Blast L2 Protocol Launches Testnet and Developer Competition

On January 16, the second-layer solution Blast launched its test network, concurrently initiating a developer competition.

The Blast Testnet is OFFICIALLY LIVE

With it, the Blast BIG BANG competition officially begins.

Dapps can compete to get in front of 100k users & $1.3B in TVL, connect with top investors, and earn the Blast Airdrop. pic.twitter.com/Cajnmtxtd3

— Blast (@Blast_L2) January 16, 2024

The network’s total value locked exceeded $1.3 billion with 103,000 active wallets. Blast has become one of the largest L2 protocols, despite its invitation-only system.

The Big Bang competition aims to attract new developers to the project. From January 17 to February 17, teams can compete for a special airdrop.

Moreover, the winning applications will be integrated into the main Blast network at launch.

The competition will be judged by the project’s core developers and other representatives of the crypto industry.

Launched on November 22, Blast is a second-layer network based on Ethereum, offering a passive income of 4-5% annually. However, the protocol has so far lacked any infrastructure beyond an inter-network contract.

Following the launch, Blast’s founder, under the pseudonym Pacman, addressed community concerns and explained the method of achieving high returns on the platform.

Earlier, amid the project’s announcement and listing on the cryptocurrency exchange Binance, the token of the NFT marketplace Blur (BLUR), also founded by the co-founder of the farming service, surged by 88%.