Trending L2 token Blast (BLAST) now listed on Bitget: Details

Bitget, a mainstream crypto exchange, announced the listing of BLAST, a core native crypto of Blast.io layer-2 platform on Ethereum (ETH).

Crypto exchange Bitget has listed BLAST, a native token of the Layer 2 blockchain Blast.io, for Ethereum (ETH). The token is now available for trading in the Spot section of the exchange.

According to a press release shared with U.Today on June 27, Bitget users can now trade the hottest EVM cryptocurrency with deposits opening at 3:00 p.m. UTC on June 26, 2024.

Blast is touted as one of the first Ethereum L2s with a native yield for ETH and ERC-20 stablecoins. The Blast yield is generated through Ether staking and its utilization in RWA protocols, and the yield from these decentralized protocols is passed back to Blast users automatically.

While the default interest rate on other L2s is typically 0%, on Blast it is 4% for ETH and 5% for stablecoins.

Blast is an EVM-compatible Optimistic Rollup that increases the baseline yield for users and developers without altering the experience that crypto natives have come to expect. This yield makes it possible to create new business models for decentralized applications that may not have been feasible otherwise.

Blast was founded in Q4, 2023, by Tieshun “Pacman” Roquerre, the co-founder of Blur, the leading NFT marketplace.

In recent months, Blur managed to completely replace heavyweight OpenSea as the NFT aggregator with the highest trading metrics.

BLAST has been available in the Innovation Zone on Bitget since the onset of its operations.

Starting from 2023, Bitget has been listing promising and trending cryptocurrency tokens in its Innovation Zone module to offer enhanced accessibility to emerging DeFi ecosystems.

The inclusion of BLAST in Bitget's Spot helps users participate in the initial launch phases of trending low-cap tokens and be a step ahead of competitors’ audiences.

This initiative aligns with Bitget's broader expansion goals across its spot and various other trading corridors.

As covered by U.Today previously, Bitget listed Dymension’s token DYM in the Innovation Zone in February 2024.

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