Crypto News

Blast L2 Achieves Significant Milestone With $1.1 Billion TVL

Blast, an upcoming Ethereum layer 2 platform, is generating buzz following its exclusive early access event, anticipating a public launch of the completed platform in February 2024.

Recent data from Spotonchain indicates a major milestone for Blast_L2, reaching a total value locked (TVL) of $1.1 billion.

A substantial amount, equivalent to 477,000 ETH ($1.15 billion), has been deposited into Blast, with funds set to remain locked until February 24, 2024.

Notably, the top 20 depositors contributed 162.5K ETH ($391 million), comprising 34% of the overall deposited amount.

33,400 ETH Withdrawn From Binance

Whales with the addresses 0xd25 and 0xf73, likely the same entity, executed significant transactions by withdrawing a total of 33,400 ETH ($75.2 million) from Binance over the past 10 days.

Subsequently, they deposited these funds into Blast, securing the top two and three positions among depositors.

The Blast L2 platform continues to gain momentum as it approaches its official launch date. The notable TVL achievement underscores the community’s interest and confidence in the platform’s capabilities.

With the involvement of major depositors and strategic moves within the ecosystem, Blast L2 positions itself as a key player in the evolving landscape of Ethereum layer 2 solutions.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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