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The Ethereum L2 protocol Blast, created by the NFT marketplace team Blur, continues to take strong steps with the increase in whale interest. In addition, Tieshun Roquerre, the founder of NFT Blur also known as “Pacman,” made statements regarding his newly launched L2 platform Blast, considering the concerns that emerged in the past hours.
Whale Leaves Everyone Behind
On-chain data expert Scope Protocol observed that an unknown fund or whale with the address ‘0x59a6’ deposited 15,000 stake Ethereum (stETH) worth $31.52 million into the Ethereum L2 protocol Blast. The mentioned address is currently the largest depositor in the Blast bridge.
However, Blast’s TVL did not exceed $460 million. Accordingly, Blast’s existence signifies a significant step in the Ethereum ecosystem and indicates the increasing interest in Layer 2 solutions.
Different approaches have been adopted in the crypto community towards Blast. Some community members claim that Blast is a non-functional L2. During this process, deposit transactions are generally made to Lido and Maker. Another group expresses that bridging to a chain that provides “risk-free return” and cannot bridge back is a crazy decision.
Blur & Blast Founder Addresses Concerns
In order to reassure investors, an announcement was made by the founder of Blur, Packman. In the statement, referring to the FUD concerning Blast’s invitation-based rewards, it was stated that the invitation system is not a new idea. On the contrary, it has been an established concept for some time.
While Blast continues to be the center of attention for whales, BLUR tokens have also experienced a rise after the second airdrop. As we previously reported, it was observed that 25 whales were accumulating BLUR tokens. As a result, it appeared that these tokens were mostly being staked since Blur NFT marketplace initiated staking for them.
Despite the difficulties, after the listing of BLUR by Binance, the world’s largest exchange, the BLUR price experienced a net increase of 30%. Within a week, the total value increase reached 90%. After whales made some profit, the price is currently trading at $0.59.
