Ethereum Layer 2 chain Blast releases official mainnet | Headlines | News | CoinMarketCap

03/01/2024 04:52
Ethereum Layer 2 chain Blast releases official mainnet | Headlines | News | CoinMarketCap

The Ethereum Layer 2 network Blast launched its mainnet Thursday.   Assets on the platform include roughly 469,000 ETH, 77.3 million USDC, …

The Ethereum Layer 2 network Blast launched its mainnet Thursday.  

Assets on the platform include roughly 469,000 ETH, 77.3 million USDC, 67.1 million USDT, 148,000 stETH and 24.7 million DAI, according to a Dune Analytics dashboard. Users can now withdraw their funds with the launch of the live mainnet.

Blast, created by Tieshun Roquerre, founder of the NFT marketplace Blur, aims to provide a native yield model for ether and stablecoins, touting 4% interest for the former and 5% for the latter. Early access to the platform amassed over 180,000 community members and over $2.3 billion in total value locked (TVL), according to the platform's website. 

Leading up to the mainnet launch, users noted an unofficial bridge to the platform emerged, bringing parallels to what …

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