Blast's largest dApp, Thruster, announces completion of $7.5 million seed round, with strategic investment from OKX Ventures
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Blast's largest dApp, Thruster, announces completion of $7.5 million seed round, with strategic investment from OKX Ventures
Thruster builds liquidity hubs by integrating into top-tier teams and their platforms.
Navigating Web3 tides with focused insightsOKX Ventures, the investment arm of OKX, a leading global Web3 technology company, has announced a strategic investment in Thruster, the largest dApp on Blast. Thruster serves as a liquidity hub for top builders, yield seekers, and traders on Blast and is one of the fastest-growing DeFi protocols today. According to on-chain data, within one month of its launch on March 1, Thruster attracted over 100,000 users, accumulated more than $300 million in deposits, and achieved approximately $2 billion in trading volume.
Thruster’s seed round raised a total of $7.5 million, led by Pantera Capital, with participation from OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures, Arche Ventures, and other prominent builders and investment firms in the industry, as well as angel investors including Santiago R. Santos, Sam Kazemian (founder of Frax), TN Lee (founder of Pendle), Alex Lin (founder of Stacked), Kratik Lodha (founder of Renzo), Georgios Vlachos (founder of Axelar), David Choi (founder of Metastreet), Eric Ryklin (founder of Omega/Juice), and Dingaling.
Thruster builds its liquidity center by integrating with top teams and platforms. On one hand, it ensures liquidity providers achieve greater utility and returns through integrations with protocols such as Juice, Particle, Wasabi, and Hyperlock; on the other hand, it enhances order depth to deliver better trade execution for users on Thruster. Additionally, Thruster is currently integrated with leading Ethereum DeFi protocols such as Renzo, Kelp, and Frax, with plans to integrate more high-quality protocols in the future.
0xFri, a contributor to Thruster Finance, said: “We’re excited to collaborate with OKX Ventures and the OKX Web3 ecosystem to bring our vision of composable, yield-first DeFi to market. This funding will help us continue partnering with leading builders to further integrate Thruster’s products and liquidity across top-tier protocols in DeFi, NFTFi, and beyond.”
Jeff Ren, Partner at OKX Ventures, said: “We are thrilled to support Thruster in advancing DeFi development within the Blast ecosystem. This investment reflects our commitment to backing pioneering projects and innovative teams. Thruster’s focus on yield optimization and collaborative integration sets a strong example for the future of DeFi, and we look forward to continuing our collaboration with Blast and its ecosystem projects.”
About Thruster
Thruster is a decentralized finance protocol building a liquidity hub for the Blast ecosystem, enabling developers and users to maximize yield and conduct deep on-chain trading. Thruster works closely with leading Blast protocols, major liquidity providers, and investors. Since launch, Thruster has been used by over 100,000 unique wallets and has nearly $300 million in deposited assets.
About OKX Ventures
OKX Ventures is the investment arm of OKX, a leading global cryptocurrency exchange and Web3 technology company, with an initial capital commitment of $100 million. It focuses on identifying the most promising blockchain projects worldwide, supporting cutting-edge blockchain innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value. OKX Ventures provides entrepreneurs and projects contributing to the blockchain industry with global resources and operational expertise.
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