Blast is a new layer-2 network that launched in February 2024. Like other layer-2 solutions, it enables third-party projects to build in its ecosystem.
This guide explores the best projects on the Blast network for growth investors. Discover up-and-coming Blast tokens before they become mainstream.
The Best Cryptocurrencies on the Blast network
Let’s start with a list of Blast network coins, with a brief overview of each project:
- BlastUP ($BLP) – Best crypto on the Blast network, with presale raising over $5M so far
- USDB (USDB) – The official stablecoin backing the Blast network, offers 15% APYs
- PacMoon (PAC) – Content creators earn tokenized rewards when posting on social media
- Blast Pepe (BEPE) – The first meme coin in the Blast ecosystem with a nano-cap valuation
- Orbit Protocol (ORBIT) – Open-sourced and non-custodial lending protocol on the Blast network
- Juice Finance (JUICE) – Maximize decentralized yields with 3x leverage on stablecoin deposits
- BlastCat (BCAT) – Cat-themed meme coin building long-term utility for token holders
Top Blast Network Crypto Coins: Our Analysis
Very few projects currently operate on the Blast network, considering the mainnet only went live in early 2024. This means investment options are limited. Nonetheless, all of the projects we discuss are brand-new tokens, meaning investors can get in early.
Read on to learn more about the top crypto projects on Blast network.
1. BlastUP ($BLP) – Best crypto on the Blast network, with presale raising over $5M so far
BlastUP is the latest crypto based on the Blast network that’s showing strong momentum having already raised over $5M via presale. Expectations are high with crypto enthusiasts expecting big gains for this crypto in the coming months.
BlastUP is a new launchpad platform designed for early-stage projects based within the Blast ecosystem. This includes project screening, launchpad accelerators, community incentives, and much more.
This project also supports staking, allowing users to stake ETH, WETH, and USDB to earn $BLP, Booster points, Blast native points and much more. Users can cultivate their BlastUP token supply by farming via the staking portal. $BLP HODLers can also make use of the seed staking feature which means users can earn free tokens from any of the supported projects.
2. USDB (USDB) – The Official Stablecoin Backing the Blast Network, Offers 15% APYs
USDB is the official stablecoin of the Blast ecosystem. It’s pegged to the US dollar via an auto-basing feature. First, users must bridge USDC to the Blast network. In doing so, APYs of 15% will be earned on the bridged tokens. USDB’s yield comes from T-Bill assets on the MakerDAO chain.
It leverages an algorithmic framework to maintain its peg. This means investors can generate yields without worrying about short-term volatility. USDB can be redeemed for USDC once the Blast bridge has been reversed. There are no lock-up periods or withdrawal penalties.
As per CoinMarketCap, more than 330 million USDB tokens are in circulation. This gives USDB a market capitalization of over $330 million. Consider the risks before investing in USDB – some would argue its 15% yields are unsustainable. Financial losses will be incurred if USDB loses its peg to the US dollar.
3. PacMoon (PAC) – Content Creators Earn Tokenized Rewards When Posting on Social Media
PacMoon is the next Blast network token to consider. It has an ambitious objective; to become the face of Blast. It has a first-mover advantage over other ‘Community Coins’, considering PacMoon was one of the first Blast network projects to launch.
Moreover, PacMoon has created an innovative rewards system to help promote its project. Put simply, content creators are incentivized to share posts on social media. This enables creators to earn PacMoon points, which can be converted to PAC tokens.
The more views the post gets the more points earned. PacMoon also offers tokenized rewards to developers who join its ecosystem. PacMoon is down 13% since launching on April 15th, 2024. It has a market capitalization of just under $18 million. However, only 27% of PAC tokens are included in the self-reported circulating supply.
4. Blast Pepe (BEPE) – The First Meme Coin on the Blast Network With a Nano-Cap Valuation
Blast Pepe claims to be the first meme coin on the Blast network. It’s based on a blue version of the original Pepe and has a total supply of 100 billion tokens. Blast Pepe launched on March 2nd, 2024 at $0.00001038. Within 24 hours, Blast Pepe increased to $0.00008047 – representing gains of 675%.
