Mar 14, 07:03 PM

Blast, New Ethereum L2, Attracts $3B in Deposits and ~280K Users

The cryptocurrency sector is witnessing significant developments with the launch of Blast, an Ethereum Layer 2 (L2) solution by the founder of Blur, PacmanBlur. Blast has quickly gained attention in the crypto community, amassing approximately $3 billion in user deposits in just a few weeks since its launch in late February. The platform now hosts around ~280,000 monthly active users, outpacing many incumbent L2 solutions in a short period. This surge in activity and interest is part of a broader trend in the crypto space, which includes the resurgence of memecoins, discussions around Bitcoin L2 solutions and ETFs, and the exploration of SocialFi and new technology frameworks like Dencun. These developments are being closely followed and discussed in various cryptocurrency-focused podcasts and newsletters, highlighting the dynamic and rapidly evolving nature of the sector.

#Blast #Blur #PacmanBlur #Bitcoin #SocialFi #Dencun

Written with ChatGPT (GPT-4).