The price of the Blast token fell more than 6% on Wednesday after developers distributed 17% of its supply to users who earned points by staking Ether earlier this year. 📉

According to CoinGecko, Blast's capitalization now exceeds $385 million, with a fully diluted valuation of $2.2 billion. There are now 17.16 billion $BLAST tokens in circulation.

Blast has become the sixth largest blockchain in the industry by total value locked (TVL). The network has 128 DeFi applications and TVL of more than $1.6 billion.

Blast leaders include Thruster, Juice Finance, Hyperlock Finance, Ring Finance and Renzo. Blast became popular due to its points system, which allows users to earn points through online transactions.

The next closely watched airdrops will be EigenLayer, TapSwap and Hamster Kombat. EigenLayer is the largest re-staking platform on Ethereum, while TapSwap and Hamster Kombat are the largest tap-to-earn platforms on Telegram.