NewsletterEthereum Layer 2 Blast Secures Major Exchange Listings Amid Airdrop
Highlights
- Blast, an Ethereum Layer 2 platform, has announced the launch of its native token.
- The BLAST airdrop details are expected to be unveiled on Wednesday, June 26.
- The Blast token has secured major crypto exchange listings, including Bybit and Bitfinex.
Blast, an Ethereum Layer 2 solution developed by Tieshun Roquerre, is making significant strides. The platform has garnered attention with its rapid ascent since its early access launch in November 2023. Moreover, it boasts a total value locked (TVL) exceeding $2 billion.
Blast Gears Up For Launch
Furthermore, Blast’s popularity in Blast-based games is noteworthy. Recently, Blast has also ranked among the top 10 platforms by daily fee generation. This underscores its growing influence in the blockchain space.
On Wednesday, June 26, 2024, the foundation will unveil the Blast Vision. This will offer a clearer roadmap for its future operations. Moreover, details of the Blast tokens are yet to be fully disclosed. However, it is known that there will be multiple categories for their distribution.
Latest speculations point towards rewards for Blur farmers, who may benefit from the forthcoming airdrop for the Ethereum Layer 2 token. The airdrop is part of Blast’s broader strategy to cultivate a robust ecosystem.
In addition, the network plans to allocate half of the airdrop to developers through ‘Blast Gold.’ Additionally, ‘Blast Points’ will reward early users based on their wallet activities and dapp interactions. These mechanisms are designed to incentivize both developers and users.
Ultimately, the goal is to foster growth and engagement within the Ethereum Layer 2 platform. In addition, the Blast token has registered significant crypto exchange listings for June 26 on Bitfinex and Bybit. This hints at significant adoption upon launch.
Also Read: Ethereum Layer 2 Blast to Launch Foundation This Week, Here’s Why
Bybit & Bitfinex Exchange Listing Details
On June 24, 2024, at 2:00 PM UTC, BLAST deposits became available on Bitfinex, pending network conditions. If liquidity requirements are satisfied, trading is set to begin on June 26, 2024, at around 3:00 PM UTC. Moreover, BLAST will be available for trading against US Dollars (BLAST/USD) and Tether tokens (BLAST/USDt).
Bybit, another major crypto exchange, announced on X, “BLAST is Coming Soon to the #BybitSpot Trading Platform With Blast L2. Listing: Jun 26, 3PM UTC. Deposits and withdrawals will be available via the Blast Network.” Bybit recently flipped Coinbase as the second-largest crypto exchange in the world. It now holds a 16% market share. This significant adoption suggests that Blast could witness considerable traction upon its launch as Bybit boasts a gigantic user base.
Also Read: ETH/BTC Price Prediction: Ethereum Price To Crash Another 7%?
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