Deep Dive
1. Token Unlock Pressures (Bearish Impact)
Overview:
Blast faces a 2.08% token unlock (~$2.4M) on July 26, 2025, part of its vesting schedule. Historical precedents like Celestia’s 90% drop post-unlock (Cryptonews) highlight dilution risks.
What this means:
Increased circulating supply without proportional demand could extend BLAST’s -75% annual decline. Monitoring exchange inflows post-unlock is critical.
2. Protocol Evolution (Bullish Impact)
Overview:
Blast’s Phase 2 focuses on a vertically integrated ecosystem, including crypto-native wallets and improved dApp monetization (Blast Vision). The chain already hosts $2B in dApp TVL.
What this means:
Successful execution could attract developers and users, leveraging its native yield model. ETH staking yields (3.4%) and USDB stability might anchor utility-driven demand.
3. Regulatory & Market Sentiment (Mixed Impact)
Overview:
The SEC’s August 2025 endorsement of liquid staking buoyed L2 tokens like BLAST (+6.3% post-announcement). However, rising BTC dominance (57.87%) may cap altcoin rallies.
What this means:
Positive regulatory shifts could drive institutional interest, but macro rotations to Bitcoin may offset gains. Watch ETH’s performance – a break above $4K historically lifts L2s.
Conclusion
Blast’s price hinges on balancing tokenomics risks with ecosystem growth. While unlocks threaten near-term stability, Phase 2’s success could revive its -13.5% 90-day slump. Will the upcoming wallet launch offset July’s unlock-driven selling?