Tag Archives: blast

CoinspeakerEthereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds The Blast mainnet is now live, allowing over 180,000 users to unlock about $2.3 billion worth of funds, which attracted $85m in annual yield. Ethereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds

The native BLUR token has also seen positive price movements. 2024 is only a few days away and we already have many highly anticipated blockchain projects in the works. Even though it is the holidays, crypto lovers are still engaging with these projects and many of them seem very promising. Take Blast, a layer-2 blockchain that is being launched by the creators of Blur. The blockchain will not be fully live until February 2024 but has already reported an impressive $1.1 billion in...

Blast’s growth in TVL is indicative of most institutional investors’ bullish stance for Ethereum and the DeFi market. In a breakthrough moment for Layer 2 (L2) scaling solution, Blast Network, a new record has been set, surpassing a Total Value Locked (TVL) of over $900 million. Data from DefiLlama, a leading authority in monitoring and analyzing Decentralized Finance (DeFi) trends, revealed Blast’s contact address, launched by Blur founder Pacman, has about $928.35 million TVL. This...

Blast has announced that it is hiring for senior DevOps engineer and senior protocol engineer to ensure a timely mainnet launch in February 2024. Amid the heightened demand for liquid staking on the Ethereum (ETH) network from institutional investors, Blast protocol, a layer two (L2) project backed by Paradigm venture capital and Standard Crypto, has set a new record in Total Value Locked (TVL) and community members. According to the latest market data provided through DeBank, Blast...

The Blast Mainnet is scheduled to go live on February 24, 2024, enabling withdrawals and allowing users to redeem their Blast Points for actual rewards starting from May 24 next year. Recently launched Ethereum (ETH) Layer-2 blockchain Blast has earned itself some popularity in the last few days, although a significant portion of this fame has not been for the right reasons. Blast is the first-ever Layer-2 blockchain protocol to provide its depositors with native yield and this singular...

Critics have expressed concerns about the inherent risks of Blast’s model, particularly the practice of staking on the liquid-staking protocol Lido in exchange for Blast points Despite some skepticism from the crypto community, Blast, an Ethereum Layer-2 blockchain set to be live in March, has successfully garnered over $301 million in staked Ethereum (stETH) and stablecoins since its introduction on Monday, according to reports. Blast, led by the pseudonymous @PacmanBlur, a co-founder of...

The L2 protocol anticipates its Mainnet to go live on February 24 next year, enabling withdrawals, with users able to redeem their Blast Points starting May 24. Blast, an Ethereum layer 2 protocol with yield-bearing assets, announced the completion of its $20 million funding round led by Paradigm, a research-driven technology investment company with a special focus on crypto. Announcing the milestone on Twitter now X, the protocol said Standard Crypto also contributed to the $20 million...