Billy (BILLY), a community-driven meme coin on the Solana blockchain, combines creativity and blockchain efficiency to foster community engagement.

The cryptocurrency world is currently in the grip of a 

 frenzy, with quirky and unpredictable tokens riding the wave of internet culture and viral trends. Among these rising stars is Billy (BILLY), a 

–inspired coin that has made its name on the 

 blockchain. Launched in June 2024, Billy blends a fun, community-driven spirit with the power of blockchain technology, all while promising to be worth "billyons and billyons." In this article, we’ll take a closer look at Billy’s journey, its unique features and tokenomics — and what sets it apart in the crowded meme coin space.

, a meme coin project inspired by an adorable Shiba Inu, is known for its community-driven development. Launched on the Solana blockchain in June 2024, the dog-themed crypto aims to create an engaged community by leveraging the viral nature of internet culture and the efficiency of blockchain technology.

The Billy project is on a mission to overcome the volatility and limited utility typical of meme coins by building a stable and practical ecosystem. It strives to keep its community actively involved through creative projects and strategic partnerships, an approach that will hopefully provide real-world applications and value beyond mere speculation.

Billy runs on the Solana blockchain. The project leverages community-driven initiatives to create a lively, interactive experience for its users. Through social media campaigns, viral memes and other content, Billy encourages active participation, building a strong sense of belonging among its holders. This grassroots approach weaves a tight-knit community and boosts the coin's visibility across platforms.

Billy's foundation on the Solana blockchain guarantees high-speed transactions and low fees. This key feature makes it an appealing choice for traders seeking an affordable alternative to blockchains such as Ethereum. Solana’s efficiency ensures that users can buy and sell BILLY on various exchanges without worrying about hefty transaction costs, which makes the token more accessible and usable.

Adding to the excitement, Billy offers unique features that set it apart in the crowded meme coin market. A theme song adds a playful vibe to its identity, while a meme maker tool will empower users to create and share personalized memes featuring Billy’s Shiba Inu mascot. These engaging elements entertain users and also contribute to long-term retention, thus differentiating Billy in the saturated meme coin ecosystem. Blending community, creativity and blockchain efficiency, Billy sets up as a delightful and interactive presence in the crypto space.

The Billy token (BILLY) is the native cryptocurrency powering the Billy project. It’s used for paying transaction fees, earning staking rewards, governance and participation in community-driven initiatives. 

BILLY’s tokenomics are structured to support the project’s long-term sustainability and encourage active participation. The total token supply of 1 billion is strategically distributed, with portions allocated for community incentives, development, marketing and partnerships. This balanced approach ensures resources are available for growth, while encouraging users to take part in the project’s ecosystem through rewards and incentives.

BILLY’s tokenomics lean heavily on community engagement, prioritizing rewards for holders and contributors. This focus strengthens user loyalty and drives the overall development and expansion of the Billy project. 

Billy was abandoned right after its June 2024 launch by its anonymous creator. However, its community stepped up and took over the project, refusing to let it fail. The BILLY token surged dramatically despite this shaky start, reaching an all-time high of $0.2211 and a market cap of $225 million by Jul 21, 2024. This impressive feat placed Billy right behind 

-launched token on Solana. The surge was driven by strategic marketing efforts spearheaded by its vibrant community and bolstered by listings on major exchanges like CoinW and Bitget, cementing its presence in the competitive meme coin market.

However, following this peak, Billy faced a significant dip, with its market cap crashing by approximately 93% to $15 million by September 2024. Despite this setback, the community's doggedness kept the project afloat. A glimmer of hope emerged in mid-November 2024, as renewed interest was fueled by promotional events and strategic partnerships. Notably, Binance introduced merchandise featuring the iconic BILLY meme, injecting new energy into the project and sparking a modest recovery. 

Currently trading at around $0.0309 (as of Dec 16, 2024), Billy’s journey exemplifies the typical rollercoaster ride of meme coins, marked by dramatic highs and lows. While its future remains uncertain, its community's persistence and ongoing efforts continue to spark discussions among investors about the token's potential for growth in the volatile world of meme coins.

Looking to trade BILLY tokens? Bybit now offers the BILLYUSDT Perpetual contract for trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

As with any cryptocurrency, investing in BILLY comes with significant risks due to the 

. Billy’s strengths lie in its vibrant community, creative initiatives and efficient foundation on the Solana blockchain. However, its history of dramatic highs and lows calls for caution.

