As the cryptocurrency market continues to fluctuate back and forth, exchanges continue to refresh their listings. Especially recently, Coinbase has come to the fore with its list news. The stock exchange announced that it will add another token that made a big splash with airdrop to its list.
Coinbase to list BLAST
Leading cryptocurrency exchange Coinbase announced that it will list BLAST. The stock exchange stated that transactions will begin later today if liquidity conditions are met. Additionally, Coinbase noted that it will use the experimental label for BLAST. The exchange said it will gradually launch trading in the BLAST-USD trading pair once sufficient supply of this asset is ensured. In this context, the stock exchange made the following statement:
Coinbase will add support for Blast (BLAST) on the Blast network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and CoinbaseExch in regions where trading is supported.
Blast Token reached a value of $ 3 billion after airdrop
Cryptocoin.comAs you follow from , Blast, a Layer-2 Blockchain, distributed 17% of its native token supply to those who earned points by staking Ethereum (ETH) earlier this year. According to Ambient Finance, the token initially debuted at around $0.03 with a fully diluted market cap of $3 billion.
The project came under scrutiny last year after it launched a one-way token bridge that allowed users to deposit but not withdraw funds until its blockchain was live. Blast attracted a total of $2.3 billion in deposits between November and March. According to CoinGecko, there is currently $1.62 billion in total value locked (TVL) on the blockchain. Therefore, this makes it the second largest layer-2 network after Arbitrum.
Bitget launches first listing for BLAST on spot market
Cryptocurrency exchange Bitget announced the listing of BLAST tokens from Blast.io on its spot market. The listing of BLAST tokens under Bitget’s innovation zone aims to provide users with early access to high-potential projects. Trading of BLAST tokens began on June 26 at 18:00 ET. This approach reflects Bitget’s strategy to support upcoming DeFi ecosystems by listing trending projects during token generation events (TGE).
An upcoming look at Blast, a Layer-2 Blockchain
Blast.io is an Ethereum Layer 2 ecosystem offering local yield for ETH and stablecoins. Unlike other Layer-2 solutions, Blast.io provides 4% returns for ETH and 5% for stablecoins. These returns are obtained from ETH staking and Real World Asset (RWA) protocols. Returns are automatically passed back to Blast.io users, improving their overall experience. Blast.io adopts an EVM-compatible optimistic aggregation technology that provides higher underlying returns for users and developers without interfering with the expected functionality. This high return potential enables the creation of new business models for decentralized applications (DApps) that were previously impractical.
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