🚀 Blast blockchain, an Ethereum layer-2 network, experienced a massive $1.7B withdrawal within 24 hours of its launch! 😲 The network, which promised native yield on ETH L2, had accumulated over $2B in deposits before going live. Despite the outflows, some funds are moving within the ecosystem, potentially making Blast the third-largest L2 network on Ethereum.

🔍 Controversies arose over a 14-day waiting period for withdrawals and an exit scam involving $1.3M worth of Ether. Critics compared Blast's deposit-only bridge to a pyramid scheme, while others praised its scalability potential.

🤔 What are your thoughts on Blast's launch and the controversies surrounding it? Share your opinions in the comments below! 👇