Blast TVL Plunges Another 30% as Users Abandon the Network
Once the second-largest Ethereum Layer 2 (L2) network, Blast has fallen off significantly as users continue to flee the ecosystem for greener pastures.
The chain’s DeFi total value locked (TVL) peaked at $2.2 billion in June 2024, just a month before its highly anticipated token generation event (TGE). Blast’s TVL now stands at just $65 million, a 97% decline from its peak and a 30% drop over just the last month.
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