BLAST Off to Good Start as New Token Soars over 46% amid Airdrop Controversy
BLAST, the native token of the Ethereum layer-2 network Blast, debuted at $0.02, resulting in a fully diluted value of $2 billion.

Blast’s native token is off to a blistering start, albeit against the pessimism that surrounded its recent launch. Despite the initial criticism of its valuation and functionality, the BLAST token price has defied all expectations, surging over 46% shortly after its debut

BLAST, the native token of the Ethereum layer 2 network Blast, debuted at $0.02, resulting in a fully diluted value (FDV) of $2 billion. This figure surprised some investors, like DeFiance Capital co-founder Arthur Cheong, who was eyeing a valuation of around $5 billion
BLAST Token Drops Impressive Performance over Other High-Profile Airdrops

Meanwhile, unlike recent airdrops for zkSync (ZK) and LayerZero (ZRO) which plummeted 46% and 43% respectively after launch, BLAST is experiencing quite an unexpected price increase. CoinMarketCap data initially showed the token sitting at $0.0293, marking a 46.5% gain. However, it has since retraced some of its steps as of publication. Up 21.76% in the last day to trade at $0.02567

The airdrop itself distributed 17% of the total BLAST supply, with 7% allocated to users who bridged assets onto the network and 7% going to those who actively contributed to Blast’s decentralized applications. The remaining 3% went to the Blur Foundation for future community airdrops.
The listings of zkSync and LayerZero on major exchanges like WhiteBIT, Binance, and OKX not only enhance their visibility but also contribute to the broader adoption of their technologies. These platforms provide the necessary liquidity and accessibility, allowing more users to engage with and benefit from these innovative protocols. As these projects continue to develop, their influence on the future of blockchain interoperability and scalability is expected to grow, positioning them as key players in the decentralized finance landscape.
#LayerZero #zkSynk #WhiteBit #BinanceTournament