Key Insights
- Blast token airdrop distributed $415 million to users on its launch day.
- BLAST token price experienced a 7.7% drop shortly after release but remains relatively stable.
The airdrop of layer-2 blockchain Blast went live today, and users have 30 days to claim their tokens. The token BLAST has a total supply of 100 billion tokens, and 17% were earmarked for users in this initial airdrop. Considering the launch price of $0,0244, over $415 million was airdropped to users. Less than four hours after the launch, BLAST’s price has fallen by 7.7%, currently sitting at $0.02254. Although the token price seems to be holding relatively well when compared to recent airdrops, the total value locked (TVL) on Blast’s ecosystem fell by 23.7% in the last seven days.
The token distribution consisted of Blast point holders and Blast gold holders receiving 7% each of the distributed supply, and Blur Foundation users getting the remaining 3%. Notably, more airdrop rounds are set to happen, as BLAST tokenomics shows that 50% of the token supply will be distributed to the community. 
