The price of the Blast token dropped over 6% after developers gave away 17% to those who had earned points earlier in this year by stakeing ether. As some investors exited positions, the token fell from $0.30 to $0.025 in just a few hours.
As per CoinGeckoBlast has now a valuation of more than $2.2 billion and an estimated market capitalization of $385,000,000. There will be a total supply of 100 million tokens, of which 17,16 millions are currently in circulation. According to BlastscanThere are 54,341 $BLAST holders. This number will continue to increase.
By total value locked, Blast is now the 6th largest blockchain. DeFi Llama’s data shows the network to have 128 DeFi apps and TVL over $1.6billion. The ecosystem has stablecoins totaling $4.4 billion.
Blast’s top players
Thruster Juice Finance Hyperlock Finance Ring Finance Renzo are some of the most prominent players on Blast. Blast is popular because its users can earn points for every transaction they make on the Blast network. The only EVM-chain with native yields of ETH or stablecoins.
Blast is joining other top platforms who have started their airdrops in this year. NotcoinThe token of, an airdropped Telegram platform that allows users to tap and earn, has a valuation in excess of $1.5 Billion.
Airdrops from Wormhole (zkSync), Zeta Markets and others were also notable this year. LayerZero. The majority of tokens fell after airdrops. However, they have now crawled their way back up as the cryptocurrency market has stabilized.
Next up, we’ll be watching airdrops from EigenLayer TapSwap and Hamster Kombat. EigenLayer, the largest restaking platform for Ethereum and TapSwap are the two biggest platforms to earn on Telegram.
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Source: crypto.news
