Posted 12/28/2023, 6:46:17 PM
Ethereum Scaling Network Blast Gains Over $1B in Deposits as Users Seek Yield and Airdrop Tokens
- Ethereum layer-2 scaling network Blast attracts over $1 billion in deposits from 86,000 users seeking yield and tokens from upcoming airdrop
- Blast becomes 23rd largest DeFi protocol by total value locked
- Users can earn 4% APY on Ethereum and 5% on stablecoins deposited
- Blast points being distributed for token airdrop scheduled for May 2024
- Launch of Bitcoin spot ETF in 2023 could lead to price drop according to some experts