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Live BLAST/INR Price
₹ 0.0384
4.24%
Price Changes
₹ 0
4.24%
24h Low
₹ 0.0352
24h High
₹ 0.0401
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BLAST
Price
INR
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Blast is an Ethereum layer 2 network that introduces native yield, allowing users to earn yield just by holding certain cryptos in their wallets. It aims to improve revenue for network users and offers a 0% interest rate. Besides, the network provides high-speed transactions, low fees, and a seamless ecosystem for users and developers. The network is powered by its native token, BLAST.
Tieshun Pacman Roquerre, the creator of the NFT marketplace Blur, founded Blast in 2024.
• Low transaction costs: One of the most attractive features of the Blast network is its low fees, which makes it a network of choice for micro-transactions and frequent transfers.
• BLAST token: BLAST is the heart and soul of the Blast network, facilitating all transactions within the network. Users can also stake the token and participate in governance.
• High transaction speed: Being a layer 2 network leveraging optimistic roll-up technology, the Blast Network can handle a large volume of transactions per second (TPS) countering scalability issues on the Ethereum blockchain.
• Native yield: Blast provides native yield with a 4% interest rate on ETH deposits and 5% on stablecoins such as USDT, USDC, and DAI.
BLAST is a relatively new crypto having launched its mainnet only in February 2024. The BLAST token was airdropped on 26 June 2024, creating a splash in the crypto space. However, within minutes of the airdrop, many recipients sold their BLAST tokens, which led to a drop in price. The token has since remained bearish, but with the current uptrend in the crypto market experts anticipate the token to make strides and reach $0.029 by 2030.
You can trade in BLAST on CoinSwitch by downloading the app.
• BLAST can be exchanged, bought, or sold from a crypto exchange like CoinSwitch.
• The token can be staked to earn staking rewards.
• Token holders can also participate in network governance.
• BLAST powers the platform’s yield distribution system for ETH and stablecoins.
• Blast can process thousands of transactions per second at a lower cost.
• Blast enhances transaction efficiency and scalability on the Ethereum network.
• Blast provides 4% interest on ETH and 5% on stablecoins like USDC, USDT, and DAI simply by holding these coins in their wallets.
• BLAST is a relatively new crypto token prone to extreme volatility.
• As a new crypto, BLAST might take some time to gain widespread recognition and adoption.
• It faces strong competition from other established Layer 2 networks like Arbitrum and Optimism.
• To trade BLAST on CoinSwitch, download the app.
• You can start with just ₹100.
• CoinSwitch offers an easy-to-use platform suitable for traders of all levels.
BLAST was airdropped to the community on 26 June 2024. The Blast token launched at $0.025, valuing the Phase One airdrop’s 17 billion tokens at $430 million, with $354 million allocated to Blast users. The crypto garnered significant interest from venture capitalists, raising $20 million from investors such as Paradigm, Standard Crypto, and other notable crypto investors.
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1. What is the Blast (BLAST) coin?
Blast (BLAST) is a Layer 2 (L2) Ethereum scaling solution using optimistic rollup technology to provide faster, cheaper transactions while retaining Ethereum’s security.
2. How does Blast (BLAST) cryptocurrency work?
It works by bundling transactions off-chain and later verifying them on Ethereum’s mainnet, with additional features like EVM compatibility and native yield generation for passive income.
3. How do I use Blast (BLAST) crypto tokens?
BLAST tokens are used to pay for transaction fees, staking for yield, and securing the network, making them essential for interaction within the Blast ecosystem.
4. Is Blast (BLAST) a good investment?
Whether BLAST is a good investment depends on market conditions, technology adoption, and its ability to address scalability issues; due diligence is critical.
Highlight
Blast is a layer 2 network built on top of Ethereum that offers native yield for ETH and stablecoins.
BLAST Price Today
BLAST Price
₹0.0384
Price Change 24h
4.24%
Price Change 7d
29.26%
Market Rank
#564
Market Cap
₹255 Cr.
Trade Vol 24h
₹238 Cr
Circulating Supply
₹6,928 Cr. BLAST
Trading Activity
65% Buy35% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
