9 data charts analysis: How has Blast developed?

Author: 1912212.eth, Foresight News

Blast has arrived late; originally scheduled for an airdrop at the end of May, it has only recently announced its governance token plan. The total supply is 100 billion tokens, of which 50% will be airdropped to the community, with an initial airdrop amount of 17 billion tokens. Additionally, 25.5% is allocated to core contributors, 16.5% to investors, and 8% to the Blast Foundation. As part of the transition to a decentralized governance structure, the official statement indicates that the governance of the project's Twitter, website, and Blast protocol is shifting to foundation control.

OP and Arbitrum have gained attention due to their airdrops, while ZKsync has become a "negative example." Since Blast opened its airdrop claims, the community's reputation has not been very favorable. According to Bitget's market data, BLAST is currently priced at $0.0258.

From being the center of attention at the beginning to now being rather quiet, how has Blast developed along the way? Here are 9 data charts to analyze.

Total Participants Exceed 1.56 Million, Daily Active Users Surpass 150,000

Blast launched its testnet in mid-January this year and officially started its mainnet on March 1. According to data from its official website, the total number of users has reached 1.56 million.

On the day of its mainnet launch, the daily active users exceeded 70,000, but then quickly declined. However, it soon began to rise again due to various incentive activities. By June 24, its daily active users had reached 150,000, doubling the number of daily active users at the time of the mainnet launch.

Total TVL Reaches a Historical High of $3.46 Billion

Although the Blast testnet went live in January this year, its staking was opened on November 21 last year, and the next day it surpassed $100 million in TVL. By November 24, it exceeded $400 million, and on December 2, it surpassed $667 million, becoming the third-largest Ethereum L2, second only to Arbitrum and OP. On December 26, its TVL broke the $1 billion mark.

It is worth mentioning that on February 25 this year, the TVL surpassed $2 billion, making Blast the fastest chain to reach $2 billion in TVL. In May, it reached a peak value of over $3.4 billion.

Cross-Chain Ethereum Exceeds 479,709 Tokens

According to Dune data, since the mainnet launch, the amount of ETH transferred through cross-chain bridges has reached 479,709 tokens, accounting for 62.25% of the total cross-chain volume, with stETH accounting for 26.81%, and USDC, USDT, and DAI together accounting for 10.94%.

Active Users at Launch of Ethereum Staking and Mainnet Were the Highest

The number of unique users saw significant growth after the opening of Ethereum staking at the end of last year and the mainnet launch in February 2024.

The cumulative number of new users after the mainnet launch quickly reached its peak.

TOP 10 Wallet Addresses Hold 20.87% of Total Funds

In the crypto world, major players are always present in airdrop activities. The largest holder of Blast has a single wallet address that accounts for 3.61% of the total Blast Holder funds. The top 10 Blast holders together account for 20.87% of the total Blast holders.

USDB Has Become the Fifth Most Used and Fourth Most Held Stablecoin

Blast is a chain with a native stablecoin. According to data from June 21, the 24-hour trading volume of USDB reached $115 million, with 217,000 holders, ranking fifth in terms of activity, and its total market cap has exceeded $400 million.

USDB and WETH Yield Rates Rank in the Top Three

In liquidity pools exceeding $40 million, USDB can achieve yields of 17.3% to 32.6% on Blast. WETH can achieve yields of 7.6% to 10.5% on Blast.

Native DApp Count Exceeds 75%

Most EVM chains are filled with similar applications, but Blast stands out with its native yield and gas fee revenue sharing, with the number of native DApps accounting for over 75%, far surpassing the other three major L2s.

Lending and Spot Trading Products Reached $500 Million TVL Within 4 Months

The spot trading protocol Thruster has become the seventh-largest DEX protocol, surpassing $500 million in TVL about 80 days after the mainnet launch, while another lending product, Juice, also reached $500 million in the same timeframe, now becoming the ninth-largest lending protocol.