The Blast Network stands out as an innovative Ethereum Layer-2 scaling solution. It offers a unique proposition by providing native yield for ETH and stablecoins, a feature not commonly found in other Layer-2 solutions.
This article delves into the Blast Ecosystem's DEX projects, exploring their functionalities, applications, and potential impact on crypto space. By the end of this guide, readers will gain a comprehensive understanding of Blast's DEX projects and how to trade BLAST tokens on CoinEx.
What is Blast and its DEX Project?
Brief History and Background
Blast is a cutting-edge Layer 2 blockchain project built on Optimistic Rollups technology, fully compatible with the Ethereum Virtual Machine (EVM). The project addresses a significant gap in the Layer 2 market by offering real yields to users holding ETH and stablecoins. Unlike other Layer 2 solutions, which often do not provide yields, Blast ensures that asset holders benefit from staking rewards directly sourced from the Ethereum Layer 1 network.
In terms of investments, this initiative successfully raised $20 million from prominent funds, including Paradigm Capital, Standard Crypto, and several others.
Recent Developments
Blast's DEX projects have seen substantial development, with notable examples including:
Thruster: The Blast-based decentralized exchange protocol, Thruster, has successfully raised $7.5 million in a seed funding round led by Pantera Capital. Thruster is building a yield-first DEX on Blast for the best Blast-native teams and tokens to build on
TnTSwap: TnTSwap is an innovative blockchain platform built on Blast, combining DEX, NFT, Game, DAO, and more.
StarSwap: Starswap is a universal liquidity solution for cross-chain trading.
Blast Future Exchange: Blast Futures Exchange (BFX) DeFi platform with an overview of total value locked (TVL), analytics, token data, news, and historical charts
MonoSwap: Monoswap is a native yield reimagined. Blast native liquidity space. This initiative is introducing Blast-native v3 liquidity hub, featuring native yield. Users and LPs receive 100% ETH + USDB + Blast Points yields in MUSD, offering superior returns compared to stablecoins.
These projects highlight Blast’s commitment to creating a robust ecosystem that supports both developers and users.
Application/Utilities
Blast's native token, BLAST, is integral to its ecosystem. It is used for:
- Payments: Facilitating transactions within the ecosystem.
- Governance: Allowing token holders to participate in decision-making processes.
- Incentives: Rewarding users and developers who contribute to the network.
Tokenomics
Blast's token distribution strategy aims to foster long-term commitment and drive the platform's growth. Here's a detailed breakdown of the token allocation:
Token Allocation Overview
- Community - 50%
- Core Contributors - 25.5%.
- Investors - 16.5%
- Blast Foundation - 8%
How To Buy BLAST on CoinEx
Create an Account: Start by signing up for a CoinEx account.
- Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
- Navigate to the BLAST Trading Page: Once your account is funded, navigate to the dedicated Blast trading page on CoinEx. You can locate Blast trading pairs on the spot trading page using a search box and enter the term "Blast" to find the associated pairs.
- Choose a Trading Pair: Select the trading pair Blast/USDT to trade Blast against USDT.
- Specify the Purchase Amount: The next step is to specify the number of BLAST you wish to buy. You have the option to either buy them at the current market price or set a limit for your desired buying price on the trading page.
- Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order.
Conclusion
By offering real yields for ETH and stablecoins, Blast not only enhances asset value but also fosters innovation through profit-sharing and attractive airdrop programs. As the ecosystem continues to grow, its impact on the crypto market is expected to be substantial.
For those interested in trading BLAST tokens, CoinEx provides a reliable platform. Always conduct thorough research and due diligence before investing.
By exploring the Blast Ecosystem and understanding its potential, investors can make informed decisions about participating in this promising project. With its innovative approach and dedicated team, this initiative is set to make significant strides in the crypto space.
Convenient for users to know in time: https://www.coinex.com/en/info/BLAST
This article does not constitute investment advice.
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