Coinbase to List BLAST Token Following Major Airdrop

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As the cryptocurrency market continues to experience fluctuations, exchanges are constantly updating their listings.
Recently, Coinbase has garnered attention with its listing announcements.
The exchange has revealed its intention to include a prominent token that made its mark through an airdrop.

Stay updated with the latest developments in the crypto world as Coinbase sets the stage for a significant new listing.

Coinbase to List BLAST

Leading cryptocurrency exchange Coinbase has announced plans to list BLAST. The exchange indicated that trading would commence later today, given sufficient liquidity conditions. Additionally, Coinbase will label BLAST as an experimental asset. Once an adequate supply is secured, trading for the BLAST-USD pair will roll out in phases. The exchange conveyed the following statement:

Coinbase will add support for BLAST on the Blast network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and CoinbaseExch in the regions where trading is supported.

BLAST Token Reaches $3 Billion Valuation Post-Airdrop

Following a significant airdrop earlier this year, BLAST, a Layer-2 blockchain, has reached a diluted market cap of $3 billion, initially trading at roughly $0.03. According to Ambient Finance, the project distributed 17% of its native tokens to users scoring points through Ethereum (ETH) staking. Last year, BLAST introduced a one-way token bridge, allowing deposits but restricting withdrawals until the network was live. Between November and March, the project attracted $2.3 billion in deposits. CoinGecko reports that the blockchain currently holds a total value locked (TVL) of $1.62 billion, positioning it as the second-largest Layer-2 network, just behind Arbitrum.

Bitget Lists BLAST on Spot Market

Crypto exchange Bitget has announced the listing of BLAST tokens on its spot market, providing early access to high-potential projects. Listed under Bitget’s innovation zone, trading for BLAST tokens began at 18:00 Turkish Standard Time (TST) on June 26. This move aligns with Bitget’s strategy to support emerging DeFi ecosystems by listing trending projects during their token generation events (TGE).

An Overview of Blast.io: A Leading Layer-2 Blockchain

Blast.io is an Ethereum Layer 2 ecosystem offering native yields for ETH and stablecoins. Unlike other Layer-2 solutions, Blast.io provides a 4% return on ETH and 5% on stablecoins, sourced from ETH staking and Real World Asset (RWA) protocols. These returns are automatically redistributed to Blast.io users, enhancing their overall experience. By adopting EVM-compatible optimistic roll-up technology, Blast.io delivers higher base returns without compromising the expected functionality for users and developers. This robust yield potential paves the way for innovative and previously impractical business models for decentralized applications (DApps).

Conclusion

In summary, Coinbase’s listing of BLAST marks a significant development in the cryptocurrency market, reflecting the token’s impressive growth and potential. As exchanges like Bitget and Coinbase continue to support innovative projects, the DeFi ecosystem is poised for further expansion. Stay tuned for more updates as the crypto landscape evolves rapidly.