Blast Ecosystem Preview: Which Projects Are Worth Watching?
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Blast Ecosystem Preview: Which Projects Are Worth Watching?
Which Blast ecosystem projects are IronShun and the official Blast team paying attention to?
Navigating Web3 tides with focused insightsBy Karen, Foresight News
Last week, as Blast surpassed 100,000 users and its TVL exceeded $1.3 billion, the Blast testnet officially launched alongside the BIG BANG competition. According to Blast, winning DApps will be promoted to Blast users following the mainnet launch at the end of February. Winning teams can leverage Blast’s airdrop to incentivize growth of their DApp on the Blast mainnet and gain key advantages such as early liquidity bootstrapping.
Blast’s airdrop distribution reflects equal emphasis on both users and developers. Of the total airdrop allocation, 50% is reserved for 110,000 users and 50% for Blast developers—including winners of the BIG BANG competition and mainnet DApps. As per Blast documentation, part of the developer airdrop is set aside for competition winners, while the remainder is allocated to mainnet DApps. The exact split has not yet been disclosed, but the vast majority (over 90%) will go to mainnet DApps. However, Blast emphasizes that testnet participation alone will not guarantee any rewards.
Which sectors does Blast officially favor? Clues can be found in the categories of the Blast BIG BANG competition: perpetual DEXs, spot DEXs, lending protocols, NFT/gaming, SocialFi, GambleFi, infrastructure, and particularly projects uniquely leveraging Blast’s native yield or gas revenue sharing.
Given Blast’s roadmap—registration for BIG BANG now open, winning DApps to be announced on February 21, mainnet launch by end of February, and airdrop point redemption expected in May—it’s worth exploring and positioning within the Blast ecosystem early. Below, I’ve highlighted several projects followed by official Blast and Pacman Twitter accounts.
DEX / Liquidity
Thruster (followed by Pacman): A native DEX on Blast. For developers, Thruster offers fair launch mechanisms and liquidity tools; for users, it supports yield-generating tools along with social and analytics features to make trading and liquidity provision easier. Thruster has confirmed that many native Blast projects intend to use its infrastructure and community to bootstrap their tokens.
ambient: ambient (formerly CrocSwap) is a decentralized exchange protocol participating in the Blast BIG BANG competition. In July 2023, ambient raised $6.5 million in a seed round led by BlockTower Capital, with participation from Jane Street, Circle, Tensai Capital, Naval, Yunt Capital, Susa Ventures, Quantstamp, and Hypotenuse Labs. Individual investors include Ribbon Finance co-founder Julian, among others.
Ambient runs the entire DEX within a single smart contract, where individual AMM pools are lightweight data structures rather than separate contracts.
MonoSwap (followed by Blast and Pacman): MonoSwap aims to build a fully customizable liquidity infrastructure supporting ecosystem partners and leveraging Blast’s native yield, gas revenue sharing, and developer airdrops. MonoSwap has stated that 100% of its Blast developer airdrop will be distributed to the community through various initiatives. Airdrop amounts depend on users’ Mono XP, which measures testnet engagement.
Ring Protocol (followed by Blast and Pacman): Has launched a DEX called "Ring Exchange," offering swap services, a Launchpad, and Ring Earn (liquidity provision). Ring Protocol is already live on testnet.
BLASTER: Offers swapping, Launchpad, and yield-earning services.
Ignite Finance: Plans to introduce a custom DEX.
Derivatives
SynFutures Protocol: A decentralized derivatives protocol. SynFutures V3 has been deployed on the Blast testnet. In October 2023, SynFutures raised $22 million in a Series B round led by Pantera Capital, with Susquehanna International Group (SIG) and HashKey Capital participating.
Particle (followed by official Blast and Pacman): Particle is a decentralized leveraged trading protocol enabling traders to borrow directly from concentrated liquidity pools of automated market makers (AMMs), initially Uniswap v3. Particle has launched its Beta testnet [Stage-1]. The team has announced that 100% of its Blast developer airdrop will go to the community. In January 2024, Particle completed a seed round led by Polychain Capital, with participation from Nascent, Inflection, Neon DAO, Naveen Jain, Arthur Hayes, DCF God, Sam Williams, Kalos, Richard Ma, Palmer, and vxCozy.
For more information about Particle, see here.
Roguex: A permissionless spot and perpetual trading protocol. Roguex extends the concept of concentrated liquidity pioneered by Uniswap v3 to unlock idle capital in Uniswap-v3-style pools and utilizes these assets by adding perpetual trading functionality. ROX is the ERC-20 utility token of the protocol, while veROX is an ERC-721 governance token obtained by locking ROX tokens, granting voting rights. Roguex has launched its testnet on Blast.
