{"id":87984,"date":"2023-11-23T13:04:31","date_gmt":"2023-11-23T18:04:31","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/unidentified-whale-deposits-10000-eth-worth-20-million-in-new-blast-l2-project\/"},"modified":"2023-11-23T13:04:32","modified_gmt":"2023-11-23T18:04:32","slug":"unidentified-whale-deposits-10000-eth-worth-20-million-in-new-blast-l2-project","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=87984","title":{"rendered":"Unidentified Whale Deposits 10,000 ETH Worth $20 Million in New Blast L2 Project"},"content":{"rendered":"<div>\n<figure id=\"attachment_135871\" aria-describedby=\"caption-attachment-135871\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-135871\" class=\"wp-caption-text\">Source: Adobe \/ 2ragon<\/figcaption><\/figure>\n<p>Blast, a newly launched Ethereum-based layer 2 network, is already gaining traction in the market after one unidentified whale deposited a massive 10,000 ETH to the network.<\/p>\n<p>The deposit was made on Wednesday this week, just two days after Blast went live in \u201cearly access\u201d mode.<\/p>\n<p>Worth over $20 million in fiat terms by today\u2019s price, the news of the massive on-chain transaction was shared on social media platform X by the popular community member Farokh.<\/p>\n<p>\u201cSome degen deposited 10,000 ETH into BLAST,\u201d Farokh wrote, seemingly shocked that someone would deposit such a large amount on a newly launched blockchain project.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Some degen deposited 10,000 ETH into BLAST. \ud83d\ude33 <a rel=\"nofollow\" href=\"https:\/\/t.co\/GODo20RDTp\">pic.twitter.com\/GODo20RDTp<\/a><\/p>\n<p>\u2014 Farokh (@farokh) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/farokh\/status\/1727407049137385558?ref_src=twsrc%5Etfw\">November 22, 2023<\/a><\/p>\n<\/blockquote>\n<h2>Blast went live this week<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Blast was launched by Tieshun \u201cPacman\u201d Roquerre, who is also the founder of the non-fungible token (NFT) marketplace Blur, on Monday this week.<\/p>\n<p>According to an X post from the team behind the network, the plan is for Blast to become the first Ethereum layer 2 platform to introduce a built-in yield model.<\/p>\n<p>The project raised some $20 million in initial funding, and continued to see on-chain investments in excess of $55 million within hours of its launch.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Introducing Blast: The only Ethereum L2 with native yield for ETH and stablecoins.<\/p>\n<p>We\u2019ve raised $20m from <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/paradigm?ref_src=twsrc%5Etfw\">@Paradigm<\/a> and <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/standardcrypto?ref_src=twsrc%5Etfw\">@StandardCrypto<\/a> to build the L2 that helps you earn more.<\/p>\n<p>Details on how to get early access at the end of the thread\ud83d\udc47 <a rel=\"nofollow\" href=\"https:\/\/t.co\/AYYmK8YFx4\">pic.twitter.com\/AYYmK8YFx4<\/a><\/p>\n<p>\u2014 Blast (@Blast_L2) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Blast_L2\/status\/1726747087906464024?ref_src=twsrc%5Etfw\">November 20, 2023<\/a><\/p>\n<\/blockquote>\n<p>Ethereum-based layer 2 networks like Blast have become more popular in recent years, partly thanks to increased transaction fees and slower transactions speeds on Ethereum\u2019s base layer.<\/p>\n<p>According to a report from blockchain intelligence firm Messari from last month, layer 2 networks now account for nearly two-thirds of all Ethereum transactions.<\/p>\n<p>According to Kunal Goel, a research analyst at Messari, the increased adoption of layer 2 networks in the third quarter of this year is largely a result of the\u00a0growing adoption of Coinbase\u2019s layer 2 network Base.<\/p>\n<p>Since the launch of Base in August, it has lived up to its expectations with growing transactions and use cases and temporarily recording more activity than Ethereum\u2019s main network at one point.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/unidentified-whale-deposits-10000-eth-worth-20-million-in-new-blast-l2-project.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe \/ 2ragon Blast, a newly launched Ethereum-based layer 2 network, is already gaining traction in the market after one unidentified whale deposited a massive 10,000 ETH to the network. The deposit was made on Wednesday this week, just two days after Blast went live in \u201cearly access\u201d mode. Worth over $20 million in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":87985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-87984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Unidentified Whale Deposits 10,000 ETH Worth $20 Million in New Blast L2 Project | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Adobe \/ 2ragon Blast, a newly launched Ethereum-based layer 2 network, is already gaining traction in the market after one unidentified whale\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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