Blast's mainnet has launched, opening doors for users to accumulate points while gearing up for the BLAST airdrop.

Ethereum (ETH) Layer 2 network Blast With the debut of the mainnet, Blast is now giving early adopters the ability to bridge their assets to the mainnet, using the exclusive DApps created on the platform.

The early access period for Blast started in late 2023, enabling users to earn rewards through asset bridging and a points system called Blast Points, driving new users to the platform. Concurrently, over 3,000 development teams began working on DApps using the underlying yield and gas sharing capabilities of Blast.

During this initial access, an impressive 181,888 community members contributed $2.3 billion to Blast, collectively earning $85 million annually in native revenue and Blast Points.

Following the mainnet launch, Blast enabled withdrawals of over $2.3 billion. The platform's assets include approximately 469,000 ETH, 77.3 million USDC, 67.1 million USDT, 148,000 stETH, and 24.7 million DAI—as reported by a Dune Analytics dashboard.

Following the announcement of the BLAST native token airdrop, Blast has attracted a significant amount of attention. Users on the mainnet will continue to earn Blast Points, while DApps on the mainnet can now qualify to accumulate Blast Gold.

The airdrop will distribute 50% to users in Blast Points and the other 50% to DApps in Blast Gold coins, with distributions occurring every two weeks. Although DApps can retain their Gold coins, several have committed to sharing all earned Gold coins with their users.

The opportunity to redeem Blast Points will launch on May 24. Early users will receive extra points as a reward for utilizing the bridging services.

Stay updated on cryptocurrency distribution by following our dedicated resources. Airdrops Calendar .

Blast Gains Momentum 

Founded in 2023 by Tieshun Roquerre, the creator of the popular NFT marketplace Blur, Blast is an EVM-compatible scaling solution that employs Optimistic Rollups. This platform provides users with a yield model, offering an attractive annual passive income between 4% and 5%. Blast Initially, the protocol operated without a testnet, but the team highlighted that withdrawing assets would only be feasible once the mainnet was live. In a matter of months, Total Value Locked (TVL) surged to over $2.3 billion, driven by the engagement of 180,000 users. Eventually, Blast captured the attention of significant investors, securing funding. ETH and stablecoins Post-launch, the protocol's TVL saw a considerable dip, decreasing by $1.3 billion to settle at $906 million, as per DeFi Llama's data.

Blast's evolution, characterized by its mainnet debut and the looming airdrop, has captured the interest of various users and investors, shedding light on the protocol's potential. $20 million Please be aware that the information provided here does not constitute legal, tax, investment, financial, or any other sort of advice. It's crucial to only invest what you can afford to lose, and we recommend seeking independent financial guidance if uncertain. For more information, consult the terms and conditions alongside the help and support sections from the issuer or advertiser. MetaversePost aims for accuracy in reporting but notes that market conditions can change without notice.

Alisa, a committed journalist at Cryptocurrencylistings, specializes in areas like cryptocurrency, zero-knowledge proofs, investments, and the broad landscape of Web3. Her insights into emerging trends and technologies deliver in-depth coverage aimed at enlightening and engaging readers in the rapidly changing realm of digital finance.

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