Blast 

BLAST Price

What is the Blast Layer-2 network?

Blast is an Ethereum Layer-2 network built as an optimistic rollup, differentiated by native yield on deposited balances. ETH held on the Blast network automatically earns staking-derived yield, while stablecoin balances earn yield from T-bill and RWA protocols. The team behind the Blur NFT marketplace built Blast. Mainnet launched on February 29, 2024, and the BLAST token went live on June 26, 2024. DropsTab classifies Blast under Layer-2, Yield Farming, and Superchain.

How does Blast's native yield work?

The Blast network automatically stakes deposited ETH and passes the staking yield back to the depositor. Stablecoin balances on Blast earn yield sourced from on-chain T-bill and RWA protocols. Blast's documentation framed the design benchmark at roughly 4% on staked ETH and about 5% on stablecoins from T-bill protocols. Apps built on Blast can compose auto-yielding products on top of these balances.

Who created the Blast L2 network?

The team behind the Blur NFT marketplace built Blast, led by founder Tieshun "Pacman" Rocquerre. Blast opened in an invite-only beta in November 2023 with a points-based deposit campaign. The beta's no-withdrawal design drew community criticism over custody and bridge rules. The Blur heritage explains Blast's early traction among DeFi and NFT-native users.

How many BLAST tokens exist in total?

Per DropsTab data, BLAST has a fixed maximum supply of 100,000,000,000 tokens — total supply equals the hard cap. Half of that supply is reserved for the community, including a 17% Season 1 airdrop. Core Contributors hold 25.5% and Investors 16.5% of supply, so insider allocations total roughly 42% — a meaningful dilution overhang for BLAST holders.

What does BLAST's token unlock schedule mean for sell pressure?

Per DropsTab vesting data, Core Contributors and Investors unlocked 25% of each allocation one year after TGE, on June 26, 2025, with the remaining 75% vesting linearly each month into 2028. The Blast Foundation unlocks roughly 5.48M BLAST daily over about four years. This combination produces steady recurring supply growth through 2028 — a persistent dilution pressure for BLAST holders.

How was the Blast Season 1 airdrop distributed?

Blast distributed 17 billion BLAST — 17% of total supply — in its Season 1 airdrop, claimed on June 26, 2024 at token generation. Eligibility required Blast Points and Blast Gold earned during the pre-token points campaign that began with the November 2023 beta deposits. Blast ran further Blast Gold incentive campaigns through 2024–2025 as part of the 50% community allocation. The airdrop and points programs have concluded.

Who invested in Blast and how much did it raise?

DropsTab fundraising data shows Blast raised $20,000,000 in a single round dated November 21, 2023. Backers include Paradigm and eGirl Capital (both Tier 1), Standard Crypto, and Manifold Trading, plus angels Andrew Kang, Hasu, Larry Cermak, and Santiago Roel Santos. Press coverage described Paradigm as lead; DropsTab lists no official lead. The 16.5% investor allocation spreads across a broad backer set, so no single VC holds a dominant share.

Which exchanges list BLAST?

BLAST trades spot on multiple centralized exchanges, including Coinbase (BLAST/USD), Bybit, KuCoin, and Gate (BLAST/USDT pairs). DropsTab tracks no derivative or dedicated DEX venues for BLAST — on-chain liquidity instead sits on ecosystem DEXs inside the Blast network itself. Tracked spot depth concentrates in USD and USDT pairs. Binance has no confirmed BLAST spot listing, a coverage gap among tier-1 venues.

Is BLAST a coin or a token?

BLAST is a token issued on the Blast Layer-2 network itself, not a coin of its own chain — the network pays gas in ETH. DropsTab classifies Blast under Layer-2. The BLAST token contract on the Blast chain (chain ID 81457) is 0xb1a5700fa2358173fe465e6ea4ff52e36e88e2ad, verifiable on the Blastscan explorer. Token utility centers on network incentives and ecosystem campaigns rather than gas or governance fees.