A new project has taken the Cryptoverse by storm. Ethereum Layer 2 Blast’s TVL is nearing $2 billion ahead of its mainnet launch and an upcoming Blast airdrop at the end of the month. Notably, commenters argue that the protocol – created by the BLUR team – already has an entire ecosystem ready to go.
Let’s dive deeper.
Blast TVL Skyrocketing
Blast was introduced on November 21.
Within 48 hours, the team said Blast TVL reached $230 million, with 37,131 users earning yield.
Moreover, that number hit $570 million within a single week.

By Friday morning (UTC), Blast’s TVL reached a whopping $1.841 billion.
Hence, given its current trajectory, it’s reasonable to expect it could hit $2 billion in a matter of days.
Source: defillama.com/protocol/blast
From Blur to Blast
Blast was created by the team behind the top NFT marketplace BLUR. More specifically, Tieshun Roquerre (aka Pacman) created both.
Blur has quickly risen as a competitor to OpenSea. Currently, it has $36.52 billion in total volume compared to OpenSea’s $9.03 billion, per DappRadar.
Meanwhile, the team members hail from FAANG, Yale, MIT, Nanyang Technological University, and Seoul National University. They have worked on major protocols in DeFi and Web3.
Moreover, Blast is backed by, among others, Paradigm and Standard Crypto, raising $20 million from them.

Given its background, it’s unsparing that many have high expectations from the project.
Earning Yield
Blast is described as the only Ethereum L2 with native yield for ETH and stablecoins.
The yield comes from ETH staking and Real World Asset (RWA) protocols. While the default interest rate on L2s is typically 0%, it’s 4% for ETH and 5% for stablecoins on Blast, says the website.
“Your balance on Blast compounds automatically,” the team noted.

Also, users who bridge stablecoins receive USDB, Blast’s auto-rebasing stablecoin. The yield for USDB comes from MakerDAO’s on-chain T-Bill protocol. It can be redeemed for USDC when bridging back to Ethereum.
The Blast mainnet launch is scheduled for February 2024, and points redemption for May 2024.
An Entire Ecosystem
“We are seeing the ecosystem being formed right under our noses,” collector MoonCat2878 wrote.
“One of the biggest perks of being a depositor (bridger) into BLAST, is the fact that all new protocols, MEME coins and so on will want to draw that $ 1.5 billion TVL towards them.”
Meme coins are a major point here. PUMP will be one of the most recognizable meme coins from day one, said the collector, arguing that it could become a $1 billion meme coin on BLAST.
Moreover, the PUMP team plans to airdrop 10% of the supply towards bridgers. “I am sure all of the others will follow them.”

Popular digital art collector Cozomo de’ Medici recently described Blast as “one of the biggest opportunities of 2024,” “an “almost free profit opportunity,” and possibly “one of the most profitable moves I’ve made.”
“Not only I will get Blast reward points – but airdrops and things from the projects building on top of it.”
Blast, he says, is going to be its own ecosystem “that has everything.” This includes DeFi, DEXes, NFTs, memecoins, and more.
Over 3,000 teams are already building on the protocol. Blast users will be getting airdrops from many of these as well.
At the same time, says the collector, “EVERYTHING is incentivized to yield and to bring back value to bridgers.”

