Blast's largest dAPP Thruster announces the completion of a $7.5 million seed round financing, with strategic investment from OKX Ventures
Thruster is not only a liquidity hub for excellent builders, yield seekers, and traders on Blast, but also one of the fastest-growing DeFi protocols at present.Author: OKX Ventures
OKX Ventures, the investment arm of the globally leading Web3 technology company OKX, has announced a strategic investment in Thruster, the largest dAPP on Blast. Thruster is not only a liquidity hub for outstanding builders, yield seekers, and traders on Blast, but it is also one of the fastest-growing DeFi protocols currently. According to on-chain data, Thruster has attracted over 100,000 users, deposited more than $300 million, and achieved a trading volume of around $2 billion within a month since its launch on March 1.
The total amount raised in this seed round financing for Thruster is $7.5 million, led by Pantera Capital, with participation from industry-leading builders and investment institutions such as OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures, Arche Ventures, and angel investors including Santiago R. Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha, Axelar founder Georgios Vlachos, Metastreet founder David Choi, Omega/Juice founder Eric Ryklin, and Dingaling.
Thruster builds its liquidity hub by integrating with the best teams and platforms. On one hand, it ensures that liquidity providers gain greater utility and returns by integrating with protocols such as Juice, Particle, Wasabi, and Hyperlock; on the other hand, it enhances order depth to provide better execution for traders on Thruster. Additionally, Thruster is currently integrated with top Ethereum DeFi protocols like Renzo, Kelp, and Frax, and plans to integrate more high-quality protocols in the future.
0xFri, a contributor to Thruster Finance, stated: "We are excited to collaborate with OKX Ventures and the OKX Web3 ecosystem to bring our vision of composable yield-first DeFi to the market. This funding will help us continue to work with leading builders to integrate Thruster's products and liquidity into other top protocols like DeFi and NFTFi."
Jeff Ren, partner at OKX Ventures, stated: "We are pleased to support Thruster in our joint commitment to advancing DeFi development within the Blast ecosystem. This investment reflects our commitment to supporting pioneering projects and innovative teams. Thruster emphasizes yield optimization and collaborative integration, providing an excellent case for the future of DeFi, and we look forward to continuing our collaboration with Blast and its ecosystem projects."
About Thruster
Thruster is a decentralized finance protocol that is building a liquidity hub for the Blast ecosystem, where developers and users can maximize yields and conduct deep on-chain trading. Thruster works closely with leading Blast protocols, large liquidity providers, and investors. Since its launch, Thruster has been used by over 100,000 unique wallets, with nearly $300 million in deposits.
About OKX Ventures
OKX Ventures is the investment arm of OKX, a globally leading cryptocurrency exchange and Web3 technology company, with an initial capital of $100 million. It focuses on exploring the highest quality blockchain projects worldwide, promoting the healthy development of the global blockchain industry by supporting cutting-edge blockchain technology innovations, and investing in long-term structural value. OKX Ventures provides global resources and experiential support to entrepreneurs and projects that contribute to the development of the blockchain industry.
