What is Blast (BLAST)?

Deep Dive

1. Purpose & Value Proposition

Blast solves two core challenges in decentralized finance: idle capital and developer sustainability. By automatically generating yield on ETH and stablecoins (via ETH staking and MakerDAO’s RWA protocols), it turns user holdings into productive assets. For developers, features like gas fee rebates and airdrop rewards (Blast Gold) create economic incentives to build on the chain, addressing the "cold start" problem common in L2 ecosystems (CoinMarketCap).

2. Technology & Architecture

As an EVM-compatible optimistic rollup, Blast batches transactions off-chain before settling them on Ethereum, reducing fees and congestion. Its native yield is embedded at the protocol level, meaning users earn passively without manual staking. However, its reliance on a 3-of-5 multisig for upgrades raises centralization concerns (Crypto.com).

3. Tokenomics & Governance

BLAST’s 100 billion token supply allocates 50% to community incentives, 25.5% to core contributors, and 16.5% to investors. Holders govern protocol upgrades, fee structures, and treasury allocations, though early-stage control remains concentrated among founders.

Conclusion

Blast reimagines Layer 2s as yield-generating ecosystems rather than mere scalability tools. Its integration of passive income and developer incentives could reshape how users and builders interact with Ethereum. Can Blast’s economic model sustain growth amid fierce L2 competition?