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Thruster, a decentralized trading protocol based on Blast, completed a $7.5 million seed round led by Pantera Capital
Thruster, a decentralized trading protocol based on Blast, completed a $7.5 million seed round led by Pantera Capital
PANews News on April 18, according to The Block, Thruster, a decentralized trading protocol based on Blast, completed a US$7.5 million seed round of financing, with Pantera Capital leading the investment, OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures and Arche Fund (formerly Coin98 Ventures) participated in the investment. Angel investors include Santiago Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha and Axelar founder Georgios Vlachos. The round, structured as a simple agreement for future equity (SAFE) and token warrants, values Thruster at $70 million.
According to reports, Thruster was launched on Blast in March as a revenue-first DEX. It has quickly grown to become the second largest DeFi protocol on Ethereum Layer 2, with a total value locked of approximately $320 million, according to DeFiLlama. Thruster says it has amassed more than 100,000 users who have collectively traded nearly $2 billion in less than two months since its launch.
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