BLAST Price

BLAST (BLAST) is a Layer 2 cryptocurrency built on Ethereum that launched in 2024. It's an optimistic rollup solution designed to provide native yield for depositors, essentially offering 'passive income' through its unique architecture. Currently ranked #402 with a price of $0.002839, BLAST has seen a -3.32% change in the last 24 hours. BLAST operates on its own platform and features a total supply of 100B BLAST with 42.5B BLAST currently in circulation. It's part of the Ethereum ecosystem and focuses on maximizing yield opportunities that other Layer 2 networks haven't fully explored. Key features include Ethereum compatibility, optimistic rollup technology for scalability, and native yield generation. The project is backed by notable investors including Paradigm, Standard Crypto, and eGirl Capital. Trading volume in the past 24 hours reached $1.21M with a market capitalization of $120.65M.

BLAST was created in February 2024. It was launched as a Layer 2 project by the founders of Blur. The mainnet of BLAST went live in February 2024, marking its official entry into the cryptocurrency ecosystem. Since its launch, BLAST has positioned itself as an innovative solution in the Ethereum ecosystem, focusing on Layer 2 scaling technology.

BLAST was founded by Tieshun Roquerre and his team. Tieshun Roquerre is the primary founder and has been actively involved in defending the platform against various criticisms. The project launched in 2024 after successfully raising $20 million from notable investors including Paradigm and Standard Crypto. Roquerre has a background in blockchain development and has been instrumental in shaping BLAST's vision as a Layer 2 solution in the Ethereum ecosystem.

BLAST operates as a Layer 2 solution on the Ethereum blockchain using optimistic rollup technology. This allows BLAST to process transactions faster and with lower fees while maintaining Ethereum's security. What makes BLAST unique is its native yield feature, which automatically generates returns for ETH and stablecoins held on the platform without requiring traditional staking mechanisms. The BLAST ecosystem includes a dedicated blockchain explorer, developer tools, and integration with various DeFi applications. With a current price of $0.002839 and market cap of $120.65M, BLAST ranks 402 among cryptocurrencies. The total supply is capped at 100B BLAST, with 42.5B BLAST currently in circulation. BLAST also features a modular blockchain design that enhances scalability and efficiency. The project is backed by notable investment firms including Paradigm, Standard Crypto, and eGirl Capital, providing strong institutional support for its continued development and adoption in the Web3 space.

BLAST operates on a Layer 2 (L2) architecture built on top of Ethereum. Its technical foundation leverages the Optimistic Rollup technology, which processes transactions off the main Ethereum chain while maintaining security through the parent network. The key technical components include: 1. Native yield-bearing assets that automatically generate returns 2. Rebasing ETH mechanism that transfers staking yields from L1 to L2 3. Gas optimization features that reduce transaction costs 4. EVM compatibility for seamless integration with existing Ethereum tools BLAST's architecture became possible following Ethereum's Shanghai upgrade, allowing it to capture and distribute staking yields to users through its innovative rebasing mechanism. The protocol uses a modular design that separates execution, settlement, and data availability layers for improved scalability. The system also incorporates programmable yield features that allow developers to build applications that automatically capture returns, creating a more capital-efficient ecosystem compared to traditional L2 solutions.

BLAST has an ambitious roadmap focused on expanding its Layer 2 ecosystem. In 2025, the team is prioritizing scalability improvements and developer tools to enhance the network's transaction throughput. By 2026, BLAST plans to implement advanced rollup technology and cross-chain interoperability features. The 2027 roadmap includes native yield-generating mechanisms and expanded DeFi functionality. Currently ranked 402 with a price of $0.002839, BLAST aims to become a leading Ethereum Layer 2 solution by 2030. The project has strong backing from Paradigm, Standard Crypto, and eGirl Capital, suggesting continued development support. With its total supply of 100B BLAST and current circulating supply of 42.5B BLAST, BLAST is positioned for potential growth as adoption of its ecosystem increases.