However, Blast Pepe has since declined by over 92% from its all-time highs. Based on current prices, Blast Pepe has a market capitalization of under $600,000. Therefore, Blast Pepe could be a good option if you’re searching for the best low-cap coins.
Blast Pepe also has solid tokenomics. For a start, 100% of the total supply is already in circulation. Moreover, the Blast Pepe liquidity pool has been burned. This means liquidity funds can’t be withdrawn by the developer. There is no trading tax either, meaning speculative traders can enter the market without paying a penalty.
5. Orbit Protocol (ORBIT) – Open-Sourced and Non-Custodial Lending Protocol on the Blast Network
Orbit Protocol is the next Blast layer-2 network project to consider. It has developed an open-sourced lending protocol with non-custodial safeguards. This means Orbit Protocol never touches client-owned funds. Those wanting to borrow capital need to deposit collateral into a lending pool.
Competitive rates of interest are charged on the amount borrowed. Conversely, investors can generate a yield on idle tokens by funding lending agreements. In terms of APYs, Orbit Protocol offers 5.77% on USDB deposits. This is considerably less than the 15% available on MakerDAO. Ethereum and Wrapped Bitcoin yield just 1.89% and 0.16% respectively.
Orbit Protocol also offers one of the best decentralized exchanges for Blast network tokens. Users simply need to connect a wallet and choose which tokens to swap. The project’s native token, ORBIT, has a market capitalization of just over $1 million. However, just 4.56% of the total supply is currently in circulation.
6. Juice Finance (JUICE) – Maximize Decentralized Yields With 3x Leverage on Stablecoin Deposits
Juice Finance is also revolutionizing the decentralized finance space for Blast ecosystem tokens. It enables investors to maximize yields on stablecoin deposits. Leverage of up to 3x is available when staking USDB, Blast’s native stablecoin. This means investors can access liquidity of up to $300 for every $100 deposited. Juice Finance has also developed a points farming system.
This is a win-win situation for Blast network investors. Contributing to the network (such as staking or lending tokens) generates Blast points. In turn, points will be converted to airdropped tokens via partnered projects. Juice Finance already has some notable backers, including Delphi Ventures, Blockchain.com, Borderless, and Lightspeed Faction.
Its native token, JUICE, has a market capitalization of over $12 million. However, like many Blast tokens, only a small percentage of the total supply is currently circulating. At 14%, this gives Juice Finance a fully diluted valuation of over $87 million. JUICE is down 47% since launching in March 2024.
7. BlastCat (BCAT) – Cat-Themed Meme Coin Building Long-Term Utility for Token Holders
BlastCat (BCAT) aims to become one of the best cat meme coins on the Blast network. It has a huge token supply of over 460 trillion. No taxes are implemented on transactions, ensuring smooth trading conditions for Blast ecosystem traders.
Although BlastCat doesn’t currently have any use cases, it’s working on several developments. This includes a staking pool for token holders, allowing them to generate passive yields. BlastCat is also launching an NFT collection on the Blast network.
Fees generated from NFT sales will be used for community rewards and marketing. The project will also launch competitions on social media, with tokenized rewards offered to those sharing content. BlastCat’s market capitalization is currently at just over $260,000. Its token price is down 87% since launching in March 2024.
What is the Blast Network?
Blast is a new layer-2 solution for the Ethereum ecosystem. It offers low fees and increased scalability for ERC-20 projects. Blast’s mainnet launch took place in February 2024. This means Blast is a brand-new project with untapped potential.
Unlike other layer-2 networks – such as Arbitrum and Polygon, Blast has yet to launch a native token. That said, an airdrop campaign is currently underway.
Similar to other crypto airdrops, participants must engage with Blast ecosystem projects. For example, by staking, lending, or swapping Blast tokens on decentralized platforms. Once its native token launches, this will be the best way to gain exposure to the Blast narrative.
In the meantime, investors can buy Blast network coins from third-party projects. Anyone can build on the Blast ecosystem, so it’s wise to diversify across several different niches. This might include meme coins, lending protocols, decentralized exchanges, and stablecoins.
How to Buy Blast Network Tokens?
