A new wealth code? Taking stock of DEX ecological projects on Blast

php editor Apple takes you to explore the DEX ecological project on Blast! With the development of blockchain technology, decentralized exchanges (DEX) are emerging as a new trend in digital asset trading. As an emerging DEX ecological project, Blast has attracted much attention. This article will take stock of various outstanding projects on Blast, explore their significance for digital wealth management, and future development prospects. Let us uncover this potential wealth code together!

On February 24th, Beijing time, Blast, the newly launched automatic interest-generating Layer2 network Blast by Pacman, the new generation of "economic model guru" and founder of Blur, officially announced the final results of the ecological application competition BIG BANG.

Ahead of the launch of the testnet, Blast has promised to provide airdrop rewards of 50% of the total token supply to projects deployed on its network. As a result, many projects have expressed interest in joining the network.

In mid-January, Blast officially launched the test network and opened registration for the BIG BANG competition to developers. More than 3,000 teams signed up to compete for potential token airdrop rewards and VC exposure opportunities.

According to the competition results, this round of BIG BANG has screened out a total of 118 potential projects, including 47 winning projects (Winners), 31 runner-up projects (Runner-Ups) and 40 honorable projects (Honorables). , involving multiple sectors such as lending, DEX, derivatives, GambleFi, NFT/Gaming, and Infra.

In order to help you select more valuable investments and interactive targets among the many Blast ecological projects, Odaily Planet Daily is based on the winning list, combined with the project’s positioning, financing history and airdrop allocation mechanism (some projects will develop All 47 award-winning projects, as well as some high-quality Runner-Ups and Honorables projects, have been sorted out. Hopefully this information will help you gain a deeper understanding of the thriving Blast ecosystem.

This article will first focus on the "Spot DEX" sector that is most familiar to users, and list the awards in this sector based on the results of the BIG BANG competition.

• Five Winners projects: Ambient Finance, Thruster, Bebop, Mangrove, Ring Protocol;
• Three Runner-Ups projects: Bladeswap, Blaster Swap, MonoSwap;
• Two Honorables projects: Definitive and RogueX.

Next, Odaily Planet Daily will conduct a micro-analysis of the above-mentioned projects based on project positioning, financing history, airdrop distribution mechanism and other factors.

Project 1: Ambient Finance

Social media account: @ambient_finance

Awards: Winners

Financing history: July 2023, Ambient Finance completed Seed round financing of US$6.5 million, led by BlockTower Capital, with participation from Jane Street, Circle, Tensai Capital, Naval, Yunt Capital, Susa Ventures, Quantstamp and Hypotenuse Labs, and individual investors including Ribbon Finance co-founder Julian, The Block Researcher Steven et al.

The official website shows that before the seed round, Ambient Finance also received financial support from PostiveSum and Motivate in the Pre-Seed round, but no other information was disclosed in this round of financing.

Developer airdrop share allocation mechanism: Not disclosed yet

Introduction: Ambient Finance was formerly CrocSwap, which is an improved AMM protocol. Its characteristic is that it can be supported uniformly in a single liquidity pool. Centralized liquidity market making (similar to Uniswap V3), full-scale liquidity market making (similar to Uniswap V2), and on-chain price orders.

Project 2: Thruster

Social media account: @thrusterfi

Award status: Winners

Financing history: In the official document, Thruster introduction stated: “We are extremely grateful to have direct support from some of the best builders and liquidity providers in the DeFi industry. These include DCFGod, PopcornKirby, B1lurr, CBB0FE, Casey Caruso (former Paradigm partner), 0xLawliette, Loomdart, and many other founders People and angel investors focusing on DeFi or Blast angel investors."

Developer airdrop share distribution mechanism: In the official document, Thruster said: "Once we obtain the developer airdrop of BLAST, we will Through a unique mechanism, the BLAST incentives in the airdrop pool are directed to some key cooperation pools to promote Thruster's liquidity fitness and attract more users."

Introduction: Thruster supports multiple AMM market making types at the same time , including centralized liquidity market making (similar to Uniswap V3), full-scale liquidity market making (similar to Uniswap V2) and stable market making (similar to Curve).

