Blast

<p class="is-style-lead">The layer-2 project Blast has announced the launch of its mainnet.</p> 
<p>Blast has announced in an X post on March 1 that it will airdrop tokens after the launch of its mainnet. According to the post, half will be distributed among users, and the second will support decentralized applications (<a href="https://crypto.news/tag/dapps/" target="_blank" rel="noreferrer noopener">dapps</a>) such as Blast Gold. The whole airdrop allocation sum is unknown.</p> 
<p>Launched on Nov. 22, 2023, Blast is an EVM-compatible scaling protocol that leverages&nbsp;Optimistic Rollups. The platform offers passive income of 4-5% per annum. In November 2023, Blast, from the head of the largest non-funglible token (<a href="https://crypto.news/tag/NFT/" target="_blank" rel="noreferrer noopener">NFT</a>) marketplace, <a href="https://crypto.news/tag/Blur/" target="_blank" rel="noreferrer noopener">Blur</a>, Tieshun Rokerra (Pacman), attracted more than $130 million in user funds just 24 hours after launch. </p> 
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   <p lang="en" dir="ltr">The Blast Mainnet is NOW LIVE<br><br>Early Access users can bridge to Mainnet and use Blast-native Dapps that don’t exist anywhere else👇 <a href="https://t.co/mt5dJOADMp" target="_blank">pic.twitter.com/mt5dJOADMp</a></p>— Blast (@Blast_L2) <a href="https://twitter.com/Blast_L2/status/1763316176263008551?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 29, 2024</a>
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<p>The launch of the mainnet unlocked $2.3 billion in assets stored in protocol to earn staking and airdrop rewards.</p> 
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 <p>“During our Early Access phase, 181,888 community members bridged $2.3b to Blast. These community members are earning $85 million per year in native yield + Blast Points.”</p> <cite>Blast team</cite>
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<p>At the same time, more than 3,000 teams began working on Blast ahead of the mainnet launch. Developers have created dapps that can only exist on Blast using Blast’s own gas mining and distribution primitives, the Blast team said.</p> 
<p> You might also like: <a href="https://crypto.news/blast-l2-seeks-senior-blockchain-builders-after-pulling-600m-in-deposits/"> Blast L2 seeks senior blockchain builders after pulling $600m in deposits </a> </p> 
<p>Shortly before the launch, the team of the decentralized exchange <a href="https://crypto.news/tag/Sushi/" target="_blank" rel="noreferrer noopener">Sushi</a> announced a partnership with Blast. The collaboration details are unknown, but users suspect the platform will integrate the Blast solution into its functionality.</p> 
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   <p lang="en" dir="ltr">Coming soon💥 <a href="https://t.co/URr6MsKSdO" target="_blank">pic.twitter.com/URr6MsKSdO</a></p>— Sushi.com (@SushiSwap) <a href="https://twitter.com/SushiSwap/status/1763206335653642277?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 29, 2024</a>
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<p>The official launch announcement for Blast states that the project has raised $20 million from investment funds Paradigm and Standard Crypto.</p> 
<p>At the beginning of the week, the Blast network’s layer 2 project, RiskOnBlast,&nbsp;<a href="https://crypto.news/blast-network-layer-2-project-prey-500-eth-rug-pull/" target="_blank" rel="noreferrer noopener">faced</a> a significant rug pull. About 500 Ethereum (<a href="https://crypto.news/price/Ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) were lost due to the <a href="https://crypto.news/tag/hack/" target="_blank" rel="noreferrer noopener">hack</a>. The troubling events unfolded when some community members noticed the sudden erasure of RiskOnBlast’s social media presence.</p> 
<p> Read more: <a href="https://crypto.news/blast-l2-crosses-720m-in-tvl-ahead-of-promised-mainnet/"> Blast L2 crosses $720m in TVL ahead of promised mainnet </a> </p>

Blast mainnet goes live, unlocking $2.3b in crypto

crypto.news

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