Most Blast network tokens trade on decentralized exchanges. This adds an extra step to the investment process, as you’ll need to bridge ETH to the Blast network.
Here’s an overview of how the process works:
- First, you’ll need some ETH. This should be ETH on the Ethereum network.
- The next step is to bridge ETH over to Blast. You can do this on the official Blast website. Click ‘Bridge’ followed by ‘Connect Wallet’. Choose between MetaMask or WalletConnect and complete the bridge.
- Most Blast network tokens trade on Thruster. This is a growing decentralized exchange that supports the Bridge standard. Connect your wallet to the Thruster platform.
- In the ‘Select Token’ field, paste the contract address for the Blast token you want to buy. You can get this from CoinMarketCap.
- Finally, type in the number of Blast tokens to buy. After confirming, you’ll need to authorize the transaction in your connected wallet. The newly purchased Blast tokens should appear in your wallet in under a minute.
Should I Buy Crypto Coins on Blast Network?
Let’s explore whether or not Blast network tokens represent a viable investment.
First-Mover Advantage
Blast completed its mainnet launch on February 29, 2024. This opened the doors for new projects to build on the Blast framework. This is similar to ERC-20 tokens building on the Ethereum blockchain. Meaning – you can gain exposure to the network’s growth by purchasing Blast tokens.
Crucially, entering the market today will secure a first-mover advantage. After all, most Blast network tokens were created in March 2024 – just after the mainnet launch. The Blast narrative is yet to take off, so you’ll secure a favorable entry price.
Undervalued Market
According to CoinMarketCap data, the market capitalization of all Blast ecosystem tokens is just over $330 million. This is a tiny fraction of other layer-2 ecosystems.
For example, Base – the layer-2 network backed by Coinbase, is valued at over $2.8 billion. More established ecosystems like Polygon and Arbitrum have a total market capitalization of $39 billion and $192 billion, respectively.
This means that the Blast network could be heavily undervalued. For instance, suppose Blast catches up with Base. In doing so, the ecosystem would need to grow by over 8x.
Invest in Low-Valued Tokens
The Blast ecosystem is home to some of the best penny cryptocurrencies. The vast majority have small market capitalizations, meaning investors have the potential to make substantial gains.
For example, consider Orbit Protocol – a decentralized lending protocol on the Blast network. While just 4.56% of the token supply is in circulation, Orbit Protocol has a fully diluted valuation of just $26 million.
And then there’s Blast Pepe – which is one of the best meme coins in the Blast ecosystem. It has a market capitalization of under $600,000. If Blast Pepe becomes the leading Blast meme coin, it could grow by many multiples. After all, 100x gains would require a valuation of just $60 million.
ERC-20 Projects Continue to Bridge to Layer-2 Networks
There’s no denying that Ethereum is the de facto smart contract ecosystem. Not only in terms of project numbers but also the amount of total value locked (TVL). For instance, Ethereum has over $55 billion in TVL. Its nearest competitor, Solana, has just $3.7 billion.
However, an ongoing issue for Ethereum is its high fee structure. For instance, the average fee to swap tokens on decentralized exchanges is currently $6.88. NFT sales are even more expensive at $11.63 per transaction. In contrast, fees on layer-2 networks like Blast are a tiny fraction of what Ethereum users pay.
This means the use case for Blast is strong. However, the ecosystem needs to attract more projects for Blast network tokens to benefit. It’s too early to say whether Blast will be able to compete with other layer-2’s. This is why diversification across multiple side chains is the best option.
The Verdict
Blast network tokens are a brand-new phenomenon. The underlying network went live in February 2024, so it’s still a nascent narrative that could be heavily undervalued.
Those buying Blast tokens today will be one of the earliest to enter the market. Knowing which tokens will take off, if any, is the challenging part. Therefore, investors should ensure their Blast portfolio is well diversified.
FAQs
What are the tokens on the Blast network?
Does the Blast network have a future?
Does Blast have a coin?
References
- Top Blast ecosystem tokens by market capitalization (CoinMarketCap)
- Blast is the L2 that helps you earn (Blast)
- Why ether’s high price could be at risk despite strong supply and demand outlook (CNBC)
- What is layer 2? (Ethereum Foundation)
