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Blast developers have launched the main network

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 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.

“Blast has raised over $2 billion in TVL before launching its mainnet, which puts it right behind giants like Arbitrum One and OP Mainnet. It’s safe to say that we should expect a certain level of mania and speculation with the official launch, not to mention a possible airdrop,” blockchain research analyst Arnold Toh told The Block.

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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