As a seasoned crypto investor with a few battle scars and valuable lessons learned from past experiences, I’ve grown increasingly cautious about new projects in the space. The hype surrounding Blast, the layer 2 blockchain, initially piqued my interest due to its ambitious goals and impressive token distribution to early supporters.
As a blockchain analysis specialist, I’d put it this way: I’ve discovered that Blast, a layer 2 blockchain platform, has allocated approximately 17% of its total native token supply to the individuals who farmed points by staking Ether (ETH) during earlier stages this year.
The token made its first appearance on the market priced approximately at $0.03, while its total value in the hands of all potential owners was estimated to be around $3 billion based on Ambient Finance’s data.
Last year, I closely examined a project following its establishment of a one-way token bridge enabling users to deposit funds but not yet withdraw them until the blockchain became active. Remarkably, this project amassed a substantial total of $2.3 billion in deposits between November and March.
With a total value of $1.62 billion, the blockchain ranks as the second biggest layer 2 network following Arbitrum, based on data from CoinGecko.
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2024-06-26 17:31