TVL for Blast crosses $2B ahead of mainnet launch on Feb. 29

Blast Protocol’s TVL Surpasses $2.1 Billion as Mainnet Launch Approaches

The highly anticipated launch of Ethereum layer-2 network Blast is just around the corner, and it has already achieved a major milestone. The platform’s total value locked (TVL) has reached an impressive $2.1 billion, a staggering 2,200% increase since its bridging protocol went live on November 22.

DefiLlama’s data shows that the majority of this locked value comes from eager airdrop hunters who have deposited their Ethereum in hopes of receiving the Blast token in May. This innovative approach has garnered significant attention and contributed to the platform’s rapid growth.

Controversy Surrounding Blast’s Launch

Despite its success, the Blast protocol has not been without controversy. Users were unable to withdraw their funds once they were locked in the platform until the mainnet launch. This decision has sparked debate and raised questions about the platform’s approach.

The Future of Web 3.0 and NFTs

As the launch of Blast’s mainnet draws near, many are curious about the potential impact of web 3.0 and NFTs on the future of technology. With projects like Blast pushing the boundaries of what is possible, it’s clear that web 3.0 is here to stay and will continue to shape the digital landscape in exciting ways.

Controversy Surrounding the Launch of Blast Protocol and its Impact on the Future of Web 3.0

The launch of Blast protocol in November sparked debate among the crypto community, with some expressing concerns about its messaging and execution. Head of research at Paradigm, Dan Robinson, warned that the delayed launch could set a negative precedent for future developers.

However, the controversy surrounding Blast protocol intensified on Feb. 26 when a gambling protocol called “Risk on Blast” allegedly pulled a rug on investors. The project, GambleFi, had raised 420 ETH through a presale for their token RISK, only to delete their social media accounts and move funds to an exchange shortly after.

Despite these setbacks, the Blast protocol remains a promising scaling solution for the Ethereum network, offering users native yields in ETH and stablecoins when they stake their funds. However, with the rise of NFTs and the emergence of the metaverse on web 3.0, the future of the protocol remains uncertain. Will web 3.0 be the new frontier for NFTs and decentralized applications, or will the controversy surrounding Blast protocol hinder its potential? Only time will tell.

Blast: The Revolutionary NFT Platform of Web 3.0

Blast, the brainchild of founder Tieshun Roquerre, also known as “PacMan”, is making waves in the world of NFTs. As the founder of both Blast and the NFT platform Blur, Roquerre is no stranger to innovation and pushing the boundaries of what is possible in the digital realm.

With its recent launch, Blast has garnered attention for its impressive yields, which Roquerre claims are generated by partnerships with Lido and MakerDAO. This has led to some skepticism, with some questioning if the yields are too good to be true.

However, with a $20 million seed round led by Paradigm and Standard Crypto, it’s clear that Blast has caught the eye of some major players in the industry. And with its focus on NFTs and the metaverse, Blast is positioning itself as a leader in the web 3.0 landscape.

Many are now wondering, is this the best NFT collection in the world? With its impressive team and backing, it’s certainly a strong contender in the race for web 3.0 dominance.