The highly anticipated native token of Ethereum layer-2 network Blast (BLAST) experienced a 40% surge following its release, outperforming other notable airdrops in recent weeks. BLAST initially debuted at $0.02 per token, reaching a fully diluted value (FDV) of $2 billion upon launch. In contrast, tokens like zkSync (ZK) and LayerZero (ZRO) have seen declines of 46% and 43% post-launch. The airdrop distributed 17% of BLAST's total supply, with portions allocated to users bridging Ether (ETH) or USD to the network and those contributing to DApps. Despite criticism from some market commentators for falling short of valuation expectations, BLAST's performance has been noteworthy. However, the airdrop event also attracted scammers, with one user losing over $217,000 to a phishing scam. The network, co-founded by Tieshun Roquerre, faced initial skepticism but has shown resilience in the market. Read more AI-generated news on: https://app.chaingpt.org/news