Following the launch of the Ethereum scaling solution Blast a few days ago, millions of dollars have been poured into various protocols running on that blockchain. And now, the buzz around several Blast-based projects is rising.
As of March 6th, Blast already boasts $2.5 billion in total value locked (TVL). The growing TVL is largely attributed to users committing their funds to the Blast network in anticipation of future token airdrops.
So, which are the hottest projects on Blast right now? Stick around! This article explores some of the projects that have garnered the attention of investors and users since Blast went live.
Orbit Protocol
With a total value locked of more than $210 million, Orbit Protocol is currently the biggest decentralized finance project on the Blast network. The platform lets users borrow and lend their assets with the Blast ecosystem. Orbit Protocol has its own native crypto, ORBIT, which is used to reward liquidity providers.
By borrowing and lending crypto assets on Orbit Protocol, you increase your chances of becoming eligible for the Blast token airdrop.
Spacebar
Describing itself as a “playground on the blockchain,” Spacebar is a gaming project that encourages Blast users to interact with each other in order to earn different types of points. Users are allowed to utilize certain Ethereum NFTs as avatars and can also mint NFTs within Spacebar.
The gaming protocol advises users to stake Ethereum to earn extra rewards and points, which will make them eligible for an upcoming token airdrop.
Pac Finance
Pac Finance is a top lending protocol available on Blast. It facilitates peer-to-pool and peer-to-peer loans on the Ethereum scaler. Pac Finance comes with several helpful features, including instant lending loops, self-repaying loans, and one-click leverage trading. It is worth mentioning that Pac Finance received thousands of coins of Blast’s native token after winning an app development competition organized by Blast. The lending protocol has promised to airdrop them to early adopters before the token launches over the coming months.
PacMoon
PacMoon describes itself as a “community meme coin.” Although its token PAC hasn’t launched, the project has already attracted the attention of thousands of crypto users since its announcement. Earlier this week, PacMoon’s team revealed that PAC will be launched via an airdrop. But how do you become eligible for the PAC airdrop? According to PacMoon’s Monday tweet, you need to create content about the PacMoon project on X, and if the official X account of the project retweets it, you will earn some PAC tokens.
Zerolend
Zerolend is another project within the Blast lending space. It incentivizes users to lend and borrow a wide range of crypto assets in exchange for rewards in the form of ZERO (Zerolend’s native crypto), ETH, and Blast points. Unlike Pac Finance and Orbit Protocol, Zerolend already has a presence on other networks, including zKSync Era and Manta.
DistrictOne
This is an on-chain messaging platform living on the Blast network. By engaging with various posts and liking messages, you get to earn rewards. Moreover, you can compete with other DistrictOne users for jackpots. Users with high engagement rates receive rewards in the form of “gems.” Holding gems automatically qualifies you for the upcoming airdrops.
As of this writing, access to DistrictOne is strictly by invitation only. Once you receive your invite code and pay 0.005 ETH, you will receive gems when anyone uses your code to join the messaging platform.
Juice Finance
Levered cross-margin trading is supported on Blast, thanks to Juice Finance. Moreover, the users of this platform can participate in yielding farming and spot trading on other Blast-based protocols.
Juice Finance allows holders of specific Ethereum NFTs, including CryptoPunks, RektGuy, Wassies, Azuki, Pudgy Penguins, and DeGods, to claim the protocol’s Juice points, which makes them eligible for Blast’s token airdrop.
As of March 6th, 2024, Juice Finance boasts $36 million in total value locked.
Although Blast has faced massive backlash since its initial launch last November, the network’s co-founder, Tieshun Roquerre, who established the Blur NFT marketplace, promises to make Blast a leading Ethereum scaling solution, allowing crypto users to earn yield.
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