Blast Airdrop Incoming – Are You Eligible?
At the end of November, the team announced that the invite-only Blast Early Access is live. Participants will be rewarded with Blast Points based on how much they bridge and whom they invite.
The Developer Airdrop launched in January with the Blast Testnet.
The Blast Community Airdrop is split between Early Access Members (50%) and Developers (50%).
Those who bridge ETH to Blast start earning points immediately. These go towards the Blast airdrop, which many analysts and commenters expect to be massive.
MoonCat2878 argued the number could be around $1.5 billion, writing:
“Honestly I would be surprised if BLAST wouldn’t launch at around $15-20 billion as an entire new L2 with huge names behind it, a lot of liquidity and so many things building on top of it ready to go.”
While the airdrop amount is unknown, MoonCat2878 opined that “20% would be fair,” and 10% would be the lowest: 5% for users and developers each.
At a $15 billion valuation, the collector said, it would equate to $1.5 billion in airdrop.
Notably, Blur distributed the 5th largest airdrop in Ethereum history.
Developers Flocking to Blast
Developers seem to find Blast attractive. This indicates a future expansion of the Blast ecosystem.
The EVM-equivalent Blast said that yield enables new revenue streams and novel rewards for end-users.
“Yield as a primitive unlocks new business models for Dapps,” the website says. “Dapps can easily monetize deposits with a single config.”
Also, Blast gives 100% of revenue from gas fees back to developers.
Meanwhile, 146,579 users have deposited nearly $2 billion to Blast in anticipation of the mainnet launch. “When the Blast mainnet launches, the bridge contract will unlock and release all those users and funds to your dapps,” the website told developers.
Moreover, on January 16, the testnet went live, and with it the Big Bang Competition for developers building dapps on Blast long-term.

The deadline was February 16, and the team will announce the winners today. There were so many applicants (over 60 hours of submission videos) that the team decided to increase the number of winners per category and allocate more rewards.

“The LARGEST individual allocation of the Blast Airdrop to date will be distributed to winning teams,”  according to the team. The prizes are non-transferable.
All this said, while a project may sound attractive, understand that it comes with a set of risks and be sure to do your research.
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The crypto world is buzzing with excitement as Blast Layer 2 redefines the Ethereum ecosystem. This revolutionary platform is not just another Layer 2 solution; it's a game-changer offering native yields for both ETH and stablecoins. With $20 million backing from major players like Paradigm and StandardCrypto, Blast is set to transform liquidity efficiency in the crypto space.
Why Blast is a Must-Join Platform Blast Layer 2 stands out by offering native yields, a magnet for liquidity and a feature absent in other L2 solutions. This means your ETH and stablecoin balances aren't just sitting idle; they're actively growing. Imagine your 1 ETH growing over time to 1.04, 1.08, 1.12 ETH – that's the power of Blast's automatic compounding and rewards system.
Exclusive Opportunity: Limited Blast Invites Here's the most exciting part - we have exclusive invites for early access to the Blast platform! This is your golden ticket to be at the forefront of this groundbreaking journey. Use these codes for a chance to be among the early birds:
blast.io/RAZ5Oblast.io/YZ5M7blast.io/JO32Yblast.io/N5QQOblast.io/I49YLblast.io/2PZHVblast.io/3EIILblast.io/2IDK4blast.io/PHN33blast.io/PTQQNblast.io/JC80Zblast.io/VLSK4blast.io/SXO0Kblast.io/ZFWWLblast.io/YJ989blast.io/N27KHblast.io/H3IWD
Blast's Promise: More Than Just Yield Apart from impressive yields, Blast offers a user-friendly experience with EVM compatibility. The platform is designed for simplicity, ensuring you enjoy the benefits without the hassle.
The Blast Airdrop: A Not-to-Be-Missed Event By joining Blast, you're not only stepping into a high-yield environment but also getting the chance to farm the much-anticipated Blast Airdrop. This is an opportunity to earn additional rewards and be a part of a community that's shaping the future of finance.
Conclusion Blast Layer 2 is more than just a new layer in the blockchain ecosystem. It's a bold leap towards a more efficient, profit-generating future. Don't miss out on this chance to maximize your yield and be part of something extraordinary. Use the exclusive invite codes and join the Blast revolution today!
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To take part in the Blast Airdrop and optimize your earning of Blast Points, follow these essential steps:
Obtain a Blast Invite Code: Start by securing an invite code, which you can find on the Blast official website or their Discord channel. This code is essential for registering with Blast.Link Social Media and Wallet to Blast: With your invite code in hand, link both your Twitter account and cryptocurrency wallet to Blast. Also, becoming an active member of their Discord server will keep you informed and connected with the community.Bridge Assets to Blast Layer 2: Increase your Blast Points by transferring assets such as ETH and stablecoins to Blast’s Layer 2. Supported cryptocurrencies include ETH, USDC, USDT, and DAI. Keep in mind, these assets are only accessible for withdrawal post the launch of Blast Mainnet, slated for February 2024.Refer Friends to Join Blast: Enhance your points tally by inviting friends to Blast. Your points grow when friends you invite bridge assets using your referral link.Stay Updated via Blast’s Social Media: For the latest news and updates, follow Blast on their Twitter and Discord platforms.Bridge Assets and Earn Spins for Airdrop Points: Proceed to the Bridge section after linking your wallet and move assets from Ethereum to Blast L2. Each ETH deposit per week earns you a spin, unlocking a certain number of airdrop points. More bridges by you and your referrals mean more spins and points.Convert Points to Blast Tokens: In May 2024, you’ll have the opportunity to convert your accumulated airdrop points into Blast tokens.
Being proactive and informed within the Blast community is key to maximizing your Blast Points. Remember, the tokens you bridge will be locked until the mainnet launch in February 2024. As always, exercise due diligence and research thoroughly when participating in crypto airdrops and activities.
For detailed information and the latest updates, refer to the official Blast website and their profiles on crypto airdrop platforms.

