Blast TVL hits $390 million, with no product
⭐ Blast's deposit contract on Ethereum received $390 million in a few days, comprising $340 million in ether and $50 million in stablecoins.
⭐ Controlled by a 5-key multisig, concerns arise over the security and independence of key holders in the Blast project.
⭐ Despite rapid growth and backing by notable firms and personalities, Blast faces skepticism and regulatory concerns from the crypto community.
