Thruster Finance, a decentralized exchange protocol built on the Ethereum Layer 2 network Blast, has raised $7.5 million in a seed funding round.

Pantera Capital led the round, with OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures and Arche Fund (formerly Coin98 Ventures) participating, Thruster said Thursday.

Angel investors, including Santiago Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha and Axelar founder Georgios Vlachos, also joined the round.

Thruster began raising funds for the seed round in late January, just a week before Blast's mainnet launch on Feb. 29, and quickly closed the round last month, 0xFri, a pseudonymous contributor to Thruster told The Block.

The round was structured as a simple …