Blast Unleashes L2 Native Yield Wave

Blast is the first L2 blockchain network that provides passive income potential for funds within Layer 2 accounts. Users deposit funds into Blast, and Blast immediately locks the corresponding ETH on the Layer 1 network for native staking and automatically returns the staking rewards in ETH to users on Blast. In addition to supporting native staking of ETH, Blast also provides passive income opportunities for stablecoins.

This "barbarian" approach is enough to shake the current position of traditional Layer 2. In the past, Layer 2 focused on improving performance, expanding RaaS, and multi-chain narratives. At the beginning of 2022, we were still discussing whether the future of Blockchain is multi-chain or ETH + Layer 2.

Now, Cosmos has taken a back seat, with attention, funds, and developers being snatched away by Layer 2 solutions such as Optimism/Arbitrum/Polygon/zkSync. However, Blast's approach is breaking new ground and may represent a new paradigm for Layer 2 development.

Therefore, compared to typical Layer 2 solutions, Blast, as an Optimistic Rollup, continues the operating habits of EVM users while opening up new income opportunities for users. Since its launch, Blast has gathered over 1.3 billion TVL in just 2 months, breaking the record for the fastest L2 growth and triggering a wave of other L2 Native Yield solutions.

BIG BANG!

Blast's Big Bang Competition

Big Bang is a one-month "arms race" held by Blast from January 17th to February 17th, consisting of three stages:

• 1. Intentional registration

• 2. Project submission

• 3. Selection of winners

At the same time, Big Bang provides 8 tracks for participating Dapps to choose from. Each project needs to select a track when submitting the DEMO and demo video, and will compete with other projects in the same track.

Opportunities of Big Bang

Blast provides generous rewards for Dapps participating in the Big Bang competition to encourage project deployment and operation on Blast.

First, in February, Blast will release ETH locked liquidity, and Dapps deployed on Blast will have the opportunity to share the released 1.4 billion TVL and participate in the 104k locked users. This is a great opportunity for any project to have a good start.

Second, participating projects in Big Bang will receive personalized guidance from Investors.

Finally, Blast has reserved 50% of the total AirDrop amount to incentivize developers. Less than 10% of this will be allocated to Big Bang winners, and over 90% will be distributed to Dapps on the Blast mainnet, making it the largest airdrop for developers in history.

In addition, users will not receive any rewards for interacting on Blast's testnet, but there may be opportunities to receive interaction rewards once the mainnet is launched.

Blast Ecosystem Overview

Since Blast announced Big Bang less than two days ago, over 60 projects have announced partnerships with Blast and will be building on Blast. Here are 7 projects worth tracking from the early stages:

• PumpX: PumpX is a cross-chain consumer liquidity protocol that organizes idle funds scattered across different blockchains to provide financial support for on-chain asset transactions by consumers and support the trading depth and activity of on-chain assets. The PumpX protocol provides project-level lending functions in the checkout pages of project parties, decentralized wallets, and trading markets, and imports consumer liquidity gathered on Blast. PumpX is also one of Binance's Most Valuable Projects (MVB), invested by top institutions such as IOSG, HashKey, and Distributed Capital. Some of PumpX's smart contracts have been deployed on Blast's testnet for debugging. PumpX has announced subsequent airdrops in conjunction with Blast and is worth continuous attention.

• Pyth Network: Pyth is dedicated to providing real-time market data for financial dApps on the blockchain. This means that Pyth can provide users with low-latency price information for over 380 assets, including cryptocurrencies, stocks, ETFs, forex pairs, and commodities.

• Quick Node: QuickNode is a blockchain development platform that provides reliable infrastructure, hosted RPC services, elastic APIs, and powerful analytics for projects of all sizes. With globally distributed multi-chain infrastructure and automatic scaling, QuickNode can support applications throughout the entire growth process from MVP to large-scale adoption in the entire Web3 ecosystem.

• Thruster: Thruster is Blast's native DEX, benefiting traders, LPs, and developers with Blast's native yield, custom liquidity solutions, and a more streamlined user interface/user experience.

• The Graph: The Graph is known as the "decentralized Google" in the crypto world because it uses indexing and querying methods similar to Google, but provides a more open and accessible way to query and utilize data in a decentralized manner. Developers can create and query their own subgraphs via The Graph, making the entire Ethereum ecosystem more open and interconnected.

• Ambient: Ambient is a decentralized trading protocol that allows for the combination of centralized and environment-constant product liquidity for any pair of blockchain assets in a two-way AMM. Ambient runs the entire DEX within a single smart contract, where a single AMM pool is a lightweight data structure rather than an independent smart contract. This design makes Ambient the most efficient Ethereum-based DEX currently.

• RedStone: RedStone is an oracle that provides frequent updates, reliable, and diverse data sources for DApps and smart contracts on multiple L1 and L2 networks.

Other Early Projects to Watch

• Spot Dex Direction:

Monoswap, V3 liquidity center with native yield.

IgniteFi, community-based Dex.

RingProtocol, Dex with breakthrough features.

MidNight, decentralized exchange based on the Ve33 model with Blast native yield.

StarSwap, multi-chain Dex.

Blasterfi, offers up to 50x yield and 2x airdrop from Blast.

Roguex, an innovative Dex for spot and futures trading in the same pool.

Tntswap, a Dex integrating tokens, NFTs, games, and DAOs.

HyperBlastDex, AMM-based Dex with native yield.

Blasted, a yield-generating Dex.

Additionally, several other Dex platforms such as BlastSwap, Interport Finance, and BrewLabs have announced their construction based on Blast.

• Futures Dex Direction:

NFTPerp, contract trading for NFTs.

EasyX, trading service offering up to 100x leverage without KYC.

CyberFinance, derivatives protocol.

Particle, offering permissionless leverage trading services.

Prism, a new trading dimension.

• Infrastructure Direction:

RilleProtocol, innovative DeFi risk quantification/transfer solution.

MoonBlast, L2 LaunchPad based on EVM.

BlastDomains and BNS, providing Blast domain services.

BlastOff, LaunchPad with native yield.

CSRfi, infrastructure protocol promoting sustainable yield.

• Lending Direction:

MIM Spell, stablecoin lending protocol.

Natrium Protocol, optimizing lending returns through flexible trading pairs.

Wand, non-liquidating asset structured protocol.

HadouKen, comprehensive lending protocol.

Zest, stablecoin lending protocol.

Maneki, permissionless lending protocol.

• NFT Direction:

Wassies, BlastPenguines, BlastoPians,

50x50, Defusion, DegenDNA, CSPEPE.

• Gaming Direction:

Kangiten, Vroom.bet, Blastoise,

BAC Games, Risk, Metaverse Headquarters.

In this new Layer 2 battlefield, the success of the Big Bang competition marks a fresh start for the Blast ecosystem. In just three days, Blast has attracted 60 projects from various tracks, injecting vibrant energy into this ecosystem. However, we believe this is just the beginning, and the future will see the addition of more high-quality projects, collectively building a more prosperous and diverse Blast Layer 2 ecosystem.

With the integration of more projects, the Blast ecosystem will further grow and solidify. The future is here, and the footsteps of the bull market have already been heard. The takeoff guide for the Blast Layer 2 ecosystem has been drawn, and let us together embrace this bullish market full of hope and opportunities!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。