Blast Forum Proposes Weekly Treasury Fee Distribution to BLAST Holders Amid High FDV and Market Challenges

A new proposal has been raised in the Blast Forum to distribute the Blast Foundation Treasury fees back to BLAST holders on a weekly basis. The goal is to reward holders and enhance the value of holding BLAST tokens. Despite this, the BLAST market cap is significantly lower than BLUR, and Blast's fully diluted valuation (FDV) remains more than three times higher than Blur, even without accounting for whale airdrops. Concerns about the volatility of BLAST tokens and their impact on holders' portfolios have been raised, with some suggesting that gold distribution could alleviate these issues. Additionally, the broader cryptocurrency market has seen a downturn, with several Blast ecosystem coins experiencing significant declines in their FDVs. Notable examples include Orbit, which was once the biggest lending market, and Juice, which has a total value locked (TVL) of over $300 million but an FDV of $14 million.