Blast Officially Launches Mainnet, Unlocking Over $2.3 Billion in Crypto Funds

Most funds remain within the network, moving to Blast's ETH Yield Manager amid mixed user reactions.

Blast, an Ethereum layer-2 scaling network, officially launched its mainnet, unlocking over $2.3 billion in crypto funds.
Despite initial confusion, most funds were not withdrawn but moved within the network to a new address associated with Blast's ETH Yield Manager.
The launch has been met with both enthusiasm and skepticism, with some users concerned about withdrawal delays and fees, and others excited about the potential for yield and airdrop rewards.
Blast has attracted significant attention and investment, promising native yield on ETH and stablecoin balances, and has become one of the most active layer-2 networks in terms of deposits.
Controversies and exit scams within the Blast ecosystem have raised concerns, but the platform remains a significant player in the Ethereum scaling space.