The Ethereum layer 2 network's long-awaited token Blast (BLAST) is up 40% post-launch, performing better than other prominent airdrops that have hit the market in recent weeks.

BLAST launched at $0.02 per token, placing it at a fully diluted value (FDV) of $2 billion at launch, according to data compiled from Ambient Finance and trading platform Aevo.

BLAST's price rose more than 40% to $0.0281, and has now declined slightly and is trading at $0.024, according to data from Coingecko.

Blast Price Chart | Source: Coingecko

This is in contrast to recent prominent token launches, including layer 2 network zkSync (ZK) and cross-chain interoperability protocol LayerZero (ZRO). Both tokens have dropped 46% and 43% respectively since launch.

The airdrop released 17% of BLAST's total supply, of which 7% went to users who deposited ETH or USD on Blast (USDB) into the network since late last year.

A further 7% goes to users who “contribute to the success” of decentralized applications (DApps) on the network, while 3% is reserved for the Blur Foundation for future airdrops to its community .

The Airdrop has received some criticism from crypto market commentators on X, largely from those who felt that the launch valuation did not meet their expectations.

Arthur Cheong, co-founder of investment firm DeFiance Capital, said BLAST's FDV of $2 billion surprised him, as he expected a value closer to $5 billion.

Blast Network, co-founded by Blur creator Tieshun Roquerre – better known by his nickname PacMan – was criticized by its own seed investors in November for lacking enough features to justify for a one-way bridge mechanism that forces users to lock up their ETH for several months.

Blast's airdrop attracts scams

Like several other prominent airdrops this year – including cross-chain bridge protocol Wormhole – Blast's airdrop event attracted a large number of scammers on X.

Scammers often choose large-scale airdrop events to impersonate legitimate-looking clones, as airdrops often require crypto users to connect their wallets and sign transactions to receive distributed tokens. Cut.

Crypto security service Scam Sniffer has identified a user who fell victim to the Blast airdrop scam, losing over $217,000 after signing multiple fraudulent signatures.

Source: https://tapchibitcoin.io/token-blast-tang-40-after-release-mat-airdrop-tri-price-2-ty-usd.html