Friends, I have prepared for you an analysis of the Blast project and the $BLAST token!

Blast is the next L2 for the Ethereum blockchain, using Optimistic Rollup technology.

However, it is fundamentally different from its predecessors such as ARB, OP, Mantle, etc.

Blast is essentially a DeFi protocol for generating passive income for storing your digital assets on the L2 network.

After depositing ETH into the Blast network, it is automatically converted into stETH, which in turn is staked on Lido and for this you receive passive income.

Among the main competitors: Mode, Maker, Aave, Ethena, Compound.

💼 Investors

A total of $20 million was invested in the Blast project. 16.52 billion $BLAST coins were sold to investors (16.5% of the total).

Major investors include: Paradigm, eGirl Capital, Andrew Kang, Larry Cermak.

In terms of funds, everything is quite modest here, we would say that the project is in the hands of one fund - Paradigm, since other funds do not have enough liquidity to manipulate the market.

Compared to other L2s, they invested a little in the project, but for their niche it was quite a normal amount.

The price of the funds is $0.0012.

At the time of writing, the price of the coin is ~$0.016, that is, the funds now have only 12 x. Investors will begin receiving their coins on June 26, 2025.

📈 When should you consider purchasing the $BLAST token?

The total number of $BLAST coins is 100 billion. There are currently 17.5 billion $BLAST coins on the market, 17.5% of the total coin supply (at the time of publication 07/06/2024).

Detailed coin vesting - link.👇

https://token.unlocks.app/blast

Tokenomics:

🟠50% - Community. Linear vesting for 3 years from TGE.

🟠25.5% - Main participants (Team). 25% of tokens will be unlocked 1 year after TGE, followed by a linear unlock every month for the next 3 years.

🟠16.5% - Investors. 25% of tokens will be unlocked 1 year after TGE, followed by a linear unlock every month for the next 3 years.

🟠8% - Fund funds. Linear vesting for 3 years from TGE.

You can learn more about tokenomics by following the link.👇

https://assets.blast.io/en/q2-2024.pdf

What purchase prices do we find most interesting?

🟢Ideal option - $0.007-0.008;

🟢Great option - $0.01-0.012;

🟢Good option - $0.015-0.016;

Now we have an excellent entry point, with good potential for growth. There will be little pressure on prices throughout the year. Rozlok among investors and the team in the summer of 2025 will almost double the circulation of coins.

You need to monitor how the price will behave 1-2 months before the unlocks; if the market is favorable, then the price of the $BLAST coin will not stand still.

In mid-2025, after unlocking, investors and the team will have ~30 billion coins on the market.

Estimated capitalization for the altseason: $5 billion.

🟣Conclusion

Despite the fact that we are skeptical about the project in technical terms, it has good metrics that demonstrate interest in the projects.

It is worth noting that after the airdrop, TVL is in a non-outgoing trend and has not yet found its bottom. And for such a project this indicator is key.

From the point of view of the experience and quality of the team, there are no questions here. They have working products, they understand how to develop a startup, how to attract an audience.

If you decide to invest in a project, then I would classify it as high-risk and invest no more than 3% of the deposit.