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Author: Tom Mitchelhill, Cointelegraph; Compilation: Deng Tong, Bit Chain Vision Realm
A few days before its newly announced main network release (February 29), the total lock value (TVL) of the Ethereum Layer 2 network BLAST has exceeded $ 2.1 billion.
According to DEFILLAMA data, Blast’s TVL is currently US $ 2.1 billion, an increase of more than 2,200% when its bridge agreement was launched on November 22.
Blast’s TVL has exceeded $ 2.1 billion.Source: DEFILLAMA
The vast majority of locking values comes from hopeful airdrop hunters. They lock their Ethereum in the agreement to obtain the future BLAST token airdrop. The agreement team said that the airdrops will be carried out some time in May.
The launch of the BLAST protocol is not without controversy, because once the funds are locked in the platform, the user cannot withdraw funds before its main network starts.
In November last year, Dan Robinson, director of the research director of the encrypted venture capital company Paradigm, said that BLAST’s launch “there is a cross in message transmission and execution” because delayed launch may establish a bad of future developers who may establish a bad future developer.precedent.
On February 26, the Blast agreement once again caused controversy. At that time, the gambling agreement called “Risk on Blast” was allegedly executed by Rug Pull.The GambleFi project has raised 420 Ethereum (ETH) (ETH), a pre -sale tokens named RISK (calculated at the current price, worth $ 1.35 million). The pre -sale tokens started on February 22 and ended the next day.
Since then, the team has transferred the funds of the algorithm stabilized currency DAI (DAI) to the non -hosted cryptocurrency exchange, and deleted related social media accounts.
The BLAST protocol was launched in mid -November. It is an expansion solution for the Ethereum network to provide users who invest funds into the protocol to provide the native income of Ethereum (ETH) and stablecoin.
It is worth noting that the founder of Blast, Tieshun Roquerre, is also the founder of the NFT platform Blur.
In the X post released on November 23, Roquerre defended Blast and opposed the criticism of “incredible” yield “incredible”, claiming that the BLAST yield was generated by Lido and MakerDao.
BLAST completed the $ 20 million seed wheel financing led by Paradigm and Standard Crypto a few days before launch.
