Blast

BLAST

Foundation

Yield

Billion

Blast, a prominent layer 2 blockchain network, has made a striking entry into the cryptocurrency market by distributing 17% of its total token supply to early supporters who participated in its staking initiative.&nbsp; 
The airdropped tokens, given to users who farmed points by staking Ether earlier this year, have helped propel the token to a debut price of approximately $0.03, <a href="https://ambient.finance/trade/pool/chain=0x13e31&amp;tokenA=0x0000000000000000000000000000000000000000&amp;tokenB=0xb1a5700fA2358173Fe465e6eA4Ff52E36e88E2ad" target="_blank" rel="noreferrer noopener nofollow">achieving</a> a fully diluted market cap of $3 billion as reported by Ambient Finance. 
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 <a href="https://twitter.com/search?q=%24BLAST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$BLAST</a> is now LIVE You have 30 days to claim your Phase 1 airdrop👇 Phase 2 now begins: Enter the Fullstack Chain. Our mission is to UNBANK THE BANKED. Join us and earn Native Yield + BLAST in Phase 2! <a href="https://t.co/tU1Tsqpkbp" rel="nofollow" target="_blank">pic.twitter.com/tU1Tsqpkbp</a>— Blast (@Blast_L2) <a href="https://twitter.com/Blast_L2/status/1805964805414830506?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 26, 2024</a>
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Significant Growth and Adoption 
This strategic move highlights Blast’s commitment to fostering a robust community and rewarding early adopters. Following a year of intense scrutiny due to its one-way token bridge, which initially allowed deposits but no withdrawals, Blast has successfully attracted $2.3 billion in deposits. The network now boasts a total value locked (TVL) of $1.62 billion, making it the second largest layer 2 network, trailing only behind Arbitrum. 
Looking Forward 
As Blast continues to grow, the focus remains on enhancing the scalability and efficiency of its blockchain solutions. The network’s substantial TVL underscores the trust and interest of the crypto community, positioning Blast as a key player in the ongoing evolution of blockchain infrastructure.&nbsp; 
This launch signifies a major milestone for Blast and sets the stage for future growth in the competitive layer 2 landscape. 
This strategic launch and the significant market cap achievement mark Blast’s strengthened position in the blockchain sector, promising more innovative developments and potential expansions in the near future. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/25/blast-sets-foundation-to-govern-protocol-airdrop-scheduled/" target="_blank" rel="noreferrer noopener">Blast Sets Foundation to Govern Protocol, Airdrop Scheduled</a> 
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Blast is Live, Hits $3 Billion Cap, Airdrops 17% Supply to Stakers

The Crypto Times

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