Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
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

Do you want to unlock the slow brake out for a big discount PI network, the next token?

June 3, 2025

ROBINHOOD concludes the argument of BitStamp to $ 2B

June 3, 2025

Cardano (ADA) will be capped under the resistance -will buyers regain control?

June 2, 2025
Add A Comment

Comments are closed.

Recent Posts

How to analyze the market moves like a pros

June 4, 2025

Introduction to Krakeen Prime, a full -service prime brokerage for customer creepto customers

June 4, 2025

The Mara report recorded Bitcoin mining performance in May 2025.

June 4, 2025

In 2025, the Cryptocurrency holders earned $ 45,700 for seven days, revealing the secrets of the big profits of cloud mining.

June 4, 2025

Trump Deepfake requires Velociraptors in Border Patrol.

June 4, 2025

Moodeng is 473%jump: Solana’s (sol) hippo is too cute for the bear?

June 4, 2025

NVIDIA improves long -term text LLM training with NEMO framework innovation.

June 4, 2025

Stablecoin issuer circle aims to evaluate $ 7,200,000 in the upcoming IPO

June 3, 2025

Bitcoin (BTC) is faced with the first main correction in the midst of economic tension.

June 3, 2025

Do you want to unlock the slow brake out for a big discount PI network, the next token?

June 3, 2025

Australia’s encryption ATM fraud exceeds more than 3.1 million losses.

June 3, 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

How to analyze the market moves like a pros

June 4, 2025

Introduction to Krakeen Prime, a full -service prime brokerage for customer creepto customers

June 4, 2025

The Mara report recorded Bitcoin mining performance in May 2025.

June 4, 2025
Most Popular

QuickSwap’s Friendly Fork Model Takes Off with SparkDEX. What This Means for You

July 23, 2024

Hackers manipulated PlayDapp’s issuance process and PLA plummeted.

February 10, 2024

Bitcoin prices are prepared for ‘70% to 80% ‘as they surge on Onchain Metrics and SPOT BTC ETF.

April 22, 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.