Last Updated: March 2026
Blast is an Ethereum L2 where your ETH and stablecoins earn yield natively — just by holding them on the chain. Created by the founder of Blur (NFT marketplace), Blast attracted $2B+ in deposits before even launching.
History
Created by Pacman (pseudonymous founder of Blur). Blast launched in early 2024 after a controversial invite-only deposit period that locked $2B+ before the chain went live. The BLAST token was airdropped to early depositors and users.
How Blast Works
- Native yield: ETH on Blast earns ~4% APY from Lido staking. Stablecoins earn ~5% from MakerDAO T-bill yields. This happens automatically — just holding assets on Blast generates yield
- Gas revenue sharing: dApps on Blast earn a share of gas fees their users generate
- OP Stack: Built on the same technology as Base and Optimism. See L2 guide
Tokenomics
BLAST: Governance token distributed to early depositors and dApp users. See tokenomics and airdrop guide.
Pros and Cons
- Pro: Native yield on ETH and stablecoins (unique L2 feature)
- Pro: Blur founder brings large user base and marketing skill
- Pro: Gas revenue sharing incentivizes dApp builders
- Con: Controversial launch (locked deposits before chain existed)
- Con: Yield depends on external protocols (Lido, MakerDAO)
- Con: Very crowded L2 market
Frequently Asked Questions
Is Blast safe?
Blast inherits security from its consensus mechanism. Smart contract risks exist on individual dApps, not the chain itself.
How do I use Blast?
Add Blast to your wallet (MetaMask for EVM chains), bridge or withdraw assets from an exchange, and interact with dApps.
Is Blast a good investment?
Evaluate based on ecosystem growth, developer activity, and competitive positioning vs other chains. See our altcoin guide.