Easy X: A native leveraged trading platform on Blast, soon to release its testnet. Easy X offers up to 100x leverage and supports gasless transactions.
Bloom: A native perpetual DEX on Blast built specifically for asset rebase, supporting gasless trading, social logins, enhanced yields, and up to 50x leverage.
SphereX (followed by official Blast): A multi-chain perpetual DEX launching first on Blast. SphereX uses an order book model with fees ranging between 0.02% and 0.05%.
Blast Futures (followed by official Blast): An order-book-based perpetual trading protocol.
Cyber Finance: A decentralized derivatives protocol founded by KOL Money Bunny and developed by former engineers from Dell and Huawei. Cyber Finance has already released a referral points leaderboard.
Launchpad
ZAP (followed by Blast and Pacman): A suite of token launch tools built on Blast. Incubated by Rarestone Ventures, ZAP features native gamification and SocialFi elements, a “invest now, pay later” option powered by Blast’s native yield, and plans to offer permissionless, no-code token issuance. It also intends to explore LBP (liquidity bootstrapping pools) in the future.
BLASTOFF (followed by official Blast): A native Launchpad and yield aggregator. Its yield IDO product, YIDO, allows users to stake ETH/stablecoins either natively or in the YZone, with a portion of generated yield distributed to YIDO projects launched on BlastOff. The yield aggregator product YZone offers multiple vaults with varying risk profiles.
YIDO whitelist eligibility and participation depend on a user’s Blast Force, which increases by staking BLASTO and depositing into YZone. Additionally, 50% of fees from YIDO and YZone will be used for BLASTO buybacks and burns.
SocialFi
EarlyFans (followed by Pacman): A SocialFi project on Blast built by atticc.xyz, enabling creators to monetize their content directly.
UpTo3.xyz: A platform that turns events into NFTs and provides consensus validation.
Lending
Natrium: A permissionless money market on Blast.
Blastway: A decentralized ecosystem incubator and money market protocol built on Blast, set to launch its testnet in the coming weeks.
NFT / Gaming
BAC Games (followed by official Blast): Web3 games built on Blast.
Blast Penguins: Will airdrop PENG tokens to holders. If Blast Penguins wins the Big Bang competition, 50% of its BLAST airdrop will be distributed to holders and ecosystem users. Blast Penguins is currently distributing OG roles.
Blastopians: An NFT collection launched by the Creed Alpha community. Whitelist spots have already been granted to members of CyberKongz, Moonbirds, and Memeland communities. Additionally, the Blastopian smart contract allows NFT holders to deposit their NFTs to earn points.
Infrastructure
Tornado Blast (followed by Blast and Pacman): Enables trading and “sniping” of tokens on Blast, allowing users to earn BLAST and Tornado rewards. Tornado Blast states that users can receive 100% of the BLAST developer airdrop and gas fee refunds, plus additional rewards and fees from Tornado Blast itself.
Boom Bots: On-chain cryptocurrency trading and investment bots. According to Boom Bots' published tokenomics, the total supply of its yield-governance token is 21 million, with 1 million allocated to early adopters and 2 million to be airdropped during its token launch in February.
Pyth Network: A leading oracle project that has deployed Pyth Entropy and Price Feeds on Blast. Pyth Entropy is a decentralized source of randomness designed to power the Blast Layer 2 economy and support its NFT ecosystem. Integration with the Blast ecosystem enhances its ability to serve numerous Web3 verticals such as NFT mints, prediction markets, and SocialFi. Pyth Price Feeds provide real-time pricing data from over 400 sources across five major asset classes for smart contract developers.
RedStone Oracles: Supports Blast builders using its gas-optimized RedStone Core model to deliver reliable data feeds.
The Graph: The decentralized indexing protocol The Graph now supports Blast subgraphs, enabling developers to quickly access organized data from the Blast testnet via subgraphs.
QuickNode: A blockchain development platform that now supports the Blast testnet.
Galxe: Web3 quest platform Galxe has announced integration with Blast.
Others
Blast Name Service (BlastNS): A cross-chain domain service powered by the domain protocol Star Protocol.
Zest: A collateralized stablecoin protocol that decouples yield generation from price volatility. Zest splits blast-ETH into zUSD (an interest-bearing stablecoin) and leveraged ETH tokens. Users can deposit blast-ETH to mint both zUSD and leveraged ETH tokens.
Layer Rating (followed by Pacman): A platform that rewards users for rating DApps. Layer Rating plans to launch its protocol on the Blast testnet around February 5.
As always, this article does not constitute any investment advice. Do your own research.
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