Blast's Early Access Generates $60 Million TVL: Exciting Launch or Potential Rug Pull?


21 Nov 2023 4:15 PM

Pacman, the founder of the NFT marketplace Blur, announced a new Ethereum Layer 2 project. Is an airdrop incoming?...

  • Users are excited about the new Layer 2 protocol called Blast on the Ethereum network.
  • Blast is an invitation-only platform that claims to be the only Ethereum Layer 2 with native yield for ETH and stablecoins.
  • The project has received significant community interest and has raised $20 million from notable investors.
  • Over 19,000 addresses have deposited funds to Blast, with nearly $60 million in total value locked (TVL).
  • Airdrop hunting and the association with Pacman's project, Blur, have contributed to the hype.
  • However, users who deposit assets on Blast cannot withdraw them until February 2024, raising concerns about locking funds and potential risks.

The sentiment towards the new Ethereum Layer 2 protocol, Blast, is generally positive, with users expressing excitement and interest in the project. However, there are concerns about the withdrawal restrictions and potential risks associated with locking funds on the platform.

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You May Ask

What is Blast and what makes it unique among Ethereum Layer 2 protocols?How much funding has Blast raised and who are some of its notable investors?How many addresses have deposited funds to Blast, and what is the total value locked (TVL)?What are the concerns and risks associated with depositing assets on Blast, and when will users be able to withdraw their funds?What is the role of airdrops in generating community interest in Blast, and how does it compare to other Layer 2 projects?Note: The questions can be modified or expanded based on specific areas of interest.

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