Blast, an Ethereum layer-2 scaling network from the founder of leading NFT marketplace Blur, launched its mainnet Thursday afternoon, finally unlocking billions of dollars’ worth of crypto funds that users had locked up in an effort to earn staking and airdrop rewards.

More than $2.3 billion had been staked into the bridge from the Ethereum mainnet to Blast, according to the Blast website just before the scaling network went online. Blast was revealed in November, alongside the bridge and rewards campaign.

The total had been rapidly climbing over the last few days, in part because traders were attempting to get their funds onto Blast to take advantage of a growing slate of projects that will launch on the network and airdrop tokens and rewards to early users.

In addition, the growing price of Ethereum in recent days helped grow the value of what had already been staked. Ethereum’s<

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Author: Andrew Hayward

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