Potential investors need to weigh the risks against Billy’s unique features and community-driven efforts. While Billy has shown resilience and adaptability, always 

Billy has managed to stamp its paw print in the meme coin world by combining community-driven energy with the fast and affordable features of the Solana blockchain. Despite its challenging start and the ups and downs of the market, the project has shown resilience, thanks to its creative initiatives and passionate community. The journey of the "cutest dog on Solana" proves how important strong community support and leadership are for navigating the unpredictable world of cryptocurrencies.

Intermediate

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Billy (BILLY): The Cutest Dog on the Solana Blockchain

Dec 16, 2024: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly Highlight — Europe’s Stagnant Economy Spurs Further Rate Cuts

European Economic Data. Source: Bloomberg

European Central Bank (ECB) policymakers have indicated that further interest rate cuts are forthcoming. France’s François Villeroy de Galhau stated that investors' expectations for over 100 basis points (bps) of easing appear reasonable. He confirmed that there would be multiple rate cuts next year, aligning with market forecasts.

The ECB recently lowered borrowing costs for the fourth time this year, reflecting concerns over the eurozone’s economic outlook. Officials anticipate a quarter-point rate cut in both January and March 2025, adjusting the current rate of 3%.

Data showed stagnant industrial production in October, signaling challenges for the eurozone economy. Villeroy emphasized that the ECB remains above the neutral rate level, and indicated room for further adjustments. Other officials, including those from Estonia, Portugal and Spain, also foresee further borrowing cost reductions as the EU economy struggles to gain momentum.

Weekly Crypto Highlight — MicroStrategy Added to Nasdaq-100

MicroStrategy Inc., known for its significant investments in Bitcoin, is set to join the Nasdaq-100 Index (NDX

, a move announced by Nasdaq Global Indexes. Alongside MicroStrategy, Palantir Technologies and Axon Enterprise will also be added, while Illumina, Supermicro and Moderna will be removed. These changes take effect on Dec 23, 2024.

MicroStrategy's inclusion marks a notable endorsement for its founder, Michael Saylor, whose unconventional approach has led to a 500% surge in the company’s share price this year. Starting as an enterprise analytics software provider, MicroStrategy shifted its focus to accumulating Bitcoin, which has substantially increased its market value to nearly $100 billion. However, this volatility poses potential risks to the Nasdaq-100, as the company's stock has fluctuated significantly compared to the NDX.

The announcement boosted Bitcoin's value by over 1%, indicating that MicroStrategy's Index membership could attract more institutional investment. Despite its stock gains, MicroStrategy reported a third consecutive quarterly loss, due to impairment charges on its Bitcoin holdings, alongside a 10% decline in software revenue.

Palantir, co-founded by billionaire Peter Thiel, is enjoying a 343% increase in stock value this year, driven by demand for its AI-driven data analysis tools. Meanwhile, Axon Enterprise, which produces Tasers and body cameras, has also seen a 150% rise in stock price, aided by its AI software innovations.

Inclusion in the Nasdaq-100 offers these companies increased visibility, liquidity and potentially a boost in stock prices, as significant funds must acquire shares of Index members. This reshuffling reflects broader trends in technology and investment, with the Nasdaq-100 up 30% this year, outperforming other major indices.

Advanced

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Weekly Institutional Insights: Microstrategy Included in Nasdaq-100, Adding Institutions’ Passive Exposure to Bitcoin

Celebrate our collective journey on Bybit Learn throughout 2024 as we go through the highlights of your crypto learning journey, and look at what’s on the horizon in 2025.

2024 was a landmark year for the cryptocurrency industry, marked by significant events that reshaped the landscape of digital assets.

The year kicked off with a bang as the U.S. Securities and Exchange Commission (SEC) approved spot 

 in early 2024. This approval not only legitimized Bitcoin in the eyes of traditional investors but also paved the way for massive institutional investment into the cryptocurrency market.

Market sentiments turned bullish in March, driven by the successful 

 launch. Bitcoin's price surged and broke its 2021 all-time high (ATH) price of $69,000. This marked the first time Bitcoin made a new ATH before the Bitcoin halving event.

 in April 2024, which reduced the reward for mining new blocks, effectively halving the rate at which new BTC are generated.

