Blast network surges following big airdrop | Headlines | News | CoinMarketCap

07/04/2024 23:49
Blast network surges following big airdrop | Headlines | News | CoinMarketCap

Interesting data can arise when users are incentivized to use a platform in speculation of an airdrop or the aftermath of a token launch. Last week, …

Interesting data can arise when users are incentivized to use a platform in speculation of an airdrop or the aftermath of a token launch.

Last week, the airdrop was from the new optimistic rollup Blast, which launched its mainnet in February after a somewhat controversial early access period starting in November 2023.

Since its mainnet debut, Blast’s metrics have been mostly on an upward trend. Blast is also already the seventh-largest network by total value locked, with almost $1.5 billion in assets. Blast launched with a lot of hype along with big-name backers and developers, and perhaps most important was its native yield offering on stablecoins and ether. The yield made Blast unique and likely contributed partly to its rapid success.

But part of what may have helped was the idea …

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