Blast

DeFi

Coin98

April

Thruster Finance, a decentralized exchange protocol operating on the Ethereum Layer 2 network Blast, successfully concludes a seed funding round, raising $7.5 million. This funding round, led by Pantera Capital, marks a significant milestone for the decentralized finance (DeFi) platform.
Pantera Capital led the seed funding round, which was joined by prominent investors such as OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures, and Arche Fund (formerly Coin98 Ventures).&nbsp;
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 We’re excited to announce a seed round led by <a href="https://twitter.com/PanteraCapital?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@panteracapital</a> to help power yield-first DeFi! The round saw strategic participation from <a href="https://twitter.com/OKX_Ventures?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@okx_ventures</a>, <a href="https://twitter.com/mirana?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@mirana</a>, <a href="https://twitter.com/paraficapital?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@paraficapital</a>, <a href="https://twitter.com/DewhalesCapital?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@dewhalescapital</a>, <a href="https://twitter.com/ManifoldTrading?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@manifoldtrading</a>, founders and backers across the <a href="https://twitter.com/Blast_L2?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@Blast_l2</a> eco, amongst others. <a href="https://t.co/skdD0rsSAv" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/skdD0rsSAv</a>— Thruster (@ThrusterFi) <a href="https://twitter.com/ThrusterFi/status/1780946789325033739?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 18, 2024</a>
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Additionally, notable angel investors contributed to the funding round, including Santiago Santos, Sam Kazemian, TN Lee, Alex Lin, Kratik Lodha, and Georgios Vlachos. This collective support has propelled Thruster Finance to a valuation of $70 million, emphasizing the platform’s potential and market confidence in its vision.
Rapid Growth and Development
Launched as a yield-first DEX on Blast in March, Thruster Finance has quickly become popular with the DeFi community. Within a short span, it has become the second-largest DeFi protocol on the Ethereum Layer 2 network, <a href="https://defillama.com/chain/Blast" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">boasting</a> over $320 million in total value locked and attracting over 100,000 users.&nbsp;
Following the seed funding round, Thruster Finance is gearing up to broaden its services and strengthen its standing in the DeFi sector. The platform’s roadmap involves establishing strategic alliances, improving user interface and experience, and integrating Thruster products and liquidity into various DeFi and NFTFi protocols.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also read: <a href="https://www.cryptotimes.io/2024/04/18/fantasy-crypto-trading-card-game-debuts-on-blast-mainnet/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">“Fantasy” Crypto Trading Card Game Debuts on Blast Mainnet</a>
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Blast-Based Thruster Finance Hits $70M Valuation After $7.5M Funding Round

The Crypto Times

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