Coinspeaker
Blast Staking Sees $301M Inflow amid Skepticism from Crypto Users
Despite some skepticism from the crypto community, Blast, an Ethereum Layer-2 blockchain set to be live in March, has successfully garnered over $301 million in staked Ethereum (stETH) and stablecoins since its introduction on Monday, according to reports.
Blast, led by the pseudonymous @PacmanBlur, a co-founder of the popular Non-Fungible Token (NFT) marketplace Blur, distinguishes itself by incorporating native staking, a feature not commonly found in other layer-2 networks.
The protocol has garnered attention not only for its unique technical approach but also due to its high-profile backers, including prominent crypto fund Paradigm and “eGirl Capital”, a group of crypto-native investors.
One of Blast’s distinguishing features is its native staking capability, a functionality that sets it apart from other layer-2 networks. The protocol aims to generate yield through Ethereum staking and real-world as
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