Finally, in November 2024, Donald Trump was re-elected as President of the United States, which had a profound impact on the crypto market. His administration's pro-crypto stance included pledges to make the U.S. the "crypto capital of the world." This fueled optimism and drove Bitcoin’s price above the historical 

Throughout this tumultuous and exciting year, 

 was a steadfast companion for crypto enthusiasts and investors, providing educational content, daily market updates, research reports and more.

This article celebrates our collective journey on Bybit Learn throughout 2024, encapsulating the learning and growth within the everchanging crypto space.

Your Favorite Crypto Page-Turner This Year

You dove headfirst into the deep end of crypto in 2024, embracing our most captivating pieces like they were the last episodes of your favorite Netflix series. From blockchain basics to memecoin trading, you've shown that when it comes to learning, you're all in for the long haul.

Time flies. Not too long ago, we covered a 

, one of your favorite articles. Now, we are celebrating 2024, and what a year it has been. Bybit launched numerous innovative products, with 

 one of the most interesting to our readers. The Ton ecosystem drew 

 the top few articles. Our readers constantly leveled up their crypto knowledge, especially in 

The Topics You Couldn't Stop Learning About

Your curiosity took the wheel this year, navigating through topics like a pro. Your top picks? A ride through this year’s crypto trends that had you on the edge of your seat. 

 topics was our readers' favorite pastime, and it's no surprise given Bybit’s exciting 

 is a hot topic, after all, we are the second-largest crypto exchange by trading volume. 

, the talk of the town for the whole year, is rightfully in the top picks, as is 

, which had a stellar year and also broke ATHs multiple times. Finally, rounding up the top six are 

You joined the ranks of the crypto curious, rallying behind campaigns that not only educated but also inspired action. These were the campaigns that made you feel part of something bigger, turning learning into a community event.

 and generated over $100 billion in trading volume in the competition’s fourth edition. Next is Bybit’s 

, testament to the ever-growing popularity of trading bots. Bybit’s 

 introduced newcomers to the world of trading, while Ton enthusiasts got their hands on over $200,000 in airdrops during the 

Like a true crypto adventurer, you've climbed the ranks of knowledge with our R2E courses. These were your go-to guides, turning you from a rookie to a crypto sage. 

In celebration of a significant milestone, 

 course was one of your top picks. Speaking of milestones, the launch of 

 were popular courses too. You also loved the 

The Bybit Learn Report That Was Your Crypto Bible

Among the sea of reports, one stood out as your beacon of insight. It wasn't just data; it was the story of the year, the one report that had you nodding in agreement and scribbling notes for future reference.

 report took top spot amongst Bybit Learn readers. As the crypto markets heated up, our 

 report offered you the insights to navigate through the volatility. The U.S. election had everyone on edge, and our 

 helped break down the implications for crypto. We also dissected the derivatives market in our 

 report, giving traders the edge. Our recently launched 

 shed light on crypto whales. And let's not forget to celebrate 

 report — a testament to our journey together.

Live and in action, you tuned into the livestream that felt like the live concert of the crypto world. The energy, the insights, the community interaction - this was where you felt most connected.

, giving you the lowdown on their winning strategies. Then, we caught the wave with 

, sharing tips on how to capitalize on those market highs. Our 

 session introduced a fun way to engage with crypto right from your fingertips. For those of you diving deep into charts, 

 levelled up your technical knowledge. We also explored broad strategies in 

As we look forward, the horizon seems bright and buzzing with potential. 2025 is shaping up to be a year where the crypto narrative writes new chapters.

In 2025, many are watching for a significant shift in the regulatory landscape, particularly with Donald Trump set to assume office in January 2025. Trump’s recent 

 of pro-crypto candidates, such as David Sacks as his "White House A.I. & Crypto Czar," could spur a resurgence in innovation in the US. 

Many experts predict that there will be more defined regulations globally, particularly in regions like Europe and the United States. Clearer regulatory frameworks are expected to spur institutional adoption, providing a level of certainty that could attract more traditional investors to the crypto space.

Technological advancements and new use cases for blockchain technology, such as AI integration, could be significant drivers. The integration of AI in cryptocurrency projects, particularly in the recent growth of 

, could see AI and blockchain establish itself as a major trend.

