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Pacmoon
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Blast Network Faces Sharp Decline in TVL and User Activity Amid Airdrop Fallout 😱 #Blast , an Ethereum layer 2 network, has seen its Total Value Locked (TVL) drop 62% from its peak, plunging from $2.3 billion to $785 million after a June airdrop. Despite recovering $100 million, liquidity struggles continue. Daily active users also fell to a six-month low of 27,800 by August 18, far below rivals like #Base and Arbitrum. The decline stems from mixed reactions to the airdrop, a lack of community focus, and dissatisfaction from projects like #Pacmoon , which is now moving to Solana. If you enjoy my content, feel free to tip me ❤️ #Binance #crypto2024
Blast Network Faces Sharp Decline in TVL and User Activity Amid Airdrop Fallout 😱

#Blast , an Ethereum layer 2 network, has seen its Total Value Locked (TVL) drop 62% from its peak, plunging from $2.3 billion to $785 million after a June airdrop.

Despite recovering $100 million, liquidity struggles continue. Daily active users also fell to a six-month low of 27,800 by August 18, far below rivals like #Base and Arbitrum.

The decline stems from mixed reactions to the airdrop, a lack of community focus, and dissatisfaction from projects like #Pacmoon , which is now moving to Solana.

If you enjoy my content, feel free to tip me ❤️

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#crypto2024
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