Ahead of its scheduled launch time, Blast, an Ethereum Layer 2 network boasting a total value locked (TVL) of over $2 billion, has successfully rolled out its highly anticipated mainnet.
Originally slated for release at 1PM PT, the network went live a few hours ahead of schedule. Despite this, a community manager on the project’s Discord platform advises users to await an official announcement.
Nevertheless, DeFi traders have swiftly taken advantage of an unofficial bridge, flooding into memecoins newly launched on DYORSwap, a decentralized exchange aptly named for its “Do Your Own Research” philosophy. Etherscan data reveals that over 10,000 transfers have already been executed.
Among the array of freshly introduced memecoins, BlastCat (BCAT) emerges as the frontrunner, commanding a market capitalization of $13 million as of the latest update. According to DexScreener, the network has facilitated trading volumes exceeding $24 million.
It’s essential to highlight that the project team has yet to verify any specifics, hence engaging with unofficial contracts is strongly discouraged. The development of Blast is spearheaded by the creators of Blur, a prominent NFT marketplace renowned for its substantial trading volume.
Despite the successful launch, some users express discontent over the premature disclosure of launch information, airing their grievances on the project’s Discord channel.