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#blast #blur $BLUR $ARB $ETH #AirdropOpportunity

$CHERRY is the first native SocialFi on Blast's L2, rewarding users for participating in various tasks on Twitter. To start earning,
join Cherry On Blast.
https://cherryonblast.com/?referral=45weG1u
Steps to Participate in the Airdrop
1. Engage with Posts
You can earn $CHERRY by interacting with posts that mention "$CHERRY" or @CherryOnBlast. Here’s how:
Like: Earn 5 $CHERRY for each like ❤️.Comment: Earn 10 $CHERRY for each comment 💬.Retweet: Earn 15 $CHERRY for each retweet 🔁.
2. Refer Others
Referrals are the most lucrative way to earn $CHERRY. You will earn 200 $CHERRY for each person that signs up on the Cherry On Blast dashboard using your referral link. These referrals also act as multipliers, increasing your overall $CHERRY earnings. Invite your friends and maximize your rewards.
3. Claim Your $CHERRY
Users can claim their $CHERRY allocation upon the Token Generation Event (TGE).
4. Future Feature: Wheel of $CHERRY
In the near future, the Wheel of $CHERRY will be introduced, allowing users to use their earned $CHERRY in a PVP-type game where one winner takes all.
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To use your invitation code KW7S1 for the Blast Layer Two project, you can follow these general steps:
Step 1: Access Blast.io Official Website
Begin your journey by accessing the official Blast Layer Two project website. Open your web browser and enter the URL: https://blast.io/KW7S1 . This will direct you to the homepage where you can find various project details and the sign-up or login option.
Step 2: Enter Your Invitation Code on Blast.io
Once on the Blast.io homepage, look for the registration or sign-up section. It’s here where you’ll need your invitation code. Enter KW7S1 in the designated field. This code is crucial as it unlocks exclusive access to the platform's features and possibly, participation in special programs such as airdrops or early access events.
Step 3: How to Connect Your Wallet to Blast.io
After entering your invitation code, the next critical step involves connecting your digital wallet. Most blockchain platforms like Blast will require you to integrate a wallet such as MetaMask, Trust Wallet, or others. This integration allows you to manage transactions and interact with available DApps. Typically, you’ll find the option to connect your wallet in the user profile or settings section of the website.
Step 4: Completing Your Blast.io Registration
Complete any additional requirements necessary for full integration into the Blast platform. This may include linking social media accounts like Twitter or Discord to enhance community interaction or completing specific tasks or challenges set out by the platform. These steps are often necessary to verify your account and increase your engagement and trust within the platform community.

For more updates and interaction, follow Blast on Twitter at @Blast_L2.
By following these steps, you’ll be well-prepared to use and enjoy the Blast.io platform. Always ensure to check the official Blast website or their customer support for any updates or changes to the registration process.
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