The mainnet version of Blast's "Thoughts and Grievances": Is the next "Big Hair" still a continuous PUA user?
"Updating the points rule, the cost of migrating to the mainnet is high" was met with ridicule.Author: Asher, Odaily Planet Daily
Blast Mainnet Launch: Updated Points Rules, High Migration Costs
Hot On-chain Data
On March 1, the Layer2 network Blast, based on Optimistic Rollup, officially launched its mainnet, leading to a surge in on-chain activities. According to data from the Flipside platform, there are currently 37,000 wallets on the Blast network executing nearly 810,000 transactions, with an average of 0.5 blocks created per second, an average Gas fee of 0.000394 ETH (approximately $1.33 at current prices), an average TPS of 1.8, and a peak TPS of 144.5.
Image source: flipsidecrypto
New Points Rules Announced
The users who participated in the Blast testnet are most concerned about the rewards for continuing to interact with the mainnet. Currently, Blast allows early access users to cross-chain to the mainnet and use Blast's native DApp.
The specific rules are: mainnet users will continue to earn Blast points, and mainnet DApps can now earn BlastGold (Blast coins). 50% of the Blast airdrop is allocated to Blast points (users), and 50% is allocated to Blast coins (DApps). Coins will be distributed to DApps every two weeks. DApps can retain the coins for themselves, but some DApps have already committed to giving all coins to users.
Odaily Planet Daily reminds that the Blast ecosystem projects are mixed, and please DYOR before deciding to participate, beware of risks.
Image source: Official Twitter
According to feedback from several community members, there is a serious bug in the points mapping from the testnet to the Blast mainnet, with some addresses showing points that do not reflect the official 10x points but rather a random number between 0-10, and some users even received 0 points. In response, the official account issued an announcement on Twitter acknowledging the issue with point calculations, stating that they are currently being fixed, and all affected users' points will be retroactively corrected.
Image source: Official Twitter
High Migration Costs
Due to the new points rules indicating that after migrating to the Blast mainnet, points will increase every hour, with a default increase rate of 1x and a maximum increase rate of 12x, many users are preparing to migrate ETH to the Blast mainnet as soon as possible. However, the manual migration Gas costs are generally between $35 and $80, leading to complaints from many retail and multi-account users about the high migration costs. The image shows the migration data record when Gwei was at 37, with a cost of $37.55.
Migration Costs
Additionally, some community feedback indicates that even if users do not wish to participate in the Blast mainnet interactions, they still need to migrate ETH to the Blast mainnet before they can withdraw to Ethereum Layer 1. Currently, withdrawing through the official bridge requires a 14-day waiting period, as shown in the image below. Odaily Planet Daily reminds users that there are risks of uncertainty with withdrawals through other third-party cross-chain bridges, and to be cautious with fund safety.
14-Day Waiting Period
High Popularity, But Constant Doubts
Although the Blast mainnet saw extremely high on-chain activity and community engagement within hours of its launch, there is a prevailing sense of discontent among KOLs and ordinary participants on social media:
"The dumbest thing about Blast is that the Gas for depositing ETH wasn't cheap, and now that it's on the mainnet, I have to pay to cross."
"The Gas for crossing to the mainnet is even higher than when I deposited, is this my operational issue?"
"The mainnet launch could have followed the previous cross-chain mapping; why make over 200,000 users pay fees again? Not everyone is a whale who doesn't care about these fees. Does Blast not need retail investors?"
"There are no officially supported projects on Blast yet, just community-driven projects, and participants are all from the ETH chain's 'big cuts', experienced on-chain, while retail investors who can't run fast are just waiting to be buried."
"The Blast chain is just like the BSC chain back in the day, full of exit scams. I've heard that Tieshun has been meeting with Chinese project parties every day during this period."
"Blast feels too 'nationalized', the projects on it are purely PVP games; if you run a second late, you might as well not run."
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Summary
Looking back on the half-day since the Blast mainnet launch, whether it's the rapid exit of numerous newly launched on-chain projects or the announcement of the new points plan, along with the expensive Gas fees for migration, user dissatisfaction has been continuously accumulating throughout the process.
If the Blast mainnet cannot cultivate a batch of quality projects or provide some benefits for users from an official perspective (not to mention increasing the points coefficient, even saving some Gas), then the enthusiasm for Blast will gradually be extinguished by poor experiences.
After all, the participants who decide to stay are still eyeing the next important time node (May). Before that, whether to continue PUAing users through points or to have a short-term "airdrop feast," Blast has much to consider.
