Blast Surges with $1.1 Billion Deposits Ahead of Ethereum L2 Launch and Airdrop

By: Isha Das

Despite the controversy surrounding its rollout, users continue to show confidence in the Paradigm-backed Ethereum scaler, Blast. According to recent reports, Blast has amassed deposits worth over $1.1 billion. This impressive figure has been achieved more than a month before the platform is due to go live.

The upcoming Ethereum Layer 2 launch and the associated airdrop seem to be key drivers of user adoption. Those who deposit with Blast will be able to redeem an airdrop in May 2024.