• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

    2025-07-22

    Salty No-Coiner Hates Bitcoin

    2025-07-22

    Bull Run Kickoff – Bitcoin and Crypto Set to Soar

    2025-07-22

    Something BIG is About To Go Down…Got Bitcoin?

    2025-07-22

    More Proof That Crypto Altcoin Season Started

    2025-07-21
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»DeFi»Blast L2 TVL Over $830 Million, Upgrade Announced by Paradigm
DeFi

Blast L2 TVL Over $830 Million, Upgrade Announced by Paradigm

2023-12-09No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

A novel farming project Blast, which has already amassed over $830 million in deposits, is working together with its key investor Paradigm to get rid of controversial narratives. Here’s how they are planning to do it.

Blast L2 undergoes major upgrade “to set better precedent,” Paradigm’s Dan Robinson says

Cryptocurrency veteran Dan Robinson, general partner and the head of research at heavyweight crypto VC Paradigm, announced an advancement in Blast’s technical design. The protocol will migrate to a new upgrade system next week, he said on X yesterday, Dec. 8.

To set a better precedent for future projects who may try to emulate them, we worked together with Blast to design a new timelocked upgrade system that they will upgrade to next week. The code is open sourced here and free for anyone to use.https://t.co/vCUgHsYozM

— Dan Robinson (@danrobinson) December 8, 2023

The new time-locked upgrade system is open source from the onset and can be used by projects interested in “emulating” Blast, he stressed. Robinson attached two GitHub Gist links with the updates to the LaunchBridge.sol contract.

In particular, the withdrawAndLosePoints function is affected. As explained by Paradigm’s GP, the upgrade is aimed at “setting a better precedent.”

As covered by U.Today previously, Blast was criticized for abusing the L2 narrative, promoting a “single-node sidechain” as an Ethereum-based rollup.

Blast TVL goes through roof: Fastest-growing L2?

Also, its tokenomical design was slammed for the uncertain rewards the majority of liquidity providers are attracted by.

However, criticism fails to prevent Blast from reaching new highs in terms of total value locked (TVL). By press time, LPs injected over $838 million in equivalent in USDC, DAI and Ethereum (ETH), as displayed by the DefiLlama tracker.

See also  Latin American Crypto Exchange Ripio Unveils DeFi Credit Card With Visa

Largely, this sum was injected in the first days of Blast’s public beta launch. In its Dune Analytics dashboard, crypto investor 21Shares displays Blast as the fastest-growing network, stressing that it cannot be treated as a second-layer scaling solution:

Note: Blast is not an L2 yet but they have started allowing users to deposit via a multi-sig Contract

DefiLlama also listed Blast as a yield farming app, not as a separate L2 blockchain on Ethereum (ETH).

announced Blast Million Paradigm TVL Upgrade
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Set to Blast Off

2025-06-25

Surging Stables Fuel Bitcoin Blast

2025-06-20

They Make $727 MILLION a Month in Bitcoin — INSANE Model

2025-06-02

US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree

2025-05-30
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

NFT Marketplace Magic Eden Temporarily Halts Bitcoin BRC-20 Trade

2023-10-22

Community-centric NFT marketplace Magic Eden recently announced its decision to temporarily halt Bitcoin BRC-20 trading…

Videos

PEPE COIN PRICE PREDICTION | New PEPE Alternative Discovered??!

2025-05-09

Buy Mind of Pepe Token – https://99bitcoins.care/b_MindofPepe_99BTC – Download The Best Non-Custodial Crypto Wallet of…

Regulation

Coinbase Executives Meet With SEC To Discuss Ethereum ETF, Argue ETH Spot Market Shows Resilience to Fraud

2024-03-09

Coinbase executives are meeting with the U.S. Securities and Exchange Commission (SEC) to support the…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

Something BIG is About To Go Down…Got Bitcoin?

2025-07-22
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 115,553.96
ethereum
Ethereum (ETH) $ 3,594.43
xrp
XRP (XRP) $ 3.07
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 756.98
solana
Solana (SOL) $ 177.38
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.224655
staked-ether
Lido Staked Ether (STETH) $ 3,583.96
tron
TRON (TRX) $ 0.311531
bitcoin
Bitcoin (BTC) $ 115,553.96
ethereum
Ethereum (ETH) $ 3,594.43
xrp
XRP (XRP) $ 3.07
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 756.98
solana
Solana (SOL) $ 177.38
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.224655
staked-ether
Lido Staked Ether (STETH) $ 3,583.96
tron
TRON (TRX) $ 0.311531