 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
Cryptocurrency News Articles
Blast Debuts Its Token With a Valuation North of $2B, Experiences Massive Sell-Off
Jun 27, 2024 at 01:20 am
Blast, the controversial layer-2 blockchain, has debuted its token with a valuation north of $2B, according to data from CoinGecko.
Blast, a layer-2 blockchain, has unveiled its token, which is currently valued at over $2 billion, according to CoinGecko.
The protocol has allocated 17% of its native token supply to users who staked Ether (ETH) earlier this year and earned points through farming. The token debuted at around $0.03, giving it an initial fully diluted valuation (FDV) of $3 billion.
However, the token has experienced a significant sell-off in the hours following its debut, dropping 18.7% in the last hour. According to CoinGecko, BLAST currently has a market capitalization of $359 million.
The Blast Foundation
Blast is an Ethereum-based layer-2 that serves as a scaling solution for improving speed and throughput. It operates as an optimistic rollup, utilizing fraud proofs to validate state transitions.
The protocol is notable for being the first L2 to offer native yield for ETH and stablecoins. It actively stakes ETH and distributes the yield to network participants and decentralized applications (dApps).
The token launch comes shortly after the protocol established the Blast Foundation, which now manages the project's Twitter, website, and network.
The foundation will oversee the protocol's critical assets, operations, and infrastructure to promote transparency and accountability. This transition aligns with the protocol's aspiration for a community-based governance model, which is frequently observed in DeFi protocols.
READ ALSO
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
-
-
- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
-
-
- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
-
-
- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
-
- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