Finally, the broader economic environment, including potential Fed rate adjustments and geopolitical stability, could contribute to a bullish market for cryptocurrencies in 2025.

You asked and we listened. Bybit Learn is set to launch a community hub for you, our readers! Comment, like, share and engage in interesting conversations with fellow readers on the hottest topics in crypto.

Love our livestreams? Get ready to tune in to even more engaging and interesting content from our team, from helping you understand markets to master Bybit products.

Finally, look forward to more partnerships and reports from esteemed partners to help you navigate the choppy waters of crypto.

Next year promises to be a blockbuster, with new courses, exciting campaigns and groundbreaking reports. Like waiting for the next season of your favorite show, you're in for more learning adventures that will redefine your crypto journey.

Beginner

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Bybit Learn Wrapped 2024

Suilend is a decentralized lending protocol built on Sui that enables users to borrow and lend crypto assets. Learn more about how it works here.

 (DeFi), complex lending protocols and high fees create barriers for users seeking to borrow and lend. Suilend was built by the team behind the successful 

 lending protocol with over $400 million in 

 with a clear mission to make DeFi lending simple, secure and accessible.

This article explores Suilend's innovative features, its native SEND token and its reshaping of DeFi on Sui’s blockchain. We'll delve into Suilend's history, examine its unique offerings and analyze its potential as an investment opportunity in the growing Sui ecosystem.

 is a decentralized lending protocol built on Sui that enables users to borrow and lend crypto assets, with features including multi-asset collateral support, dynamic interest rates, risk-isolated lending pools and 

Launched in March 2024, Suilend represents Solend's strategic expansion from Solana to Sui. The Suilend team brings proven expertise to Sui's growing ecosystem from Solend, the tenth-largest protocol on Solana, with $432 million in TVL and over 170,000 users across 70 assets (as of December 2024).

The project is led by pseudonymous Solend founder Rooter, and combines expertise from 15 team members (including 11 developers from Morgan Stanley, Bell Labs and IBM). The move to Sui was driven by the blockchain's advanced capabilities and the Move programming language's superior tooling.

Suilend's vision has attracted $6 million across two funding rounds, with Robot Ventures leading the latest $4 million investment. Suilend has already become the largest DeFi protocol on Sui, with a 

Suilend aims to transform DeFi lending by removing traditional barriers to entry. The protocol tackles the key challenges of high transaction costs that eat into profits, complex interfaces that deter adoption and the depegging risks common in liquid staking.

Leveraging Sui's architecture, Suilend achieves unprecedented performance with 297,000 

 and 480-millisecond finality. The protocol combines this speed with comprehensive features, such as isolated lending pools, a points system and its innovative 

With a strong focus on security, Suilend has undergone thorough audits by leading blockchain security firms Zellic and OtterSec. This commitment to security and user-focused features establishes a trusted foundation for DeFi innovation.

Suilend operates through distinct categories of lending pools: main assets, which undergo rigorous due diligence, and isolated assets for newer or more volatile tokens. Users can lend their assets to earn interest or borrow against collateral, with all transactions automated through 

For main assets, users can freely combine different tokens as collateral. However, isolated assets require dedicated collateral that can't be shared across positions, protecting the protocol from risk spillover. Borrowing limits for isolated assets are more conservative and require closer monitoring, due to potential price volatility.

The platform employs a dynamic interest rate model that adjusts based on pool utilization. Rates typically fluctuate more for isolated assets, depending upon market demand and availability. Suilend implements a simple one-time borrowing fee structure with no hidden charges in order to keep costs predictable.

Beyond traditional lending, Suilend integrates the SpringSui liquid staking solution for instant unstaking of SUI tokens. Users can stake SUI to receive sSUI tokens, which maintain their peg through SIP-33 implementation and can be used as collateral within the protocol.

Robust security measures and automated risk management systems protect user assets at every step. The protocol monitors positions continuously, adjusting requirements based on market conditions, and ensuring users maintain adequate collateral to prevent liquidation.

Suilend offers a comprehensive suite of features to enhance efficiency and user benefits.

Suilend operates two types of lending pools: main assets and isolated assets. Main assets undergo rigorous due diligence, and support combined collateral positions, while isolated assets operate in separate pools to contain potential risks from newer or more volatile tokens.

