According to DeFiLlama data, the total value locked (TVL) of Ethereum Layer 2 network Blast (BLAST) has dropped to approximately $67 million.
Blast peaked at $2.2 billion in TVL in June 2024. This represents a decline of approximately 97% for the project.
Another striking point is that both the official Blast account and founder Pacman’s Twitter account have not posted anything for more than three months.
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The BLAST altcoin has lost 16.79% of its value in the last week, falling to $0.002597. The token has fallen 99.5% since its $0.5223 high on June 26, 2024.
At the time of writing, BLAST’s total market capitalization is around $114 million, up from over $400 million at launch. Currently, there are approximately 44 billion BLAST tokens in circulation, out of a maximum supply of 100 billion.
Interestingly, the token is not traded on Binance, despite being listed on Coinbase and Bybit.
*This is not investment advice.