To everyone who bought at the peak in 2024, please accept our apologies 🤧 $ETH
Post
BlueTokenCapital
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BearishFROM $2.2B TO ~$32M.
Blast didn’t just lose TVL.
It lost the illusion that incentives = sustainable demand.
$2B+ came in when yields were hot, points were hot, and everyone wanted to believe the next big L2 had arrived.
Then the incentives faded.
And so did the money.
Now Blast is winding down the L2.
That’s the brutal part of crypto:
Liquidity doesn’t owe you loyalty.
People call it “community” when money is flowing in.
When the yield disappears, you find out how much of that community was actually there for the network.
$2.2B → ~$32M.
98%+ gone.
The market didn’t kill Blast.
The market simply stopped subsidizing the illusion. 🥶
$BTC $ZEC $LSK
Blast didn’t just lose TVL.
It lost the illusion that incentives = sustainable demand.
$2B+ came in when yields were hot, points were hot, and everyone wanted to believe the next big L2 had arrived.
Then the incentives faded.
And so did the money.
Now Blast is winding down the L2.
That’s the brutal part of crypto:
Liquidity doesn’t owe you loyalty.
People call it “community” when money is flowing in.
When the yield disappears, you find out how much of that community was actually there for the network.
$2.2B → ~$32M.
98%+ gone.
The market didn’t kill Blast.
The market simply stopped subsidizing the illusion. 🥶
$BTC $ZEC $LSK
