Throughout press time, the entire worth locked (TVL) of the layer-2 challenge, Blast, stands at $1.14 billion. Nevertheless, the variety of new depositors is declining progressively.
The airdrop of Blast is among the most anticipated airdrops for 2024. Many customers are depositing funds to Blast to change into eligible for the airdrop.
Pacman Celebrates Blast TVL Milestone
Pacman, the co-founder of Blast and non-fungible token (NFT) market Blur, wrote on X (Twitter):
“Extremely excited to shut out the 12 months with this milestone.
Web3’s energy is that wins for protocols are wins for all the group.
Nevertheless, I feel way more may be executed to ensure that worth creation goes to the end-users who’re the lifeblood of the on-chain economic system.
Excited for subsequent 12 months!”
The screenshot under reveals that the Blast TVL is roughly $1.14 billion. Blast allotted $1 billion for staking on Lido. Whereas roughly $1 million is deposited with Maker to earn a yield on stablecoins. Lastly, over $3 million sits idle on the Blast pockets.
Learn extra: 11 Greatest DeFi Platforms To Earn With Lido’s Staked ETH (stETH)
To not point out, the customers’ funds keep locked on the Blast protocol till its mainnet launch in February 2024. Since its launch in November 2024, the challenge has obtained heavy criticism for its technique of not permitting withdrawal till the mainnet goes reside.
Dan Robinson, a researcher at one of many Blast’s traders – Paradigm, additionally criticized the challenge’s advertising and marketing and communications method.
Nonetheless, over 82,000 wallets deposited their funds with Blast. Nevertheless, the screenshot under reveals that the brand new depositors’ graph has drastically declined. On December 20, the challenge had simply 118 new depositors.
Learn extra: A Newbie’s Information to Layer-2 Scaling Options
Do you might have something to say in regards to the Blast TVL or the rest? Write to us or be a part of the dialogue on our Telegram channel. It’s also possible to catch us on TikTok, Facebook, or X (Twitter).
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