New Wealth Code? Top 118 Early Opportunities on Blast You Can't Miss (DEX Edition)
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New Wealth Code? Top 118 Early Opportunities on Blast You Can't Miss (DEX Edition)
Five DEXs have explicitly stated that they will return 100% of the developer airdrop allocation to the community.
Navigating Web3 tides with focused insightsWritten by: Azuma, Odaily Planet Daily
On February 24, Beijing time, Blast, the auto-yield-generating Layer 2 network newly launched by Pacman—the next-generation "economic model genius" and founder of Blur—officially announced the final results of its ecosystem application competition, BIG BANG.
Perhaps due to Blast’s commitment to allocate 50% of its total token supply as airdrop rewards for projects deployed on the network, even before the testnet launch, numerous projects had already expressed interest in joining.
In mid-January, Blast officially launched its testnet and opened registration for the BIG BANG competition. Ultimately, over 3,000 teams registered to compete for potential token airdrops and venture capital exposure opportunities.
According to the competition results, this round of BIG BANG selected a total of 118 promising projects, including 47 Winners, 31 Runner-Ups, and 40 Honorables, spanning sectors such as lending, DEXs, derivatives, GambleFi, NFT/Gaming, and Infra.
To help readers identify more valuable investment or interaction opportunities within the vast array of Blast ecosystem projects, Odaily Planet Daily has analyzed all 47 Winners and select high-quality Runner-Up and Honorable Mention projects based on project positioning, funding history, and airdrop distribution mechanisms (some projects will return developer airdrop allocations to users), aiming to provide deeper insights into the rising Blast ecosystem.
In this article, we will first focus on the most familiar segment for users—the spot DEX sector. According to the BIG BANG competition results, the winning projects in this category are as follows:
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Five Winners: Ambient Finance, Thruster, Bebop, Mangrove, Ring Protocol;
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Three Runner-Ups: Bladeswap, Blaster Swap, MonoSwap;
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Two Honorables: Definitive, RogueX.
Next, Odaily Planet Daily will conduct a micro-analysis of these projects based on their positioning, funding history, and airdrop distribution mechanisms.
Project One: Ambient Finance
Social Media Account: @ambient_finance
Award Status: Winner
Funding History: In July 2023, Ambient Finance 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 Julian, co-founder of Ribbon Finance, and Steven, researcher at The Block.
According to its official website, prior to the seed round, Ambient Finance also received funding during a pre-seed round from PostiveSum and Motivate, though no further details about that round have been disclosed.
Developer Airdrop Allocation Mechanism: Not yet disclosed
Overview: Ambient Finance was formerly known as CrocSwap, an improved AMM protocol notable for supporting concentrated liquidity provision (similar to Uniswap V3), full-range liquidity provision (similar to Uniswap V2), and on-chain limit orders—all within a single liquidity pool.
Project Two: Thruster
Social Media Account: @thrusterfi
Award Status: Winner
Funding History: In its official documentation, Thruster stated: "We are incredibly grateful to receive direct support from some of the best builders and liquidity providers in DeFi, including DCFGod, PopcornKirby, B1lurr, CBB0FE, Casey Caruso (former partner at Paradigm), 0x Lawliette, Loomdart, and many other founders and DeFi-focused angel investors or Blast angels."
Developer Airdrop Allocation Mechanism: As stated in the official documentation, "Once we receive the BLAST developer airdrop, we will use a unique mechanism to channel incentives from the airdrop pool into key cooperative pools to boost Thruster's liquidity fitness and attract more users."
Overview: Thruster supports multiple types of AMM market-making, including concentrated liquidity (like Uniswap V3), full-range liquidity (like Uniswap V2), and stablecoin-optimized market-making (like Curve).
Project Three: Bebop
Social Media Account: @bebop_dex
Award Status: Winner
Funding History: None (incubated by Wintermute)
Developer Airdrop Allocation Mechanism: Not yet disclosed
Overview: Bebop is a DEX aggregator incubated by Wintermute. It functions both as an application and an API suite designed to deliver efficient, seamless spot trading services. Notably, Bebop has explicitly stated on its official website that it will not issue a token.
Project Four: Mangrove
Social Media Account: @mangrovedao
Award Status: Winner
Funding History: In July 2021, Mangrove raised $2.7 million in a seed round 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 $7.4 million Series A round led by Cumberland and Greenfield Capital, with participation from CMT and Gumi Crypto Capital.
Developer Airdrop Allocation Mechanism: 100% returned to Mangrove users.
Overview: Mangrove is an order-book-based DEX whose key innovation lies in its “restaking” mechanism, which allows liquidity providers to redeploy liquidity already committed to other protocols onto Mangrove’s order book, thereby expanding potential yield opportunities. Mangrove does not lock this liquidity; instead, it merely lists it, allowing users to continue normal operations across other protocols, with funds only being utilized when an offer is accepted.
Project Five: Ring Protocol
Social Media Account: @ProtocolRing
Award Status: Winner
Funding History: None
Developer Airdrop Allocation Mechanism: Not yet disclosed
Overview: Based on its testnet UI, Ring Protocol is a classic AMM-model DEX that plans to launch a Launchpad service in the future. According to its award description, Ring Protocol enables liquidity providers to earn yield by staking base assets and/or RWA assets.
Project Six: Bladeswap
Social Media Account: @bladeswapxyz
Award Status: Runner-Up
Funding History: None
Developer Airdrop Allocation Mechanism: 100% returned to Bladeswap users.
Overview: Bladeswap is a ve-model-governed AMM DEX, distinguished primarily by returning 100% of platform fees to token holders. Bladeswap has clearly stated in its documentation that it will launch its protocol token ahead of BLAST’s release to ensure users can receive maximum airdrop benefits.
Project Seven: Blaster Swap
Social Media Account: @BlasterSwap
Award Status: Runner-Up
Funding History: None
Developer Airdrop Allocation Mechanism: 100% returned to Blaster users.
Overview: Blaster is a DeFi aggregator featuring batch swap functionality, enabling users to execute multiple swaps in a single transaction via optimal paths and prices.
Project Eight: MonoSwap
Social Media Account: @monoswapio
Award Status: Runner-Up
Funding History: None
Developer Airdrop Allocation Mechanism: 100% returned to MonoSwap users. The team stated it will publish detailed plans regarding airdrop distribution and mainnet launch in the coming days.
Overview: MonoSwap is an AMM-type DEX supporting concentrated liquidity provision (similar to Uniswap V3), full-range liquidity provision (similar to Uniswap V2), and Launchpad services.
Project Nine: Definitive
Social Media Account: @DefinitiveFi
Award Status: Honorable
Funding History: In November 2023, Definitive raised $4.1 million in a round led by BlockTower, with participation from Nascent, Coinbase Ventures, and CMT Digital.
Developer Airdrop Allocation Mechanism: Not yet disclosed
Overview: Definitive is an institutional-grade trading platform founded by three former product and engineering leads from Coinbase. It aims to provide an integrated execution platform aggregating various protocols, enabling users to trade, access yield opportunities, and automatically monitor portfolio risk levels.
Project Ten: RogueX
Social Media Account: @Roguex_io
Award Status: Honorable
Funding History: None
Developer Airdrop Allocation Mechanism: 100% returned to RogueX users.
Overview: RogueX is a DEX supporting both spot and perpetual trading. The platform recently announced that upon launching its mainnet on Blast, it will distribute 100% of its BLAST developer airdrop allocation and 32% of the total ROX token supply as community incentives.
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