According to Wu, the total locked value (TVL) of the Blast network has plummeted by more than 60% from its all-time high of $2.3 billion in early June to $785 million as of August 5, a six-month low.
Additionally, Blast’s daily active user count also dropped to 27,800 on August 18, a significant decrease from before and the lowest level since the expansion solution was launched in late February.