Project 3: Bebop

Social media account: @bebop_dex

Awards: Winners

Financing history: None (incubated by Wintermute)

Developer airdrop share allocation mechanism: Not disclosed yet

Introduction: Bebop is a DEX aggregator incubated by Wintermute. It is both an application and a set of APIs designed to provide users with Efficient and seamless spot trading services. It is worth mentioning that Bebop has clearly mentioned on the official website that there will be no tokens.

Project 4: Mangrove

Social media account: @mangrovedao

Awards: Winners

Financing history: In July 2021, Mangrove completed a $2.7 million seed round of financing, with participation from Wintermute Ventures, QCP Soteria Node, Monday Capital, Noia Capital, Zeeprime, Atka Capital, Stake Capital and John Lilic.

In February 2023, Mangrove completed a US$7.4 million Series A financing, led by Cumberland and Greenfield Capital, with participation from CMT and Gumi Crypto Capital.

Developer airdrop share allocation mechanism: 100% returned to Mangrove users.

Introduction: Mangrove is an order book DEX. Its biggest feature is that it allows liquidity providers to redeploy liquidity deployed on other protocols to Mangrove’s order book, thereby expanding potential revenue opportunities. Mangrove does not lock this liquidity, but only lists it. Users' liquidity can still operate normally within other protocols and will only be utilized when the offer is accepted.

Project 5: Ring Protocol

Social media account: @ProtocolRing

Awards: Winners

Financing history: None

Development Airdrop share allocation mechanism: Not disclosed yet

Introduction: From the testnet UI, Ring Protocol is a classic AMM model DEX, and will launch Launchpad service in the future. According to the award introduction, the Ring Protocol is characterized by allowing liquidity providers to earn income by pledging underlying assets and/or RWA assets.

Project 6: Bladeswap

Social media account: @bladeswapxyz

Awards: Runner-Ups

Financing history: None

Developer airdrop share distribution mechanism: 100% returned to Bladeswap users.

Introduction: Bladeswap is an AMM DEX driven by the ve governance model. Its biggest feature is that 100% of platform fees will be returned to token holders. Bladeswap has made it clear in its official documentation that it will launch protocol tokens in advance before BLAST to ensure that users can receive as many airdrops as possible.

Project 7: Blaster Swap

Social media account: @BlasterSwap

Awards: Runner-Ups

Financing history: None

Developer airdrop share allocation mechanism: 100% returned to Blaster users.

Introduction: Blaster is a DeFi aggregator with batch exchange function, allowing users to utilize the best path and price to achieve multiple exchanges in a single transaction.

Project 8: MonoSwap

Social media account: @monoswapio

Awards: Runner-Ups

Financing history: None

Developer airdrop share distribution mechanism: 100% returned to MonoSwap users. The official stated that detailed plans for airdrop distribution and mainnet launch will be announced in the next few days.

Introduction: MonoSwap is an AMM-type DEX that supports centralized liquidity market making (similar to Uniswap V3), full-scale liquidity market making (similar to Uniswap V2) and Launchpad services.

Project Nine: Definitive

Social Media Account: @DefinitiveFi

Awards: Honorables

Financing History: In November 2023, Definitive completed 410 Ten thousand US dollars in financing, led by BlockTower, with participation from Nascent, Coinbase Ventures, CMT Digital and others.

Developer airdrop share allocation mechanism: Not disclosed yet

Introduction: Definitive is an institutional-level trading platform created by three former Coinbase product and engineering staff, committed to providing an integrated The protocol's execution platform enables users to trade, obtain profit opportunities, and automatically monitor the risk level of positions.

Project 10: RogueX

Social media account: @Roguex_io

Awards: Honorables

Financing history: None

Developers Airdrop share distribution mechanism: 100% returned to RogueX users.

Introduction: RogueX is a DEX that supports both spot trading and contract trading. The platform has just announced that it will airdrop 100% of the BLAST developer airdrop share and share to the community through incentives in the form of incentives when Blast is launched on the mainnet. 32% of the total supply of ROX tokens.

Sequel Preview

This article only focuses on the "Spot DEX" sector, sorting out 10 early-stage projects that provide spot trading services from the 118 potential projects in the Blast ecosystem.

In the next article, we will continue to shift our focus to the "Derivatives" section. Readers, please stay tuned and work with us to sort out and uncover the ecological map of Blast.

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