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Few projects have seen as much criticism and controversy as Blast this cycle.
Soon after going live, complaints from depositors started populating Twitter about the opportunity cost of locking their ETH for the airdrop. Effects of this could be seen immediately after launch, with TVL dipping substantially before recovering. Then, the Munchables NFT project hack came not a month after going live, throwing the network into an existential crisis over the $64M hack (though funds were later returned). Still, Blast has carried on, attracting a handful of quality projects to promote the network as an exciting and experimental DeFi hub for crypto-natives.
As we approach May, the fated month when Blast will conduct its airdrop, checking in with the ecosystem proves important to see whether the network built a strong enough hub that will continue to grow following the airdrop or fade into the background.
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