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The price of the Blast token fell more than 6% on Wednesday after developers distributed 17% of its supply to users who collected points by staking ether earlier this year. After opening at $0.30, the token fell to $0.025 as some holders exited their positions.
according to Queen GekkoBlast now has a market cap of more than $385 million and a fully diluted valuation of $2.2 billion. The network will have a maximum supply of 100 billion tokens, of which 17.16 billion tokens are now in circulation. according to plasticscanThere are now 54,341 BLAST token holders, a number that is expected to continue to grow.
Blast has grown to become the sixth largest blockchain in the industry by total value locked (TVL). Data collected by DeFi Llama shows that the network has 128 DeFi applications and a TVL of over $1.6 billion. There are $4.4 billion worth of stablecoins in the ecosystem.
The best players in the explosion
Some of the best players in Blast are Thruster, Juice Finance, Hyperlock Finance, Ring Finance, and Renzo. Blast gained such popularity due to its points system that allows users to earn points when they transact on the network. This makes it the only EVM chain with a native yield of ETH and stablecoins.
Blast joins other leading platforms that have launched their own airdrops this year. Not a currencyTelegram Cryptocurrency, a platform for making money by tapping on Telegram, was launched in May and has a market capitalization of more than $1.5 billion.
Other notable airdrops this year include the likes of Wormhole, zkSync, Zeta Markets, and Layer Zero. Most of these tokens fell after the airdrops, but then crawled back up as cryptocurrencies stabilized.
The next airdrops to watch closely will be EigenLayer, TapSwap, and Hamster Kombat. EigenLayer is the largest cashback platform on Ethereum while TapSwap and Hamster Kombat are the largest tap-to-earn platforms on Telegram.
