Blast, an Ethereum-based Layer 2 Network, Attracts Attention with Massive Deposit

Blast, a newly launched Ethereum-based layer 2 network, is already gaining traction in the market after one unidentified whale deposited a massive 10,000 ETH to the network. The deposit was made on Wednesday this week, just two days after Blast went live in “early access” mode. Worth over $20 million in fiat terms by today’s price, the news of the massive on-chain transaction was shared on social media platform X by the popular community member Farokh.

“Some degen deposited 10,000 ETH into BLAST,” Farokh wrote, seemingly shocked that someone would deposit such a large amount on a newly launched blockchain project.

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