On Feb. 27, the Blast team announced that the ecosystem had reached $2 billion in total value locked. It added that 157,638 community members are now earning yields and ‘Blast Points.’
The TVL milestone is remarkable because Blast doesn’t actually launch on mainnet until February 29.
Blast has reached $2 Billion in TVL.
157,638 community members are now earning yield + Blast Points.
Stay tuned for Mainnet, February 29! pic.twitter.com/qHUYTHhupg
— Blast (@Blast_L2) February 27, 2024
Its Been a Blast
Blast was announced in mid-November as the latest entrant to the already crowded Ethereum layer-2 market. It raised $20 million from crypto venture firms Paradigm and Standard Crypto.
However, Paradigm voiced concerns over Blast’s launch approach, disagreeing with its decision to launch a bridge before its L2 network and the choice to restrict withdrawals for three months.
The platform was also criticized by Jarrod Watts, a developer relations engineer at Polygon Labs. He expre
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