Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»L2 Crypto Project Blast has crossed $822 million in TVL ahead of its mainnet launch next year.
EXCHANGE NEWS

L2 Crypto Project Blast has crossed $822 million in TVL ahead of its mainnet launch next year.

By Crypto FlexsDecember 9, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
L2 Crypto Project Blast has crossed 2 million in TVL ahead of its mainnet launch next year.
Share
Facebook Twitter LinkedIn Pinterest Email

Blast announced the hiring of a Senior DevOps Engineer and a Senior Protocol Engineer to ensure a timely mainnet launch in February 2024.

Amid growing demand for floating staking on the Ethereum (ETH) network from institutional investors, Blast Protocol, a Layer 2 (L2) project backed by Paradigm Venture Capital and Standard Crypto, is a new player in the Total Value Locked (TVL) and cryptocurrency sectors. A record was set. Community members.

According to the latest market data provided via DeBank, there are approximately 308,114 Ethers worth approximately $727.7 million on the Blast protocol. Additionally, the Blast protocol deposited $94.7 million worth of DAI stablecoin into Maker for yield farming. As a result, the Blast protocol has over $822 million in total value locked (TVL) and over 67,000 community members, making L2 one of the top Ethereum validators with Lido DAO.

Blast protocol preparation for mainnet launch

The Blast Protocol has grown into a vibrant community supported by a dedicated team of venture capitalists and developers. Meanwhile, Blast Network has promised early access members that its roadmap for a February mainnet launch is on track. The company has also accelerated developer hiring to ensure the best possible product launch.

job posting

Blast achieved $634 million TVL through 67,757 community members.

We are hiring a Senior DevOps Engineer and a Senior Protocol Engineer.

If you’d like to contribute to the Blast https://t.co/sHd6FeJl2s, get in touch.

— Blast (@Blast_L2) November 30, 2023

The Blast network offers early access membership with a 4% yield on Ether and a 5% yield on stablecoins, with redemption of staked assets scheduled to begin in May next year. Notably, Blast’s Early Access membership has grown by invitation only and will be rewarded with Blast Points, which will be available for use next May. However, the Blast protocol has reassured community members that their assets are safe in other layer 2-like multi-signature wallets such as Arbitrum (ARB), Polygon (MATIC), and Optimism (OP).

Blast is EVM compatible and therefore compatible with other blockchains, so its mainnet launch is expected to produce farming on Ethereum and top-tier stablecoins. Early last month, Blast Protocol announced that it had raised approximately $20 million from 12 investors led by Paradigm and Standard Crypto.

market outlook

The remarkable growth of Blast’s total value to over $822 billion in a short period of time indicates that most institutional investors are very optimistic about Ethereum (ETH) and the DeFi market. Moreover, the total value locked on the Ethereum network has surpassed nearly $30 billion, and the stablecoin market capitalization has surpassed $66 billion. With Ethereum price closely following Bitcoin price movements, Blast’s TVL value is expected to easily surpass $1 billion in the next quarter. Nonetheless, it is worth noting that the Ethereum network faces tremendous competition from other smart contract networks such as Cardano (ADA) and Solana (SOL).

next

Altcoin news, blockchain news, cryptocurrency news, news

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price is a 4% slide after a strong rally?

August 16, 2025

Analysts predict the XRP price conflict for less than $ 3, but there are good news.

August 13, 2025

Ethereum (ETH), SEI (Sei), and Bonk (Bonk) gathered in July, but one token is prepared to dominate next.

August 10, 2025
Add A Comment

Comments are closed.

Recent Posts

By 2026, $ 1m Bitcoin can cause disasters!

August 17, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025

Bitcoin Price is a 4% slide after a strong rally?

August 16, 2025

Hype Rallies 10%, while hyperliquid smashes records with $ 29B and $ 7.7m fees

August 16, 2025

BPENGU closes the door on PENGU after $ 3.4m presale surge.

August 16, 2025

GEMINI has been disclosed by IPO, Tilecer Gemi’s NASDAQ listing plan

August 16, 2025

Ethereum-based Meme Coin Pepeto Nears Stage 10, Raises Over $6.18M In Presale, As Ethereum Eyes $10,000

August 15, 2025

Trump’s encryption reform pushes Bitcoin higher

August 15, 2025

Ether Leeum can increase to $ 15 million as the institution accumulates: Study

August 15, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025

Mawari Partners With Caldera To Launch Mawari Network, Enabling Real-Time Streaming Of Immersive, AI-Powered Experiences Globally

August 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

By 2026, $ 1m Bitcoin can cause disasters!

August 17, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025

Bitcoin Price is a 4% slide after a strong rally?

August 16, 2025
Most Popular

AKT, the world’s first AR/VR cryptocurrency, recorded its highest gain, surging 45% towards $6 million.

April 23, 2024

Ethereum: Staking rather than trading? ETH holders, read this!

April 3, 2024

Binance-Backed dex KiloEX stops operating with $ 7.5 million exploitation.

April 15, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.