Fluent Ethereum Layer 2 Mainnet Launches with BLEND Token and $50M Day-One Liquidity

Gate News message, April 25 — Fluent, an Ethereum-based Layer 2 network, activated its mainnet and launched its native BLEND token on Friday, April 25, bringing online a "blended execution" environment that enables applications written for different virtual machines to operate within the same chain state. The network launched with $50 million in committed day-one liquidity, including USDnr, Fluent's native stablecoin built on M0 infrastructure through partner Nerona, which accrues T-bill yields to the protocol.

Fluent's architecture uses rWasm, a low-level intermediate representation, to simulate EVM, SVM, and Wasm behaviors, enabling true interoperability at the execution level rather than keeping virtual machines separate. Seven applications went live at launch: Vena (a lending protocol adjusting borrowing rates based on user reputation), Yumi (a buy-now-pay-later service using reputation for credit risk modeling), Pulse Predictor (an onchain polling protocol), Pump Pals (a fantasy sports game), Blend (a yield-integration tool), and Sprout (a DeFi strategy manager). The network integrates Prints, a reputation layer launched in January that aggregates behavioral signals including Ethos scores and Kaito smart follower data into programmable profiles.

BLEND serves as a utility token for network operations, transaction fees, staking, and community signaling. The public token sale, held April 7–13 on a major CEX's token launch platform, offered 10 million tokens (1% of initial supply) at $0.10 per token, implying a fully diluted valuation of $100 million. The initial supply is set at 1 billion tokens. A community airdrop accounting for 0.71% of the initial supply is scheduled for distribution at the token generation event with a 30-day claim window. A major exchange announced its intention to list BLEND, allowing users to generate deposit addresses in supported regions.

Fluent Labs has raised $11.2 million to date: an $8 million seed round led by Polychain Capital in February 2025 (with participation from Primitive, dao5, Symbolic Capital, Builder Capital, Nomad Capital, and Public Works), a $2.2 million testnet round in July 2025 (through Echo, Native Crypto, Q42, Wagmi VC, and TPC Ventures), and the $1 million public token sale in April 2026.