Blast Token Launches at $3 Billion, 17% on Airdrop

Bittime - Blast, a layer 2 blockchain, has distributed 17% of their total native token supply to users who have accumulated points by staking ether (ETH) earlier this year.

Blast Token Price

According to Ambient Finance, this token was launched at a price of around $0.03 (around Rp. 486). The token's initial fully diluted market capitalization is $3 billion (around IDR 49.2 trillion).

The project came under intense scrutiny last year after it opened a one-way token bridge that allowed users to deposit but not withdraw funds until the blockchain went live. Blast attracted a total of $2.3 billion (around IDR 38 trillion) in deposits between November and March.

Currently, the blockchain has a total value locked of $1.62 billion (around IDR 26.8 trillion), making it the second largest layer 2 network after Arbitrum, according to CoinGecko.

The launch of Blast Token is history

The launch of the Blast token marks an important milestone for the project, which has worked hard to build scalability and user-friendly infrastructure. Initial token distribution to early adopters is a way to reward their participation and help build a strong community around the platform.

With a total value locked of $1.62 billion, Blast has established itself as a major player in the layer 2 blockchain space. The network has the potential to attract more users and developers, and could play an important role in Ethereum's future.

However, it is important to note that the crypto market is still volatile and token prices can fluctuate significantly. Investors should do their own research beforehand decide to invest in Blast tokens.

About Blast

Blast is an Ethereum layer 2 platform compatible with EVM (Ethereum Virtual Machine). The platform also offers native yields for ether and stablecoins.

Blast operates as an optimistic rollup solution to address scalability issues in Ethereum by increasing network capacity for more transactions at lower fees.

Blast's testnet launched in January 2024, and its mainnet launched in February. The platform, founded by Tieshun Pacman Roquerre (creator of NFT marketplace Blur), has surpassed $1 billion in total value locked (TVL) at the time of writing this article.

Difference Blast from another Ethereum layer 2 solution is Blast offering native yields for ETH and stablecoins. This is a special attraction for users who want to get additional profits from the crypto assets they store in Blast.

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.

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.