Bankless: A Review of 5 Promising Projects in the Blast Ecosystem Worth Keeping an Eye On
These 5 projects explore the boundaries of the Blast ecosystem from the perspectives of improving user experience, innovating trading mechanisms, and providing comprehensive DEX services.5 Blast Projects Ready to Take Off
Author: David C, Bankless
Translator: MK, Mars Finance
Despite being mired in controversy, Blast L2's total value locked (TVL) of $15 billion is hard to ignore. Criticism mainly focuses on the platform's apparent inclination towards some of the most dubious Ponzi schemes in the crypto space. However, as this highly anticipated L2 project officially launches at the end of the month, public attention is shifting towards the projects built for the Blast developer-focused explosion competition. Blast has attracted a group of projects eager to secure a foothold in this contentious ecosystem.
Here are five selected projects built on the Blast platform, each attempting to leverage the ecosystem's advantages to carve out a unique position for themselves. These projects range from mature infrastructure dedicated to simplifying user experience to protocols aimed at redefining leveraged trading, showcasing that Blast may indeed open up an exciting new category for DeFi.
Let's take a look!
Biconomy
Biconomy is committed to enhancing the user experience of Dapps through account abstraction and a free transaction SDK, recently announcing its participation in the explosion competition. By removing the barrier of gas fees, it is expected to significantly boost Dapp user activity and increase potential Blast rewards, as 50% of the Blast airdrop rewards are specifically allocated for developers.
Dapps utilizing Biconomy can earn returns for covering user gas fees through Blast's native yield model.
Particle Trade
Particle Trade aims to become the Uniswap of the leveraged trading space. This is an ambitious goal, but it has already garnered 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 borrow directly from concentrated liquidity pools like Uniswap V3 for leveraged trading of any token.
Thruster Finance
Thruster Finance aims to be the core DEX of Blast, integrating the complete token lifecycle into a single protocol. Thruster has two main products: an Automated Market Maker (AMM) and Thruster Launch.
Thruster's AMM is dedicated to improving the efficiency of on-chain trading without relying on off-chain order books. Meanwhile, Thruster Launch provides a permissionless, open-source toolkit that enables both technical and non-technical teams to fairly launch tokens and DAOs.
Thruster offers "lightweight" and "professional modes," allowing users to choose according to their preferences.
$PUMP MeMe Coin
Are you a fan of meme coins? The $PUMP token, launched by Wassies, is an NFT collection closely associated with crypto Twitter personalities and is set to become a meme on Blast.
This decentralized "art token" prides itself on its promise of a fair launch, countering the common issue of pre-allocation found in most meme coins. Before its listing on Thruster, a meme competition was launched with a prize pool of 5% of the total $PUMP supply.
Ultiverse
Supported by giants like Binance Labs and Sequoia, Ultiverse has joined the explosion competition. It is a social gaming platform that integrates AAA games, native crypto, and AI.
Ultiverse plans to enhance its platform economy by leveraging Blast's native yield mechanisms. The team has launched multiple projects interconnected through its Bodhi protocol. Their Blast announcement coincides with the launch of their governance token, showcasing a grand vision for the platform's future.
These five projects demonstrate the potential of Blast as a new paradigm for DeFi. Whether through improving user experience, innovating trading mechanisms, providing comprehensive DEX services, promoting meme culture, or creating a new world of integrated social gaming, each project is exploring the boundaries of the Blast ecosystem. With the launch of Blast L2, these projects are poised to bring new vitality and innovation to the crypto space. Despite facing controversy and challenges, their goals are clear—leveraging the unique advantages of the Blast ecosystem to create more value for users and developers.
