Ethereum Layer 2 Blast to Launch Foundation This Week, Here’s Why
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 24 2024- Blast's Governance Transition to Foundation: Blast, an Ethereum Layer 2 network, is establishing a foundation to manage the protocol for more decentralized governance.
- Upcoming Token Airdrop: Blast is planning a token airdrop this week with details on token categorization and distribution.
- Blast’s Eligibility and Distribution Details: Users must hold Points or Gold in Externally Owned Accounts (EOAs) to be eligible for the airdrop, emphasizing a secure ecosystem.
- Adoption and Rankings: Blast has gained wide adoption in DeFi, ranking sixth with a TVL of $2.085 billion, indicating its potential in the Ethereum Layer 2 ecosystem.
- Platform Upgrade: Blast recently upgraded to support Binary Large Objects (blobs) for improved data storage and transaction processing capabilities, aiming to enhance user appeal and adoption.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
