Blog - Investing in Thruster | Pantera

Investing in Thruster

April 23rd, 2024 | Jonathan Gieg



In the world of decentralized finance (DeFi), scalability and efficiency remain key challenges. Layer 2 protocols have emerged as game-changers, significantly enhancing transaction speeds and reducing costs for users. Blast, in particular, has distinguished itself in the L2 space by rapidly implementing innovative growth strategies. By incentivizing community participation via points and promoting initiatives like the “Big Bang” competition to encourage the creation of native applications, Blast has managed to secure over $2 billion in total value locked (TVL) and attract a diverse ecosystem of developers.




Thruster is a liquidity hub and DEX built on Blast. We believe it represents a strategic evolution in the DeFi space and has quickly distinguished itself by integrating features and incentive models designed to promote participation and liquidity. This approach, along with its fair launch strategy and data-focused methodology for incentives similar to Blur with NFTs, has propelled Thruster to over $2 billion in trading volume, $300 million in liquidity, and over 100,000 users since its launch just under two months ago.


One of Thruster’s most compelling advantages is its deep integration within the Blast ecosystem. Thruster is the portal of all things DeFi & more on Blast. Through Thruster and its collective of partners, users have access to unique DeFi products, liquidity for the best Blast assets, and a smooth trading experience. This is driven by strategic partnerships secured through Blast’s “Big Bang” competition, ensuring exclusive collaboration with projects like Juice, Particle, Wasabi, and Hyperlock. They’ve also integrated with top Ethereum DeFi protocols like Renzo, Kelp, and Frax, which will expand Thruster’s reach and functionality. 


The contributors behind Thruster have deep experience building large-scale crypto-native products, on both technical and growth fronts. Their combined track record speaks to the technical acumen and leadership necessary to navigate the complex DeFi landscape.


We’re proud to lead the $7.5 million seed round for Thruster with participation from OKX Ventures, Mirana Ventures, ParaFi, and more as they continue innovating within the Blast ecosystem. If you’d like to learn more about Thruster or explore open roles, visit their website here.

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