Each pool features specific risk parameters and collateralization ratios, allowing users to earn yields while maintaining security. Through this dual-pool system, Suilend balances high-yield opportunities with robust 

Suilend incorporates an efficient swap mechanism, allowing users to exchange tokens directly within the platform. This integration reduces the need for external DEXs and minimizes transaction fees to enhance the overall user experience.

Suilend facilitates asset transfers between different blockchain networks through its 

 functionality. The system ensures secure cross-chain transactions to expand accessibility while maintaining robust security measures.

 system distributes 10 million points daily to active users, based on deposit amount and duration. These nontransferable points unlock benefits, such as reduced borrowing rates and future governance participation, to incentivize long-term platform engagement.

SpringSui represents Suilend's open-source standard for liquid staking on Sui. Users who stake SUI receive sSUI tokens, which can be traded, used in DeFi or instantly converted back to SUI, thus eliminating the traditional multi-day waiting period for unstaking.

Built on protocol upgrades SIP-31 and SIP-33, SpringSui solves the depegging risks common in liquid staking. The platform will soon enable other teams to create their own liquid staking tokens, driving LST adoption and promoting liquidity across the Sui ecosystem.

Suilend has achieved significant milestones since its inception by following a strategic development plan. The protocol launched on Sui's mainnet in March 2024, quickly establishing itself as the chain's largest lending protocol.

Key achievements include securing $6 million in funding across two rounds, reaching nearly $470 million in TVL and generating monthly revenues of $820,000. The platform has also successfully integrated multiple assets and launched innovative features such as the SpringSui LST standard.

, a capital-efficient AMM that lends idle assets for additional yield, in Q1 2025. The protocol also aims to expand its ecosystem through enhanced governance mechanisms, additional asset support and deeper integration with other Sui protocols.

SEND, Suilend's native token, has a total supply of 100 million tokens distributed with a community-first approach. The allocation 

 65% for the community, 20% for investors and 15% for the team.

A significant portion (40%) of SEND will be distributed through the Mdrop mechanism, with 20% going to points holders and early users, 5% to ecosystem communities and 15% to SAVE holders on Solana. When users redeem their SEND allocation, they receive mSEND tokens, which they can use to claim SEND.

Mdrop maturities vary by allocation type: three months for Points and Ecosystem holders, six months for Team and Investors, and 12 months for SAVE holders. After these periods, users can claim their full SEND allocation without penalty. To ensure sustainable token distribution, investor tokens unlock over two years and team tokens over four years.

Given Suilend’s recent market entry, prominent crypto analysts haven’t yet published detailed price forecasts for the SEND token. Several key factors will likely influence its value: Suilend's continued platform growth, broader Sui ecosystem participation and overall cryptocurrency market conditions.

 token is currently trading at $1.20, with a fully diluted valuation of $138 million and $456 million in TVL (as of Dec 12, 2024). Since Suilend has already achieved a larger TVL of $470 million, its protocol could potentially support a similar or higher market capitalization.

Looking to trade Suilend tokens? Bybit now offers the SEND/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While Suilend has demonstrated impressive growth and strong fundamentals in the DeFi lending space, investors should carefully consider both its strengths and risk factors before making investment decisions.

With its institutional backing, proven team experience and innovative approach to DeFi lending, Suilend (SEND) shows significant potential. However, potential investors should 

 and consider their own risk tolerance before investing.

Suilend tackles key challenges in DeFi — namely, high costs and complexity — by leveraging Sui's technology to create a more accessible platform. With innovations like the SpringSui LST and dynamic interest rates, Suilend could mark a turning point for DeFi adoption by making lending and borrowing accessible to users previously deterred by technical barriers.

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Suilend (SEND): Lending and Borrowing Made Easy on Sui

Bybit Learn

DeFi

Explainers

Altcoins

Thruster (THRUST) is a cutting-edge DEX on the Blast Layer 2 blockchain, offering both standard and concentrated liquidity AMM pools. 

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 chains has plenty of solutions offering minuscule fees, excellent scalability and nearly instant transactions. Seemingly countless sidechains, rollups and other types of Layer 2 networks servicing the Ethereum blockchain have been launched in recent years. However, many, if not most, of these chains struggle to offer anything beyond low fees and fast transaction processing capacity. While these benefits are nothing short of remarkable — especially considering Ethereum's never-ending network congestion issues — the innovation in this area needs to move beyond another platform offering the same cost and speed advantages.

