Thruster Finance, Blast’s native decentralized exchange (DEX), has secured $7.5 million in a seed funding round led by Pantera Capital and OKX Ventures, alongside other prominent investors. This funding aims to advance its yield-focused DEX on the Ethereum Layer 2 network Blast, elevating the on-chain experience for users.
Key Highlights of the Funding Round
- Investors: Pantera Capital, OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures, Arche Fund, and angel investors.
- Valuation: $70 million (via SAFE agreement with token warrants).
- Goal: Enhance data tools, liquidity integration, and user experience.
👉 Explore Thruster Finance’s latest updates
Thruster Finance’s Dominance on Blast
Since its March 2024 launch, Thruster Finance has become Blast’s leading protocol:
- Total Value Locked (TVL): $320 million.
- Daily Trading Volume: ~$75 million.
- Weekly Active Users: 50,000+.
Blast’s yield-generating model (3.7% for ETH, 13% for stablecoins) has made it an attractive ecosystem for DeFi projects like Thruster Finance.
Future Roadmap
- Expand Partnerships: Integrate with more DeFi and NFTFi protocols.
- Improve UX: Match centralized exchange standards.
- Launch Programs: Early contributor and ambassador initiatives.
FAQs
Q: What makes Thruster Finance unique?
A: It’s Blast’s first yield-focused DEX, combining high liquidity with user-centric tools.
Q: How does Blast’s yield model work?
A: Yield comes from ETH staking and RWA protocols, distributed automatically to users.
Q: What’s next for Thruster Finance?
A: Enhanced swaps, cross-protocol liquidity, and a streamlined interface.
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Disclaimer: This content is for informational purposes only. Cryptocurrency investments carry risks; always conduct independent research.
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