Key Highlights
• Ethereum Layer 2 network Blast has launched its mainnet, enabling users to withdraw funds.
• Over 180,000 early users have locked a total value exceeding $2.3 billion (TVL) into the protocol.
Mainnet Launch Overview
Blast, an Ethereum Layer 2 solution, activated its mainnet on Thursday. The platform currently holds:
- ~469,000 ETH
- 77.3 million USDC
- 67.1 million USDT
- 148,000 stETH
- 24.7 million DAI
(Source: Dune Analytics dashboard)
With the mainnet live, users can now withdraw their assets.
👉 Discover how Blast’s yield model outperforms competitors
Blast’s Native Yield Model
Founded by Tieshun Roquerre (creator of NFT marketplace Blur), Blast offers:
- 4% yield for ETH
- 5% yield for stablecoins
These yields are sourced sustainably from Lido (liquid staking) and MakerDAO (DeFi protocols), countering claims of a "Ponzi scheme" structure.
Growth Metrics
- 180K+ early adopters
- $2.3B+ TVL before mainnet launch
- 2000万美元 raised in November 2023 (led by Paradigm and Standard Crypto)
Early Access Features (Since November 2023)
- Blast Points: Rewards for bridging assets and referrals.
- Auto-compounding balances with integrated Blast rewards.
Arnold Toh, The Block’s blockchain analyst, noted:
"Blast’s pre-launch TVL surpassed $2B, rivaling giants like Arbitrum and OP Mainnet. Expect significant hype—and potential airdrops—post-launch."
FAQs
1. How does Blast generate yield?
Blast’s yields come from Lido’s stETH rewards and MakerDAO’s DAI savings rate, ensuring sustainability.
2. When can users exchange Blast Points?
The Points redemption feature is tentatively scheduled for May 24.
3. Is Blast’s model similar to a Ponzi scheme?
No. Founder Pacman clarified that yields are backed by verified protocols (Lido/MakerDAO), not unsustainable mechanisms.
👉 Explore Blast’s ecosystem partnerships
Conclusion
Blast’s mainnet debut positions it as a major Ethereum Layer 2 contender, combining native yields, scalability, and strong VC backing. Watch for upcoming developments like Points redemptions and potential airdrops.
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