Blast, one of the Layer 2 projects in the Ethereum ecosystem, made a quick entry into the market after the airdrop.

Blast distributed tokens to users who accumulated points by staking Ethereum at the beginning of this year.

Distributed billions of tokens

During the highly anticipated airdrop organized by Blast, a total of 17 billion BLAST tokens were distributed. According to Parsec Finance data, 35% of the distributed tokens have already been claimed by users.

Blast token has a total supply of 100 billion. In the first phase of the airdrop, the project distributed 17% of the total supply.

In the first stage of the Airdrop, it was determined how much token each person will receive based on the amount of points accumulated by Blast users.

According to Blast's statements, 25.5% of the total BLAST supply will be transferred to main developers, 16.5% to investors, and 8% to Blast Foundation. The remaining portion will be used for the community again.

Entered the market quickly

According to Ambient data, the BLAST token entered the market with a price of 0.03 dollars per token. This gave it a diluted market value of 3 billion dollars.

Blast was criticized last year for opening a bridge that allowed users to deposit on the platform but did not allow withdrawals. Blast collected a total of 2.3 billion dollars in deposits between November and March.