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Bankless: In-depth analysis of 5 upcoming Blast projects.

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These 5 projects are exploring the boundaries of the Blast ecosystem by improving user experience, innovating trading mechanisms, and providing comprehensive DEX services.

Original Title: 5 Blast Projects Ready to Take Off

Original Author: David C, Bankless

Original Translation: Mars Finance, MK

Although Blast L2 is in a controversial position, its total locked value (TVL) of $15 billion is still hard to ignore. Criticism mainly focuses on the platform's apparent tendency towards some of the worst Ponzi schemes in the cryptocurrency industry. However, as the highly anticipated L2 project officially launches at the end of the month, public attention is shifting towards projects built for developers to participate in Blast's big bang competition. Blast has attracted a group of projects that hope to take a leading position in this controversial ecosystem.

Here are five selected projects built on the Blast platform, each attempting to leverage the advantages of the ecosystem to find a unique position for themselves. These projects range from mature infrastructure dedicated to simplifying user experience to protocols aimed at redefining leveraged trading, demonstrating that Blast may have truly opened up an exciting new category for DeFi.

Let's explore the truth!

Biconomy

Website | Twitter

Biconomy is committed to improving the user experience of Dapps through account abstraction and free transaction SDK. Recently, it announced its participation in the Big Bang competition. By eliminating the barrier of gas fees, it is expected to significantly increase the user activity of Dapps and increase the potential Blast rewards, as 50% of the Blast airdrop rewards are specifically set for developers.

Dapps using Biconomy can earn returns on funds covering user gas fees through Blast's native revenue model.

Particle Trade

Website | Twitter

Particle Trade aims to become the Uniswap of leveraged trading. This is an ambitious goal, but it has already received support from Polychain Capital, Neon DAO, and industry giant Arthur Hayes.

Its innovation lies in the Leveraged Automated Market Maker (LAMM) protocol, which enables users to achieve leveraged trading for any token by allowing them to borrow directly from centralized liquidity pools such as Uniswap V3.

Thruster Finance

Website | Twitter

Thruster Finance aims to become the DEX at the core of Blast and integrate the complete token lifecycle into a single protocol. Thruster has two core products: an automated market maker (AMM) and Thruster Launch.

Thruster's AMM is committed to improving the efficiency of on-chain transactions without relying on off-chain order books. At the same time, Thruster Launch is an open-source toolkit that allows both technical and non-technical teams to launch tokens and DAOs fairly without permission.

Thruster provides "lightweight" and "professional mode", allowing users to choose according to their preferences.

$PUMP MeMe Coin

Twitter

Are you fond of memetic coins? $PUMP token, launched by Wassies, is an NFT collection closely related to crypto Twitter personalities and easily becomes a meme. It will soon be launched on Blast.

This decentralized "art token" takes pride in its promise of fair launch, which combats the pre-distribution issue commonly found in most meme coins. Prior to its listing on Thruster, a meme contest was launched with a prize pool of 5% of the $PUMP supply.

Ultiverse

Website | Twitter

Ultiverse, supported by giants such as Binance Labs and Sequoia, has joined the Big Bang Competition, which is a social gaming platform that integrates AAA-level games, native encryption, and AI.

The Ultiverse project aims to enhance its platform economy by utilizing Blast's native revenue mechanism. The team has launched multiple projects that are interconnected through its Bodhi protocol. Their Blast announcement coincides with the launch of their governance token, showcasing a grand blueprint for the platform's future.

These five projects showcase the potential of Blast as a new paradigm in DeFi, whether through improving user experience, innovative trading mechanisms, providing comprehensive DEX services, promoting meme culture, or creating a brand new world integrating social games. Each project is exploring the boundaries of the Blast ecosystem. With the launch of Blast L2, these projects are expected to bring new vitality and innovation to the cryptocurrency field. Despite controversy and challenges, their goal is clear - to leverage the unique advantages of the Blast ecosystem to create more value for users and developers.