TVL exceeded US$36 million within 10 hours of launch. This article explains Blast’s competition in detail

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南枳
3 months ago
This article is approximately 467 words,and reading the entire article takes about 1 minutes
Blast TVL jumped to 16th place in L2.

Original - Odaily

Author - Nan Zhi

TVL exceeded US million within 10 hours of launch. This article explains Blast’s competition in detail

This morning, Blur founder Pacman released a new project Blast.

Blast is a Layer 2 network that uses the Optimistic Rollup mechanism. According to Blast’s official announcement, the project has received US$20 million in financing, with several angel investors including Paradigm, Standard Crypto, eGirl Capital, and Mechanism Capital co-founder Andrew Kang, Lido strategic advisor Hasu, and The Block CEO Larry Cermak participating.

Pacman said that Blast aims to solve the problem of Blurs high gas fees on Ethereum and the problem of Bids fund accumulation. For the second point, the solution is that when the user deposits funds into Blast, Blast will then use the corresponding ETH locked on the Layer 1 network for native pledge of the network, and automatically return the obtained ETH pledge income to Blast users above.

On the other hand, you will also receive corresponding points after depositing funds into Blast. Combined with the classic invitation model of the Paradigm investment project, the enthusiasm for depositing funds has not diminished since its release. As of 18:30 on November 21, 14,600 ETH and more than 7 million stablecoins have been transferred to Blast, with a total value of more than 36 million US dollars. Compared with this years popular L2 airdrops such as zkSync and Starknet, the TVL on the first day of Blasts launch is already close in magnitude.

TVL exceeded US million within 10 hours of launch. This article explains Blast’s competition in detail

The data shows that among Blasts ETH deposits, the top ten transfer addresses and all transferred funds are as shown in the figure below: the first deposited 2,000 ETH, accounting for 11% of the TVL; while the remaining number of transfers is in a pyramid shape, The largest number of addresses deposit only 0.01-0.1 ETH, and those with the largest total deposit amount are in the 10-100 ETH class.

TVL exceeded US million within 10 hours of launch. This article explains Blast’s competition in detail

To make full use of the Blast invitation mechanism, community user @Greta 0086 suggested that players can learn from it: first establish account A through external invitations, and transfer the initial funds of 0.01 ETH (used to obtain the invitation code), then create account B and Use As invitation code, transfer 0.01 ETH again, and finally create a main account to deposit the participation amount, so that you can get another 24% of the score (100% of No. C + 16% of No. B + No. A gets C 8%). This may also be the reason why 0.01-0.1 ETH addresses have the largest number.

TVL exceeded US million within 10 hours of launch. This article explains Blast’s competition in detail

In addition, according to Lookonchain monitoring, this afternoon,Blast has deposited over 10,000 ETH into Lido and $4.42 million in stablecoins to MakerDAO, interest generation has been started. Some well-known users on the However, the Blast mainnet will not be launched until February 24 next year. The capital occupation period is long, and the corresponding incentives have not yet been clearly defined. It is recommended to plan and participate rationally.

TVL exceeded US million within 10 hours of launch. This article explains Blast’s competition in detail

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