Blast is an Ethereum Layer 2 (L2) scaling solution that utilizes optimistic rollup technology to enhance transaction throughput and reduce fees while maintaining compatibility with the Ethereum Virtual Machine (EVM). A distinctive feature of Blast is its provision of native yield for both ETH and stablecoins, offering approximately 3.4% yield for ETH and 8% for stablecoins. These yields are generated through ETH staking and Real-World Asset (RWA) protocols, with returns automatically distributed to users, thereby enabling passive income without additional staking requirements.
The platform was developed by Pacman, the creator of Blur, a leading NFT marketplace on Ethereum. Blast aims to empower developers by introducing innovative building blocks such as native yield and gas revenue sharing, facilitating the creation of more competitive decentralized applications (DApps) and business models. This approach positions Blast as a versatile tool for developers seeking to innovate within the blockchain space.
Since its launch, Blast has experienced rapid growth, attracting significant total value locked (TVL) and fostering a diverse ecosystem of DeFi and gaming projects. Its unique features and developer incentives have contributed to its prominence as a promising player in the cryptocurrency landscape, offering both financial benefits and technological advancements to users and builders alike.
