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News Explorer — Blast, an Ethereum Layer-2 Scaling Network, Launches and Unlocks Billions in Funds

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Feb 29, 10:01 pm
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Blast, an Ethereum Layer-2 Scaling Network, Launches and Unlocks Billions in Funds

Blast, an Ethereum layer-2 scaling network, has launched its mainnet, allowing users to unlock billions of dollars' worth of crypto funds that were previously locked up for staking and airdrop rewards. Over $2.3 billion had been staked into the bridge from the Ethereum mainnet to Blast before the launch. Despite some controversy surrounding the launch, Blast aims to compete with other Ethereum scalers like Arbitrum and Optimism.

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