Blast’s mainnet launch brings over $2 billion in cryptocurrency to market
Key Takeaways
- Blast’s mainnet launch unlocked nearly $2.3 billion worth of cryptocurrency.
- Rollup Blockchain Scaler offers up to 5% APY on Ether and stablecoins.
- The launch was criticized in terms of strategy and marketing.
Blast, an Ethereum Layer-2 solution, made an important move. Mainnet launch On February 29th.
This much-anticipated development Nearly $2.3 billion worth of staked cryptocurrency has been released.
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Before launch, the platform 180,000 users locked cryptocurrency sent to the network. Cannot be withdrawn for 3 months.
Blast allows users to The Annual Percentage Yield (APY) for Ether and stablecoins is 5%.
This rate of return is Generated from staked ETH and US Treasury bills, It manages these assets together with MakerDAO, the entity behind Dai.
But Blast’s journey has not been without controversy. In the X post, Dan Robinson, head of research at Paradigm and a seed investor in Blast, said: expressed concerns about the network’s launch strategy.
robinson It criticized the decision to delay withdrawals and the marketing strategy used. He said it could potentially undermine the credibility of other projects.
This launch represents a significant step forward while addressing challenges associated with launch and promotional strategies.
In other news, StarkWare announced Stwo, an open source ZK prover to improve the scalability of Ethereum.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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