Alexander Mardar

The token will be used to attract more users to the platform and will offer additional rewards to long-term holders and stakers.

Despite relatively poor token performance, Blast is demonstrating strong traction, with 1.5 million users and 800,000 daily transactions.

They used substantial token holdings to pass a proposal withdrawing 5% of Compound Treasury for yield strategies. This move raised concerns as governance lost control of the treasury funds without clear returns, likely for the personal gains of a small group of people.

While the efficiency of airdrops is debated, they still play a pivotal role in the token distribution strategies of many crypto projects.

The project aims to attract large miners and key players in the Bitcoin ecosystem who need a hedging instrument to protect against Bitcoin fee volatility.

The project aims to offer a low-cost data availability solution and will be competing with other solutions developed by Celestia and EigenDA.

Insiders predict that Ethereum ETFs will attract around 20-25% of the inflows that Bitcoin ETFs garnered following their approval.

Despite the successful resolution, the incident once again highlighted the underlying centralization issues prevalent in Layer 2 blockchain networks.