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    Anu T S in Crypto News

    27 Feb 11:15 AM


    Blast TVL crosses $2B as it targets mainnet launch on Feb. 29

    More than $2.1 billion has been locked on the Blast protocol as users eagerly await an airdrop slated for May.

    Ethereum layer-2 network Blast has crossed $2.1 billion in total value locked (TVL) just days ahead of its newly announced mainnet launch — slated for the end of this month.

    According to data from DefiLlama, Blast’s TVL currently stands at $2.1 billion, up more than 2,200% from when its bridging protocol first went live on Nov. 22.
    The vast majority of the locked value comes from hopeful airdrop hunters, who have locked their Ethereum in the protocol to farm a future airdrop of the Blast token, which the protocol’s team says is coming sometime in May.

    In November, Dan Robinson, the head of research at crypto venture capital firm Paradigm said that Blast’s launch had “crossed lines in both messaging and execution,” as the delayed launch could set a poor precedent for future developers.

    Source - Coin Telegraph