Blast L2 Distributes 10M Blast Gold, Spurs DeFi Growth & PlutoCats Price Surge

The decentralized finance and gaming ecosystems on the Blast Layer 2 platform are witnessing significant developments with the distribution of Blast Gold, a new reward system aimed at fostering growth and user engagement. This week marked the first distribution of Blast Gold, with a total of 10 million Blast Gold being allocated to winners of the Big Bang competition and various dApps on the Blast mainnet. Notably, Juice Finance emerged as a leading entity in the lending category, receiving 384,781 Blast Gold, while DecentralGames and PlutoCats also received substantial allocations of 103,949 and 63,830 Blast Gold, respectively. The distribution of Blast Gold is expected to incentivize participation and investment within the Blast ecosystem, as dApps begin to distribute the rewards to their users. Entities such as Juice Finance, ThrusterFi, and Mintify have expressed their commitment to redistributing Blast Gold to their users, highlighting the potential for increased yield and point farming activities. Additionally, the impact of Blast Gold distribution has already been observed in the NFT market, with PlutoCats experiencing a significant increase in floor price from 0.5 ETH to 2 ETH following the announcement of their Blast Gold allocation. It's noteworthy that 1 Blast Gold is equivalent to 35,172 Blast Points, underscoring the value of these rewards within the ecosystem.