{"id":26255,"date":"2025-08-19T20:17:05","date_gmt":"2025-08-19T17:17:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26255"},"modified":"2025-08-22T17:37:00","modified_gmt":"2025-08-22T14:37:00","slug":"blasts-layer-2-network-tvl-plummets-by-97-from-peak","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blasts-layer-2-network-tvl-plummets-by-97-from-peak\/","title":{"rendered":"Blast’s Layer 2 Network TVL Plummets by 97% from Peak"},"content":{"rendered":"

The total value locked (TVL) in the Blast Layer 2 solution has plunged from a record $2.2 billion to $67 million over the past year, a decline of 97%.<\/p>\n

\"TVL
TVL Blast. Source: DeFi Llama<\/a>.\u00a0<\/figcaption><\/figure>\n

The Blast project was launched in November 2023 by the founder of Blur, known by the pseudonym Pacman. Initially, the protocol lacked even a test network and offered users the chance to deposit coins for a passive yield of 4-5%. It now advertises an APR<\/span> of “up to 50%.”<\/p>\n

In July 2024, the protocol’s TVL reached its peak, only to rapidly decline following the airdrop of the native BLAST token<\/a>.\u00a0<\/p>\n

The BLAST token itself has shown a consistently negative trend since its launch. Initially priced at around $0.025, it now trades at $0.0025, a 90% drop.<\/p>\n

\"TVL
Weekly chart of BLAST\/USDT on Bybit exchange. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

The official Blast account on X has been inactive since May 2025. The last post<\/a> concerned a partnership with the Safe platform.<\/p>\n

No new posts have appeared on the founder’s page in the past three months.\u00a0<\/p>\n

Meanwhile, Pacman’s NFT marketplace Blur has led the segment over the past 30 days with trading volumes exceeding $150 million. Notably, the platform’s account has not posted on X since March.<\/p>\n

\"TVL
NFT marketplace rankings. Source: DappRadar<\/a>.<\/figcaption><\/figure>\n

Earlier in June, the team behind the L2 protocol zkLend on Starknet announced<\/a> its shutdown, citing a hack and the delisting of the LEND token from major exchanges.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The total value locked (TVL) in the Blast Layer 2 solution has plunged from a record $2.2 billion to $67 million over the past year, a decline of 97%.<\/p>\n","protected":false},"author":1,"featured_media":26256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Blast's TVL has dropped from $2.2 billion to $67 million, a 97% decrease.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1270,1179],"class_list":["post-26255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blast","tag-layer-2-solutions"],"aioseo_notices":[],"amp_enabled":true,"views":"184","promo_type":"1","layout_type":"1","short_excerpt":"Blast's TVL has dropped from $2.2 billion to $67 million, a 97% decrease.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26255"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26255\/revisions"}],"predecessor-version":[{"id":26257,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26255\/revisions\/26257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26256"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}