Whole worth locked (TVL) on Blast fell from $2.3 billion to $650 million after withdrawals opened on Friday.
50% of the upcoming airdrops can be issued to Blast depositors, whereas the remaining 50% can be allotted to builders.
A number of protocols, together with Zora and Pyth, have introduced Blast integrations.
Traders who staked ether (ETH) on the newly launched Layer-2 community Blast withdrew $1.6 billion in property within the first 24 hours after the mainnet went stay, DefiLlama information reveals.
Blast, which promised on its web site to be the “solely Ethereum L2 with native yield,” introduced a deposit-only bridge in November that shortly attracted greater than $2 billion in deposits. Savers acquired Blast Factors for holding their ETH on Blast. The factors can finally be redeemed for a symbolic airdrop.
Builders who create decentralized apps (dApps) on Blast may also obtain 50% of the upcoming airdrop allocation.
Backed by Paradigm, Blast initially polarized crypto buyers, with a number of observers claiming it was paying homage to a pyramid scheme resulting from its controversial one-way bridge.
However regardless of the skepticism, Blast shortly turned one of the crucial lively layer 2 networks by way of deposits, even earlier than the mainnet had gone stay. It attracted $2.3 billion in deposits from 181,000 customers, producing an annual return of $85 million.
The Blast ecosystem skilled its first exit rip-off earlier this week, with a protocol referred to as “RiskOnBlast” disappearing together with $1.3 million value of ether.
A number of initiatives have added Blast integrations, with NFT platform Zora and value oracle supplier Pyth saying their help on Thursday.