Fluent, an Ethereum-based Layer 2 network, launched its native BLEND token on April 24, coordinating the debut with the activation of its mainnet and listings on four separate cryptocurrency exchanges. The simultaneous listings on KuCoin, MEXC, HTX, and Bybit signal a strategy focused on deep initial liquidity for the new asset.
"Blended execution is about making them interoperable at the execution level, so developers do not have to compromise when designing their applications," Dmitry Savonin, co-founder of Fluent Labs, said in a statement. "We have spent over three years building this from scratch. Seeing it run in production today is deeply satisfying."
The project has raised $11.2 million to date, including an $8 million seed round led by Polychain Capital. The launch follows a public sale of 10 million BLEND tokens, or 1 percent of the total 1 billion supply, at a price of $0.10 per token. According to the project, the network launched with $50 million in committed day-one liquidity to support its native stablecoin, USDnr.
Fluent’s core technology is a "blended execution" environment that allows applications written for the Ethereum Virtual Machine (EVM), Solana Virtual Machine (SVM), and WebAssembly (WASM) to operate together. This multi-runtime architecture is designed to eliminate the friction of cross-chain communication for developers building on the network. The BLEND token will be used for staking to secure the network and for governance votes on protocol upgrades. While ETH is used for gas fees, BLEND is tied to ecosystem adoption and staking demand. The initial token distribution from the public sale is fully unlocked, creating potential for early price volatility as initial buyers may look to exit their positions.
This article is for informational purposes only and does not constitute investment advice.
