Blast L2 TVL Over $500 Million, Team Addresses Centralization Criticism.

Ethereum Layer 2 Blast smashes through another TVL milestone in its spectacular run.

While the newest Ethereum (ETH) second-layer platform Blast is growing day by day, some crypto enthusiasts raise concerns about its security, tokenomical design and even the very "L2" status. The Blast team had kept silence for five days, but then explained the benefits of its multi-signature solution.

Ethereum L2 Blast sees $500 million deposited, DefiLlama says Today, Nov. 26, 2023, Ethereum (ETH) staking platform Blast registered its total value locked (TVL) metric spiking above $500 million in equivalent. By press time, Blast depositors injected over $512,810,000 in its contract, DefiLlama data says.

Launched on Nov. 21, it amassed the first $100 million in less than 24 hours, which makes it arguably the fastest-growing blockchain network by TVL. As per data of 21 Shares' dashboard on Dune Analytics (which, unlike DefiLlama, sees Blast's TVL at "only" $382 million in equivalent), the network managed to surpass Consensys' Linea, Starknet, Polygon zkEVM, dYdX Chain and is on its way to leaving Coinbase-incubated Base in the dust.

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