Next, Odaily will conduct a micro-analysis of all six Winners projects and some Runner-Ups and Honorables projects based on project positioning, financing history, and airdrop allocation mechanism.
Project One: 100x Finance
Social media account: @100xfinance
Award: Winners
Financing history: undisclosed
Developer airdrop allocation mechanism: 100% returned to users, partners, and communities.
Introduction: 100x Finance is a self-custodial decentralized derivatives exchange that supports full-margin trading and provides perpetual contracts, MOVE contracts (profit from volatility), and spot trading services similar to CEX trading experience. 100x Finance adopts a full-margin trading model, allowing users to increase capital utilization efficiency. At the same time, users' margin can also accumulate profits through Blast's automatic interest-earning mechanism.
Project Two: Blast Futures Exchange (BFX)
Social media account: @BlastFutures
Award: Winners
Financing history: undisclosed
Developer airdrop allocation mechanism: 100% returned to the community.
Introduction: Blast Futures Exchange (BFX) is an auto-yielding perpetual contract exchange built on Blast, which provides easy-to-use trading services while allowing users to earn an additional 5% yield on their balances.
Project Three: Blitz
Social media account: @tradeonblitz
Awards: Winners
Funding history: Undisclosed
Developer airdrop allocation mechanism: 100% returned to the community
Introduction: Blitz is a branch of Vertex, a perpetual contract exchange on Arbitrum, built on Blast. It supports spot and perpetual contract trading services. Blitz adopts the full-margin mode and enables cross-chain liquidity between Vertex on Arbitrum, providing users with better trading depth.
Project Four: Bloom
Social media account: @BloomOnBlast
Awards: Winners
Funding history: Undisclosed, but the official website lists Pantera Capital, Ankr, Founders Fund, Pyth, Galaxy, Biconomy in the investor section.
Developer airdrop allocation mechanism: 100% returned to long-term users and liquidity providers.
Introduction: Bloom is a decentralized derivatives exchange that supports up to 50x leverage, no gas fees, and automatic compounding. The Bloom contract has been audited by the third-party security firm Zellic, and the report will be disclosed after the audit is completed.
Project Five: InfinityPools.finance
Social media accounts: @InfPools
Awards: Winners
Funding History: According to the official website documentation, the development team Lemma Labs of the InfinityPools protocol completed a seed round of financing in December 2021. Participants included Standard Crypto, Dragonfly, Nascent, Multicoin, Robot Ventures, Coinbase, Uniswap, Wintermute, GSR, Kronos, and Folius.
Developer airdrop allocation mechanism: Not disclosed
Introduction: InfinityPools is a decentralized exchange that claims to provide unlimited leverage for any asset (officially stated as up to 10000x, but initially limited by the volatility of the underlying asset), without liquidation, no counterparty risk, and no need for oracles.
Project Six: SynFutures
Social media accounts: @SynFuturesDefi
Awards: Winners
Financing History: In June 2021, SynFutures completed a $14 million Series A financing, led by Polychain Capital, with participation from Framework, Pantera Capital, Bybit, Wintermute, CMS, Kronos, and IOSG Ventures.
In October 2023, SynFutures completed a $22 million Series B financing, led by Pantera Capital, with participation from SIG DT Investments and HashKey Capital.
Developer Airdrop Share Allocation Mechanism: 100% returned to the community.
Introduction: A well-established derivatives exchange, previously deployed on Polygon and other ecosystems, with a cumulative trading volume of $23 billion.
Project Seven: DTX
Social Media Account: @0xDTX
Awards: Runner-Ups
Financing History: Undisclosed
Developer Airdrop Share Allocation Mechanism: 100% returned to the community.
Introduction: DTX is a decentralized contract exchange built on Blast, allowing users to open contracts for hundreds of currencies with leverage of up to 100x. DTX creatively uses NFTs as users' position certificates, facilitating direct use of NFTs for position transfers, management, and more complex operations.
As for the profit opportunities, firstly, DTX utilizes Blast's automatic compounding mechanism, and users can enjoy a native yield of 4% on their margin balance. Secondly, DTX will allocate 100% of the developer airdrop share back to the community. Thirdly, DTX will refund all gas fees paid by users, achieving gas-free transactions. Fourthly, DTX will also airdrop its own tokens as rewards to active users.
Project 8: Aark
Social media accounts: @Aark_Digital
Awards: Runner-ups
Funding history: The official website lists institutions such as Delphi Digital, OKX, Ventures, Big Brain, Keyrock, etc.
Developer airdrop share allocation mechanism: 100% returned to the community
Introduction: Aark was previously deployed on Arbitrum. The platform claims to support leverage of up to 1000x and supports LST/LRT-like tokens. Additionally, Aark officially announced on X that its governance token AARK will have a TGE on April 1.
Project 9: Core Markets
Social media accounts: @Core_Markets
Awards: Honorables
Funding history: undisclosed
Developer airdrop share allocation mechanism: undisclosed
Introduction: Core Markets is an "intent-driven" decentralized derivatives exchange that supports trading of over 250 cryptocurrencies with up to 60x leverage.
Project Ten: SphereX
Social Media Account: @SphereX_XYZ
Awards: Honorables
Funding History: Official Medium mentions Fundamental Labs as its main investment institution.
Developer Airdrop Allocation Mechanism: Not disclosed
Introduction: SphereX is a decentralized contract exchange that supports full-margin trading. It adopts a fusion mechanism of "on-chain matching + on-chain settlement" to ensure security while improving transaction processing efficiency.
Next Episode Teaser
This article is the second part of Blast Ecology's early opportunities series (the first part can be found in "DEX section"). It only focuses on the "derivatives" sector and compiles 10 early-stage projects (6 Winners, 2 Runner-Ups, 2 Honorables) within the Blast ecosystem that provide derivative trading services.
In the next article, we will shift our focus to the "lending" sector. Please stay tuned and join us in exploring Blast's ecosystem map.
