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The Blast testnet is online. What projects are there in the ecosystem?

2024-01-29 17:00

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Original Title: "Blast Ecology Preview: Which Projects Are Worth Paying Attention To?"

Original Author: Karen, Foresight News

Last week, Blast testnet officially launched and BIG BANG competition started, as Blast users exceeded 100,000 and TVL surpassed $1.3 billion. Blast stated that the winning DApps will be promoted to Blast users after the mainnet launch at the end of February. Winning teams can use Blast airdrop to incentivize the development of their DApps on Blast mainnet and gain core advantages such as liquidity guidance from the beginning.

From the Blast airdrop distribution method, it can be seen that it values users and developers equally. In the Blast airdrop, 50% will be distributed to 110,000 users, and 50% will be distributed to Blast developers (including BIG BANG winners and mainnet DApps). According to Blast's documentation, a portion of the airdrop for Blast developers will be reserved for competition winners, and another portion will be reserved for mainnet DApps. The exact distribution ratio has not yet been announced, but the vast majority of the airdrop will be reserved for mainnet DApps (i.e. over 90%). However, Blast also emphasizes that users participating in the testnet will not receive anything.

Which sectors does Blast's official team favor? This can be seen from the Blast BIG BANG competition categories, which include perpetual contract DEX, spot DEX, lending protocols, NFT/games, SocialFi, GambleFi, infrastructure, and also cover projects that uniquely utilize Blast's native revenue or gas income sharing.

Considering the Blast roadmap, that is, the BIG BANG competition registration has been opened, the winning DApps will be unveiled on February 21st, the mainnet will be launched at the end of February, and the airdrop points will be exchanged in May. It is necessary for us to prepare in advance and explore the Blast ecosystem. The author has also made notes on some projects that Blast and Pacman official Twitter accounts are following.

DEX/ Liquidity

Thruster (Pacman Twitter account): is a Blast-native DEX. For developers, Thruster provides a fair launch mechanism and liquidity tools. For users, Thruster supports yield tools as well as social and analytical features, making trading and liquidity provision easier. Thruster has confirmed that many Blast-native projects hope to leverage Thruster's infrastructure and community to guide their tokens.

https://www.thruster.finance/

Ambient: Ambient (formerly CrocSwap) is a decentralized trading protocol that has participated in the Blast BIG BANG competition. In July 2023, Ambient completed a $6.5 million seed round of financing, led by BlockTower Capital, with participation from Jane Street, Circle, Tensai Capital, Naval, Yunt Capital, Susa Ventures, Quantstamp, and Hypotenuse Labs. Individual investors include Julian, co-founder of Ribbon Finance.

Ambient runs the entire DEX within a single smart contract, where each AMM pool is a lightweight data structure rather than a separate smart contract.

https://ambient.finance/

MonoSwap (followed by Blast and Pacman on Twitter): MonoSwap aims to build a customized liquidity infrastructure that fully supports ecosystem partners, as well as leverage Blast's native revenue, gas revenue sharing, and developer airdrops' revenue economics. MonoSwap stated that its 100% Blast developer airdrop will be distributed to the community through various initiatives. The airdrop amount depends on the user's Mono XP, which is used to measure participation in the test network.

https://www.monoswap.io/

Ring Protocol (followed by Blast and Pacman on Twitter): DEX "Ring Exchange" has been launched, providing services such as exchange, Launchpad, and Ring Earn (liquidity provision). Ring Protocol has been launched on the testnet.

https://ring.exchange/

BLASTER: Provides services such as exchange, Launchpad, and earning.

https://twitter.com/BlasterSwap

Ignite Finance: Introducing a customized DEX.

https://twitter.com/IgniteFi_

Derivatives

SynFutures Protocol: A decentralized derivatives protocol, SynFutures V3 has been deployed on the Blast testnet. SynFutures previously completed a Series B funding round of $22 million in October 2023, led by Pantera Capital with participation from Susquehanna International Group (SIG) and HashKey Capital.

https://www.synfutures.com/

Particle (followed by Blast official and Pacman Twitter): Particle is a decentralized leveraged trading protocol that allows traders to borrow directly from the liquidity pool of automated market makers (AMMs) with concentrated liquidity (starting with Uniswap v3). Particle has launched its Beta testnet [Stage-1]. Particle has stated that 100% of Blast developers' airdrops will enter its community. In January 2024, Particle completed its seed round of financing, led by Polychain Capital, with participation from Nascent, Inflection, Neon DAO, Naveen Jain, Arthur Hayes, DCF God, Sam Williams, Kalos, Richard Ma, Palmer, vxCozy, and others. If you are interested in learning more about Particle, you can read https://medium.com/@ParticleLabs/introducing-particle-leverage-amm-fcf0b3db8c55.

https://www.particle.trade/

Roguex: is a permissionless spot and perpetual contract trading protocol. RogueX adopts the centralized liquidity concept pioneered by Uniswap-v3 and extends it to unlock the value of idle funds in Uniswap-v3 type pools, and leverages these assets by introducing perpetual trading as an additional feature. ROX is the utility token of the protocol, which is an ERC-20 token, and veROX is an ERC-721 governance token that grants users voting rights by locking ROX tokens. Roguex has launched a testnet on Blast.

https://roguex.io/

Easy X: is a Blast native leverage platform that is about to launch its testnet. Easy X offers up to 100x leverage and supports gas-free transactions.

https://easyx.trade/

Bloom: Bloom is a Blast-native perpetual DEX designed for asset rebase, supporting gasless transactions, social login, increased yield, and up to 50x leverage.

https://twitter.com/BloomOnBlast

SphereX (Blast official account follow-up): It is a multi-chain perpetual contract DEX that will be launched first on Blast. SphereX adopts an order book with fees ranging from 0.02% to 0.05%.

https://www.sx.xyz/

Blast Futures (Blast official account follow): Order book perpetual trading protocol.

https://twitter.com/BlastFutures

Cyber Finance: is a decentralized derivative protocol, founded by KOL Money Bunny and others, with developers including former Dell and Huawei developers. Currently, Cyber Finance has released a recommended points leaderboard.

https://twitter.com/CyberFinance__

Launchpad

ZAP (followed by Blast and Pacman on Twitter): is a token launch tool built on Blast. ZAP is incubated by Rarestone Ventures and features native gamification and SocialFi elements, "invest now, pay later" option supported by Blast native revenue, and plans to offer permissionless, codeless token issuance. It also plans to explore LBP in the future.

https://www.zap.tech/

BLASTOFF (Blast official account follow): Native Launchpad and yield aggregator. In the YIDO product of BLASTOFF's yield IDO, it allows staking ETH/stablecoin on native or YZone, and distributes part of the yield to YIDO launched on BlastOff. Its yield aggregator product YZone provides multiple vaults with different risk profiles.

YIDO whitelist and participation depend on the user's Blast Force, which can be increased by pledging BLASTO and depositing it into YZone. In addition, 50% of the fees from YIDO and YZone will be used for BLASTO repurchase and destruction.

https://blastoff.zone

SocialFi

EarlyFans (Pacman Twitter account): It is a SocialFi project on Blast, built by atticc.xyz, that allows creators to directly profit from their content.

https://twitter.com/earlyfans_xyz

UpTo3.xyz: is a platform that converts activities into NFTs and provides consensus verification.

https://www.upto3.xyz/