Fluent Launches Ethereum Layer 2 Mainnet with BLEND Token

Fluent, an Ethereum-based Layer 2 network, activated its mainnet and native BLEND token on Friday, bringing online a “blended execution” environment designed to allow applications written for different virtual machines to operate inside the same chain state. The network launched with $50 million in committed day-one liquidity, according to a statement shared with The Block.

Blended Execution and Network Architecture

According to Fluent’s website, blended execution merges disparate virtual machines into a cohesive system, facilitating shared state management. Unlike “multiVM” approaches that keep environments separate, Fluent’s architecture uses rWasm, a low-level intermediate representation, to simulate EVM, SVM, and Wasm behaviors, which are then compiled for execution.

“Blended execution is about making them interoperable at the execution level, so developers do not have to compromise when designing their applications. We have spent over three years building this from scratch. Seeing it run in production today is deeply satisfying,” Fluent Labs co-founder Dmitry Savonin said in the statement.

Native Stablecoin and Reputation Layer

USDnr is Fluent’s native stablecoin built on M0 infrastructure through partner Nerona, with T-bill yield from the underlying reserves accruing to the protocol. 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. Developers can utilize these profiles through Fluent Connect to identify and distribute services to reputation-verified users, the Fluent team said.

Fluent is positioned around a thesis that digital asset markets have over-indexed on attention as a proxy for trust, according to the project statement.

Day-One Applications

Seven applications are live at launch. These include Vena, a lending protocol that adjusts borrowing rates based on user reputation; Yumi, a buy-now-pay-later service using reputation for credit risk modeling; and Pulse Predictor, an onchain polling protocol. Other day-one entries include fantasy sports game Pump Pals, yield-integration tool Blend, and DeFi strategy manager Sprout.

BLEND Token Utility and Distribution

Fluent describes BLEND as a utility token for network operations, including transaction fees, staking, and community signaling. According to the project’s token disclosure, BLEND is used for “user staking,” allowing holders to access ecosystem benefits and improve their reputation tiers on Prints. Following the mainnet phase, “protocol staking” will enable holders to delegate tokens to validator nodes to secure the network via FluentBFT, the protocol’s decentralized consensus mechanism.

The initial supply of BLEND is set at 1 billion tokens. Token distribution includes allocations for ecosystem growth, investors, the founding team, and community incentives. A community airdrop accounts for 0.71% of the initial supply and is scheduled to be distributed at the token generation event, with a 30-day claim window.

Public Token Sale and Exchange Listing

The project issued BLEND through a public token sale held between April 7 and April 13 on Coinbase’s Sonar platform. The sale offered 10 million tokens, representing 1% of the initial supply, at $0.10 per token, implying a fully diluted network valuation of $100 million.

Coinbase recently announced its intention to list BLEND, allowing users to generate deposit addresses for the token in regions where trading is supported, though deposits will not be available until the asset issuer unlocks transfers.

Funding History

Fluent Labs says it has raised $11.2 million to date to develop the network. An $8 million seed round led by Polychain Capital closed in February 2025 with participation from Primitive, dao5, Symbolic Capital, Builder Capital, Nomad Capital, and Public Works. The company later raised $2.2 million in a testnet round in July 2025 through Echo, Native Crypto, Q42, Wagmi VC, and TPC Ventures, followed by the $1 million public token sale completed in April 2026.