Our Strategic Investment in Thruster, the Largest dApp on Blast
Singapore, April 18, 2024 — OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced the strategic investment in Thruster, one of the fastest-growing DeFi protocols within the Blast ecosystem. By participating in the successful US$7.5 million seed round led by Pantera Capital, OKX Ventures reaffirms its pivotal role as a key supporter of groundbreaking projects and visionary founders in the blockchain sphere.
Thruster’s remarkable ascent in the Blast ecosystem is nothing short of remarkable. Since its launch on March 1st of 2024, Thruster has rapidly garnered over US$300 million in Total Value Locked (TVL) and facilitated close to US$2 billion in trading volume. What sets Thruster apart is its integration-first approach, fostering collaborations with leading protocols to augment liquidity provision and optimize trading execution.
Jeff Ren, Partner of OKX Ventures, said “We’re glad to align with Thruster in driving DeFi innovation within the Blast ecosystem. Thruster’s unwavering focus on yield optimization and strategic integrations bodes well for the future of decentralized finance. We are fully committed to supporting Thruster’s growth and evolution.”
Stay tuned for further updates on Thruster’s pivotal role in reshaping DeFi within Blast and its transformative impact on the broader blockchain landscape.
For further information, please contact:
ENDS
About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
