On February 29, 2024, the developers of the Ethereum-based L2 network, Blast, announced the launch of the main network. Users will now be able to withdraw their funds.
The Blast Mainnet is NOW LIVE
Early Access users can bridge to Mainnet and use Blast-native Dapps that don't exist anywhere else👇 pic.twitter.com/mt5dJOADMp
— Blast (@Blast_L2) February 29, 2024
The report said that during the early access stage, more than 180,000 users deposited more than $2.3 billion into the protocol. However, after the release of the mainnet, the total value locked (TVL) in Blast dropped to less than $870 million.
The project team also reportedthat “50% of the Blast airdrop will go to users, another 50% will be provided to decentralized applications.”
Blast is an Ethereum-based L2 network, which features a built-in profitability mechanism with a rate of 4-5% per annum.
Source: Cryptocurrency
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