The Block Crypto News11 minutes ago

Published on June 03, 2024 21:04 GMT+00:00edited on June 03, 2024 21:09 GMT+00:00

One of the last major layer 2s made the conversion from calldata to blobs last week.

Blast is a relatively new optimistic rollup but it gained a lot of traction initially for supporting native yield. While the mainnet launched in February, early access started back in November 2023, which allowed users to deposit but not withdraw. However, bridging over earned Blast Points naturally allowed the platform to amass over $1 billion in total value locked before launching. There were also some critiques of the invite rewards structure, which received a lot of “Ponzi scheme” allegations. 

Yet Blast is open to the public now. While there's been no airdrop yet, it's still a layer 2 that captures the public’s attention by being backed by Paradigm, created by the founder of NFT …