According to CoinDesk, Blast, a layer 2 blockchain, has distributed 17% of its native token supply to those who farmed points by staking ether earlier this year. The token was introduced at approximately $0.03, with an initial fully diluted market cap of $3 billion, as reported by Ambient Finance.
The project faced scrutiny last year when it launched a one-way token bridge that permitted users to deposit but not withdraw until the blockchain was operational. Between November and March, Blast attracted a total of $2.3 billion in deposits.
Currently, the blockchain has $1.62 billion in total value locked, making it the second largest layer 2 network after Arbitrum, as per data from CoinGecko.