Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November.
Blast’s TVL Hits $1 Billion
Initially, on Nov. 22, 2023, Blast’s value locked was recorded at $89.59 million, but as of today, it has surged to $1.135 billion. Currently, Blast ranks as the 17th largest decentralized finance (defi) protocol in terms of TVL, nestled between Juststables and Marinade Finance, according to data collected by defillama.com.
The platform is distinguished by its native staking and strategies to amplify yield through ether (ETH) staking and real-world assets (RWAs). Pacman, the creator behind the non-fungible token (NFT) marketplace Blur, is credited with building Blast.
Blast received a boost through investments from Paradigm and Standard Crypto, yet an executive from Paradigm remarked that the Blast debut “crossed lines” concerning
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