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Blast went bust this week after its Phase One airdrop failed to reach anywhere close to expectations.
Early depositors saw minimal gains as the token debuted at a fully diluted value of around $2.2B instead of the projected $6-10B range. Just as concerning, and perhaps expected, the total value locked (TVL) on Blast's network dropped from $2.3B before the airdrop to $1.48B post-release.
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