 (BLAST) Layer 2 blockchain in early 2024 was a refreshing change — finally, an Ethereum Layer 2 solution that provides something more than just cost and speed efficiencies. Blast is known as a unique Layer 2 chain that offers native yields for ETH and 

, a feature that has attracted significant capital and 

 (DeFi) actors to the platform. Leveraging Blast's unique capabilities and popularity in DeFi, the Thruster Finance 

 (DEX) was launched on Blast’s blockchain in March 2024.

Thruster offers both the tried-and-tested 

 (AMM) model and a more advanced AMM model derived from the 

 (UNI) v3–inspired concentrated liquidity provision. Despite offering sophisticated options for token swaps and liquidity provision, Thruster aims to be as beginner-friendly as possible for traders, 

 (LPs) and developers. It has also tightly integrated Blast's own loyalty programs — Blast Gold and Blast Points.

 (THRUST) is a DEX on the Blast Layer 2 chain that provides standard AMM and concentrated liquidity AMM services to power its token swap and liquidity provision operations

.Thruster was launched in March 2024, soon after the introduction of Blast's mainnet, and builds upon the Layer 2 blockchain's popularity in the DeFi community, its capital efficiency and its cost and speed advantages.

Debuting in February 2024, Blast became a major Layer 2 market disruptor by introducing native yield benefits for holders of Ether and stablecoins. Simply by bridging your ETH or stablecoin funds to Blast, you can earn competitive yields from these assets as an added benefit to the cost and speed efficiencies that Blast boasts as an 

 solution. The native yield functionality quickly attracted DeFi users to the platform, a development that Thruster Finance has successfully capitalized on since the early days of its operation.

Thruster Finance consists of three key parts: the token swap section, the Uniswap v2–inspired constant factor AMM and the concentrated liquidity AMM, which adopts the basic characteristics of Uniswap v3.

Thruster quickly became the largest DEX on Blast by offering user-friendly and highly flexible token swap and liquidity provision options for its AMM and concentrated liquidity AMM components. At the height of its dominance on the chain, in June 2024, Thruster boasted a 

 (TVL) of close to $600 million. Although the protocol is currently off these highs, it still ranks as the largest DEX on the Blast blockchain, with a current TVL of 

The Thruster Finance project’s seed-stage startup is based in California. It was founded in 2023 by a pseudonymous team that has reportedly contributed to several top-50 protocols. In April 2024, Thruster attracted media attention when it 

 from several well-known institutional and individual crypto investors, including Pantera Capital and OKX Ventures.

Thruster supports token swaps for ETH, Blast's native cryptocurrency; BLAST, the blockchain's own stablecoin; USDB; and a range of tokens within the Blast ecosystem. Like other AMM-based exchanges, users trade against liquidity pools funded by LPs earning fees from transactions in each respective pool.

The platform features an analytics section that provides up-to-date, transparent information on the current swap rates, fees involved, 

There's also a portfolio section that helps traders track their investments and operations across pools and provides information on users' balances, earnings, staking and liquidity pool commitments.

For LPs, the platform offers two varieties of swap pools: the standard constant factor AMM and the concentrated liquidity AMM. We'll discuss these two kinds of pools in the section below.

Thruster also offers income opportunities via staking. Users who stake the platform's native crypto, THRUST, are issued veTHRUST tokens, which entitle them to earn revenues from the protocol's operations and other protocol benefits.

Although Thruster Finance offers fairly sophisticated products, it aims to appeal to all kinds of DeFi users, from rank beginners to seasoned pros. To meet this goal, the platform offers two user interface modes: lite and pro.

The lite mode is suitable for newbies and less experienced users. It features user-friendly token charts, critical token and pool information and social integrations. Meanwhile, pro mode is designed for experienced DeFi users and provides additional tools for order management, leverage use and asset discovery.

One variety of swap pools on Thruster is based on the constant factor AMM model. This is a standard AMM system, first introduced by Uniswap v1 and improved upon in Uniswap v2. In a constant factor AMM, a swap pool is based on a simple formula, 

 represent the quantities of two tokens in the pool and 

 is a constant that remains the same regardless of

. LPs provide liquidity at any price point for the swap pair, irrespective of how the swap rate moves.

