Layer-2 Blast Announces Airdrop on June 26, 2024

On Twitter, the Blast project (a layer-2 solution for the Ethereum blockchain) has officially announced the postponement of the BLAST token airdrop to June 26th, later than the previously anticipated date of May 24th.

The Blast airdrop is launching June 26.

We know this is past our initial estimate of May and we’re sorry for the delay. The airdrop allocation will be increased to account for this.

There will be two final Dapp Gold distributions before the airdrop. pic.twitter.com/5XkYzDuFwD

— Blast (@blast) May 15, 2024

Notably, Blast will hold two additional rounds of distributing “Blast Gold” points before the official token airdrop. Blast Gold points are airdrop rewards specifically for decentralized applications (dApps) deployed on the Blast network. These dApps will then redistribute the points to their users.

Among them is Fantasy Top, a DEX trading card platform that just launched its mainnet earlier this month but quickly rose to the top 10 leading crypto protocols in terms of fees and revenue generated.

Half of the BLAST airdrop will be allocated through Blast Gold, while the remaining half will be for early users—those who deposited funds into Blast before its mainnet launch at the end of February.

Related: What Is Blast? What’s Remarkable About The Layer-2 Project Calling For 20M Capital?

Introduction to Blast

Blast is a layer-2 blockchain project built on Optimistic Rollups technology, fully compatible with Ethereum’s EVM environment. Blast’s differentiating factor is its goal to provide high interest rates for users depositing ETH and stablecoins on the platform—a feature no other layer-2 has achieved before.

The project made a splash by successfully raising over $20 million from top investment funds such as Paradigm, Standard Crypto, eGirl Capital, and even the famous figure Pacman—the founder of the NFT platform Blur.

Despite its recent launch, Blast has quickly become one of the most vibrant layer-2 solutions on Ethereum with a Total Value Locked (TVL) of up to $1.5 billion, trailing only behind Arbitrum and Base. This impressive figure is largely due to the enticing yield expectations promised by Blast.

The initial success of Blast is hoped to be further amplified after the upcoming token airdrop, solidifying its position in the increasingly competitive layer-2 market.