Ethereum-Based Blast Network Set to Distribute 17 Billion BLAST Tokens in Major Airdrop
The Ethereum layer-2 network Blast is set to launch a major airdrop on June 26, distributing 17% of its total token supply to early adopters and contributors. This airdrop, referred to as "Phase 1", will see 7 billion BLAST tokens allocated to the community.
The tokens will be distributed as follows:
- 7% to users who have bridged either Ether (ETH) or US Dollar Blast (USDB) to the Blast network
- 7% to users who have contributed to the success of decentralized applications (DApps) on Blast
- 3% to the Blur Foundation for future airdrops to its community
The top 1,000 wallets, ranked by points, will have their airdrop tokens vested linearly over a six-month period, implying they cannot sell all their tokens immediately.
The Blur Foundation plans to distribute its share of the tokens to traders and holders who have used or will use its platform[3]. 1% of the total supply will go to traders and holders in Season 3, 0.5% in Season 4, and another 0.5% is reserved for future use.
According to blockchain analytics platform L2Beat, Blast is currently the fourth largest Ethereum layer-2 network in terms of total value locked (TVL), which has grown to over $2.9 billion since its launch in November 2023.
The airdrop tokens will be claimable starting at 10 am ET (2 pm UTC) on June 26.