Just two days after its release, blastEthereum layer 2 network From the founder of the dominant NFT market Blurhundreds of millions of dollars are flowing into newly created protocols existing on the network, and there is growing buzz about several other projects emerging within the ecosystem.
According to Blast’s website, the network already boasts more than $2.4 billion in total value locked (TVL). Many users flocked to Blast to take advantage of future airdrops that could reward early users of applications and protocols in the network.
Already clear winners have emerged, with some DeFi protocols receiving huge investments and other games and tokens gaining significant attention on social media. Here are some of the projects that dominated Blast’s early years.
orbit protocol
TVL exceeds $200 million, orbit is currently the hottest DeFi protocol built within the Blast ecosystem. The protocol incentivizes users by allowing them to lend and borrow assets while remaining within Blast and earn liquid rewards in the process. It also boasts its own native token, his ORBIT.
space key
Spacebar, which calls itself an “on-chain playground,” is a gamified platform where users are encouraged to interact with each other and earn different types of points. Users connect their Profile Picture (PFP) NFT to the ecosystem to create an avatar and create a new his NFT within the Spacebar game world.
Spacebar also encourages users to stake ETH within the platform to earn additional rewards. The main attraction of this project appears to be the promise of future airdrops to early active participants.
pack finance
First hybrid lending protocol launched on Blast, pack finance We facilitate both peer-to-peer and peer-to-pool loans on the Blast network. The project includes features such as self-paying loans, one-click leveraged trading, and instant financing loops. The platform is currently promising early adopters a large amount of Blast’s unreleased native tokens, which it received after winning the blockchain “Big Bang” app development competition.
pack moon
PacMoon, the self-proclaimed “community meme coin” of the Blast ecosystem, is a distinctly independent token project that launched with much fanfare this week. The token, PAC, has not yet been launched, but the project team says it will be airdropped at some point “soon.” But on the other hand, there was a frenzy on Twitter, where posts about the coin that caught the attention of the PacMoon team are said to have been given PAC quotas.
zerolend
Blast’s other lending marketplace, Zerolend, encourages users to lend and borrow a variety of tokens in exchange for rewards in ETH, BLAST, and ZERO, the protocol’s native token. Unlike Orbit Protocol and Pac Finance, Zerolend is already present on two of his other blockchains, Manta and zkSync Era.
district one
district one is a gamified, incentivized group messaging platform built on Blast. DistrictOne users can collectively earn rewards and compete for jackpots by liking messages and participating in posts. An important element of the ecosystem is “gems”. It rewards users for high engagement and earns a spot in weekly and ongoing airdrops.
juice finance
Juice Finance is a protocol that allows leveraged cross-margin trading. Users can farm and spot trades on other Blast protocols through Juice, and lenders and borrowers can earn various rewards in the process. Owners of certain Ethereum NFT projects such as Pudgy Penguins, Wassies, CryptoPunks, Azuki, DeGods, and RektGuy are automatically eligible to claim native juice points on the platform. At the time of writing, his TVL for Juice is approximately $35 million.
Edited by Andrew Hayward
