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Author: David C, Bankless; Compilation: Deng Tong, Bit Chain Vision
Few projects have been criticized and controversial like BLAST cycle.
Shortly after the launch, the Chuhu started complaining that the opportunity cost of locking ETH on Twitter was on Twitter.Then, the Munchables NFT project was attacked by hackers less than a month after launch, causing the network to be in a crisis of survival due to a $ 64 million hacker attack (although the funds were later returned).Nevertheless, BLAST is still developing, attracting some high -quality projects, and promoting the network as an exciting experimental DEFI center for cryptocurrency natives.
May is the month of BLAST’s airdrops. It turns out that checking the ecosystem is very important to understand whether the network is strong enough. This will determine that the project will continue to grow or fade out of sight after the airdrop.
Blast’s state
Analysis of the current state of the network shows that BLAST has impressive recovery and expansion capabilities.
Although there is no index level, its TVL has increased from the initial $ 2.11 billion to $ 3 billion before and after the Munchables hacker attack.Among the recent selling of the market, it has stabilized at $ 2.5 billion. Although the increase in the past month is about 59%, it can easily rank among the top ten in scale and among the top five in Rollup.
However, analyzing TVL may not provide the best information about actual activities like TPS. TPS has reached 9.4 after startup, but it has now stabilized to 5 TPS.This makes BLAST far behind Base, Degen Chain, and Arbitrum.However, this can be explained by the following facts:Most of the activities on Blast come from locking assets to maximize their income, rather than performing frequent transactions.
In contrast, although the number of activities may be low, many projects in the BLAST ecosystem have experienced a significant increase in the past month.In order to achieve the goal of DEFI Degen Center, Blast has established a solid foundation and equipped all vertical fields required to achieve this goal.
JUICE Finance provides loan/loan facilities, which enhance its functions, which can maximize production and points =.Thruster provides the depth token liquidity required for the ecosystem, and enhances it by high -yield projects such as Hyperlock Finance, which is based on it.The growth of Particle Trade shows the demand for its “Uniswap leverage”, and Renzo, one of the largest LRT protocols, has injected liquidity into the network.
These projects have laid the foundation for BLAST to become a strong DEFI center.
Potential catalyst
Blast is proficient in the complexity of cryptocurrencies and tends to explore its new forms.
The new project can use this community to guide their protocol design.It is especially suitable for SocialFi projects, that is, those projects that want to build on social networks and DEFI cross -points, some of which have recently emerged on BLAST.
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Fantasy Top is a team of “selection” of their favorite cryptocurrency characters based on Twitter’s participation and other rankings to participate in the championship competition. After the launch of the airdrop statement, the main network is about to be launched.
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Earlyfans is a SocialFi platform. It further has the relationship between the content creator and its audience through speculative advantages. It just launched the Beta version before the upcoming airdrop.
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DistricTone makes money by sharing, investing, and cumulative bonuses, catering to the needs of the community and influential people to expand and use their influence.
Overall, BLAST intentionally maintains consistent with encrypted native nativeness and Degen culture, which not only consolidates its position in the DEFI field, but also lays the foundation for expanding the development trend such as SocialFi.Big market attraction.
Future Outlook
With the arrival of airdrops, May has special significance for Blast.
The activities of the network, especially the Defi field, reversed people’s expectations to a certain extent.Keep in mind that there are not only points, but also gold -a resource containing 50% airdrops, allocated to DAPP to motivate and reward the community in the way they think.
With the approach of key airdrop activities in BLAST in May, the network is at an important crossroad.From the recovery and stable TVL of Munchables after being hacked, it can be seen that BLAST has a flexible foundation that has the opportunity to become an indispensable DEFI center.The success of its airdrops is essential to determine whether BLAST is consolidating its position as a pioneer network or a L2 network.
