Blast, a layer-2 solution on Ethereum, was recently officially launched and confirmed to have attracted $20m in investment capital from Paradigm,... In this funding round, many famous individuals in the cryptocurrency community on the social network X Twitter also participated. Detail: https://twitter.com/Blast_L2/status/1726747115018481798

After research, I know Blast has a few points:
- The economic model and the airdrop model are separate, so they should not be considered a form of ponzi that some projects are still doing to attract users.
- Depositing ETH and stablecoin to get staking interest. Profits are distributed back to depositors at an interest rate of 4 -5%
- Airdrop is something that is attracting attention, because most L2 allow users to use the experience early and to be able to reach real users. Similar to many active L2, Blast is also worth our time looking for airdrop opportunities.

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News update...
- Blast has reached $230m in TVL within 48 hours. https://twitter.com/Blast_L2/status/1727475453869301854
- Blast has reached $443 Million in TVL within 4 days. https://twitter.com/Blast_L2/status/1728188031876886764
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Appears they are staking eth received on lido, and thus giving rewards to the depositors. Also, their referral structure is seen in pyramid schemes. I feel there is nothing new, but good if they airdrop, it gonna have good value because of the hype, money out of thin air for everyone.

I've also recently updated information about TVL, it's really got a lot of FOMO and this made me look back at some of the active L2s.
Perhaps with promise and a good support team, anything can be turned into a profitable tool.

yep, the game of sharks, whales,... I saw on X sharing the wallet address that transferred more than 15,000 STETH to Blast bridge. Yes, the moves to spend money are very aggressive, and now there is not much news about where the cash flow comes from that investors can participate in.

I'm not sure, but it seems like the number of participants is increasing and more money is being transferred. So the search for airdrop opportunities has been mentioned in the media, and we have enough time left until the date to learn in more detail how we can get the upper hand.

I believe they all have their own research and decisions. Really, L2 is something that is being forced to push quickly, perhaps everyone is eager to enter a real bullish phase with bitcoin and crypto. Although the ongoing activities don't show much, I think the project advisor and developers will know how to make this project familiar to more people. I don't expect much because of the meme show after seeing the increase in TVL, but I think it will be available to everyone soon, maybe Q1 Q2 2024.

Looking at the BLAST project, it can be said to be a good project and has potential in the future, but I don't know whether the project will provide an airdrop or not. because what has happened is that several projects have leaked information about the existence of this airdrop, which can cause a commotion among hunters to create multi-wallets to get more airdrops. and the teams overhauled their strategies

Blast is well well done scheme, they have all implemented all marketing gimmicks that makes project popular, I wouldn't be surprised if fruit turns out sour (I know this contradicts my previous comment, but this is my new judgement). Also, all this hefty amounts of ether staked, makes it come under limelight of hackers.


Blast is kind of project, where if hunters farm it, project wins.

Most of the dex targeted by hackers when they see any door with weak security. Blast is new project and got attention of the investors in very short time. In their latest quote posted 22 hours ago that they reached the milestone of 570 million. This is great number and record volume recieved in time of one week. Security will play main role in this project. If Blast team failed and faced hacking attack in early days then it will be big damage to this project because it will be very difficult to motivate investors after they lost interest.

Team is also aware of it and 3 days ago they share full detail information about security. They are working on Multisig wallet.



Full Detail

AFAIK, there was no announced airdrop from the team. It's largely based off of rumors. Since airdrops is a thing, it isn't surprising to see users flock Blast with their liquidity as it's a common narrative for liquidity to follow the newest shiny thing on the market. But I'd applaud the Blast protocol team for the idea of native yield on chain. This is not something that has been done by any other L2 network and we have had dozens of L2 networks all of which are just peddling off one another.

I agree, several projects funded by Paradigm have shown extraordinary success, whether their research team can estimate or speculate that the projects they are looking at are very good.
The question is whether all Paradigm-funded projects provide a large ROI.

I have connected my wallet to the website in the blast airdrop as this airdrop was send to me first by my friend through his referral Link. Although I didn't got any point on their website even my wallet is too old and also I have been participating in these Airdrops since 2 years. Also I'm regularly using that wallet for the Airdrops. But surely I don't know their criteria and didn't understand on what basis they are giving the points.

Most person have invested through the Ethereum although they got some points in it, but there may be any other criteria through which we can get free points? Or it is only for the users who have Ethereum and Fund etc.? May be some good news we can hear from the Blast team as this may be a big project regarding their twitter I have searched it and read their mechanism as well.