Blast Development, Is It Good Enough So Far?

Bittime - Blast Development demonstrated significant growth since launch, with over 1.56 million users and Total Value Locked (TVL) exceeding billions of dollars. The platform is popular for its USDB stablecoin and competitive returns for users.

Latest Development Blast There are more than 1.56 Million Users Participating

Mid-January this year, Blast officially launched the testnet and mainnet on March 1. Based on data from the official website, the number of users has reached 1.56 million people.

On the day of launch, the number of daily active users reached more than 70,000, but then decreased quickly due to incentives such as various point activities. On June 24, the number of daily active users reached 150,000, double the number from the first day.

Blast Development Experiences Quite Good Progress

Apart from the launch of the Blast test network in January this year, Blast Development is progressing quite well. Staking started on November 21 last year.

On the second day, TVL surpassed US$100 million. On November 24, it surpassed US$400 million, and on December 2, TVL surpassed 6.67. $100 million becomes the third largest Ethereum L2, second only to Arbitrum and OP. On December 26, TVL surpassed US$1 billion.

USDB Becomes Popular Stablecoin

Blast is the original stablecoin chain. Last June 21, data showed that the number of holders reached 217,000, USDB's 24-hour transaction volume reached 115 million dollars, and its total market value had exceeded 400 million dollars.

USDB and WETH Are in the Top Tier

USDB can achieve returns of 17.3–32.6% on Blast while WETH can achieve returns of 7.6–10.5% on Blast with a liquidity pool of over 40 million dollars.

Conclusion

Since its launch earlier this year, Blast Development has experienced significant growth. The platform has proven to be very popular with over 1.56 million users. Achievements such as total value locked (TVL) exceeding billions of dollars and the popularity of USDB as a major stable currency indicate good adoption in the market. Blast offers competitive user return rates, as demonstrated by the USDB and WETH return rates on their platform, despite a decline in daily active users since initial launch.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

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