Ethereum Layer-2 solutions have been having very active days lately. One of these solutions focused on increasing efficiency for users blast, recently surpassed the $1 billion “total value locked (TVL)” mark. This increase came with 85,000 cumulative users and showed that things were getting better.
Koinfinans.com As we reported, the Blast protocol aims to enable users to seamlessly bridge assets while generating impressive returns. The protocol states that it offers a return on investment of 4% for Ethereum and 5% for stablecoins. Beyond these generous returns, users also earn points, giving them the opportunity to participate in the airdrop that will take place in May. However, investors have to wait until the official launch in February to withdraw their funds.
The names behind the Layer-2 network were also involved in the Blur project, one of the famous names of the cryptocurrency world. The co-founders’ previous success in organizing large BLUR token airdrops with a total value of at least $400 million adds to the intrigue surrounding the protocol’s upcoming BLAST token distribution.
However, the recent rise cryptocurrency It was not talked about much by the community. The protocol raised a significant $20 million in funding in its last investment round. Key backers such as Paradigm, Standard Crypto and eGirl Capital lent their support, underlining the industry’s confidence in the platform’s potential.