Two days after the start blow outAn Ethereum Layer-2 network From the founder of the main NFT marketplace A blurhundreds of millions of dollars have gone into newly created protocols that live on the network – and buzz is growing about many other projects emerging in the ecosystem.
The network already boasts a total value locked in (TVL) north of $2.4 billion, according to the Blast website. Many users have flocked to Blast to take advantage of future airdrops that could reward users of early applications and protocols in the network.
Clear winners have already emerged, with some DeFi protocols garnering huge amounts of investment and other games and tokens garnering a lot of attention on social media. Here's a look at some of the projects that managed to explode in the early days.
orbital protocol
With a TVL of over $200 million, Orbit is currently the hottest DeFi protocol built in the Blast ecosystem. The protocol allows users to borrow and borrow assets while staying in Blast, and incentivizes users by earning them liquid rewards in the process. It also boasts its own native token, ORBIT.
space bar
Self-proclaimed as an “on-chain playground”, Spacebar is a platform where users are encouraged to connect and engage with each other to earn different types of points. Users connect their profile picture (PFP) NFTs to the ecosystem to create an avatar, and also generate new NFTs in the Spacebar game world.
Spacebar also encourages users to share ETH within the platform to earn additional rewards. The main attraction of the project seems to be the prospect of an upcoming airdrop for early and active participants.
Pak finance
The first hybrid lending protocol launched on Blast, Pak Finance facilitates both peer-to-peer loans, and peer-to-peer loans on the Blast network. The project includes features such as self-paying loans, one-click transactions, and quick loan lending. The platform is promising early adopters an amount of Blast's yet-to-be-launched native token, which it earned after winning Blockchain's “Big Bang” app development competition.
Pakmun
Blast Ecosystem's self-proclaimed “community meme coin,” Pacmun is an independent token project that launched this week to much fanfare. The token, PAC, hasn't launched yet — it will be via airdrop “soon,” according to the project team. But in the meantime, there has been an uproar on Twitter, with posts spotted by the PacMoon team about coins being allegedly rewarded with PAC allocations.
Zeroland
Another lending marketplace on Blast, Zerolend encourages users to borrow and lend various tokens in exchange for rewards in ETH, BLAST and ZERO, the protocol's native token. Along with Orbit Protocol and Pac Financial, Zerolead already exists on two other blockchains: Manta and zkSync Era.
District one
DistrictOne is a gamified, motivating group messaging platform built on Explosives. By liking messages and engaging with posts, DistrictOne users can collectively win prizes and compete for Jackpots. A key part of the ecosystem are “gems” that reward users for high engagement and earn points in weekly and ongoing airdrops.
Juicy finance
Juice Financial is a protocol that enables cross-margin trading. Users can trade farm produce and other mining protocols through Juice, and in the process, lenders and borrowers can earn various rewards. Holders of certain Ethereum NFT projects, including Pudgy Penguins, Wassies, CryptoPunks, Azuki, DeGods and RektGuy, are immediately eligible to earn the platform's native juice points. At the time of writing, Juice has a TVL of approximately $35 million.
Edited by Andrew Hayward.
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