The constant factor AMM model provides numerous advantages, including simplicity and relatively high predictability of yields for LPs.

Thruster, however, has made some modifications to the original constant factor AMM developed by Uniswap. First of all, the platform has implemented different fee tiers for swap pools. With Uniswap v2, all swaps are charged one fixed fee — 0.3% per transaction. However, using the same rate, without taking into account liquidity and activity levels for a particular pool, isn't the most flexible solution. This structure limits the flexibility of incentives for LPs — the primary recipients of revenues from swap fees. This is why Thruster has implemented a tiered fee system, as the differential fee model is designed to encourage more active and targeted liquidity provision and token trade.

Another unique feature of Thruster's constant factor AMM is the direct integration of Blast's reward systems, Blast Points and Blast Gold. In addition to transaction fee revenues, LPs may qualify for points under these loyalty programs.

Thruster also offers a more advanced variety of crypto trading and liquidity provision based on the concentrated liquidity AMM model. This is the AMM variation first introduced in Uniswap v3. 

In a concentrated liquidity AMM, LPs can provide liquidity within specific price ranges within a pool. The advantages of concentrated liquidity over the standard constant factor model are numerous, such as greater capital efficiency, potentially higher yields and reduced 

 rates. This type of AMM provides greater flexibility to LPs in terms of their capital allocation.

LPs contributing funds to Thruster's concentrated liquidity AMM pools are also rewarded with Blast Points and Blast Gold in addition to revenues from swap fees.

 is a blockchain explorer tool for the Blast ecosystem. In terms of functionality and design, it’s quite similar to Ethereum's 

. Blastscan lets you view detailed statistics on tokens and 

 addresses hosted on Blast’s Layer 2 platform. While Blastscan covers the entire blockchain's ecosystem and isn't specifically a part of Thruster Finance, it can be used by LPs to withdraw liquidity from Thruster's swap pools.

LPs can add liquidity only via the Thruster user interface, but they can use either the interface or Blastscan when removing previously added liquidity. The latter method isn't as user-friendly as the former option, but it might suit more technically minded users accustomed to the active use of Blastscan.

One distinct feature of Thruster is the abundance of additional incentives for users on top of the standard income from transaction fees. Rewards offered on Thruster include Blast Gold, Blast Points and Thruster Credits. Notably, these rewards aren't restricted to LPs, as other platform participants, such as token traders and referrers, can also expect to receive some of these reward types.

Blast Points are rewards that qualify you for BLAST token airdrops. The Blast project distributes these points to eligible individual wallets and smart contract addresses that hold balances of either of three assets — ETH, 

 stablecoin. Thruster Finance has integrated the distribution of these points to specific liquidity pools. The points are allocated to eligible LPs contributing to these pools.

Blast Gold represents rewards paid out by the Blast Layer 2 project to 

 (DApps) that actively contribute to the development of the blockchain's ecosystem. Essentially, Blast Gold is a bonus reward (on top of Blast Points) that Blast distributes to select DApps on its network. Thruster Finance is one of the recipients of Blast Gold. A recipient DApp project can internalize its Blast Gold rewards, or share them with their own user community.

Thruster has decided to share its Blast Gold rewards with its two main user community groups: LPs and token swappers. For the latter group, swaps involving ETH or USDB are eligible for Blast Gold rewards.

On top of the rewards provided by Blast, Thruster has designed its own loyalty program, Thruster Credits. These credits are awarded to LPs, token swappers, active participants in social media campaigns run by Thruster and those referring new users to the platform. Thruster Credits qualify you for the ongoing THRUST token airdrop, designed to distribute 7% of the token's supply to various groups of eligible users.

THRUST is Thruster Finance’s native cryptocurrency. Launched on Oct 9, 2024, it's an 

 asset issued on the Blast chain. When you stake THRUST on Thruster Finance, you’re issued Vote Escrowed Thrust (veTHRUST), an asset that qualifies you for a range of benefits, including a share of revenues from protocol fees, additional bonuses for liquidity provision, rewards from participation in on-chain voting and the 

Thruster (THRUST): An Advanced AMM for the Blast Ecosystem

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards