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Daily Brief

Blast's Big Moment

gm Bankless Nation, the stakes couldn't be higher for Blast's big airdrop tomorrow. Today, we've got the full rundown on $BLAST.
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Jun 25, 20243 min read
Blast's Big Moment
Published on June 25, 2024
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NEED TO KNOW
Solana's 'Blockchain Links'
  1. 🔗 Solana Debuts 'Blinks' Rich Social Embeds. Solana teams up with Dialect and leading wallets to ship a more seamless linking UX.
    Read more on Bankless.com
  2. 🆓 Assange Freed from Prison Following U.S. Plea Deal. The WikiLeaks founder is free after five years in a U.K. prison.
    Read more on Bankless.com
  3. 💸 Rep. Matt Gaetz Introduces Bill to Allow BTC Tax Payments. The GOP firebrand is the latest high-profile Republican to rally behind BTC.
    Read more on Bankless.com
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MARKET VIBES
Will Memes Bounce Back?

📸 Daily Market Snapshot: Crypto markets exhaled with a green day following Monday's selloff. The biggest winners? Memes. BRETT, WIF, PEPE, NOT, and BONK showcased double-digit gains for the day, though most are still far below their June highs.

Prices as of 6pm ET 24hr 7d
Crypto $2.29T ↗ 3.1% ↘ 2.6%
BTC $62,117 ↗ 3.4% ↘ 4.7%
ETH $3,411 ↗ 2.0% ↘ 1.8%
NEAR $5.45 ↗ 0.1% ↗ 14.7%

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New Token Rating: NEAR enjoyed a momentary AI surge but has fallen 35% off these highs. Can it build off of its recent rally?
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ANALYSIS
What to Know About Tomorrow's Blast Airdrop
Bankless Author: Jack Inabinet

It's almost... finally... just about here.

Ethereum’s Blast L2 has been one of the more innovative protocols when it comes to incentive models for bootstrapping deposits and user activity. They've been very successful thus far, enabling the network to accumulate over $2B in total value locked (TVL) and become the second-largest L2!

While Blast has transformed into a Goliath among L2s, the imminence of its airdrop – scheduled for tomorrow, June 26 – raises undeniable concerns about the network’s future in the aftermath of this much-anticipated event.

Today, we’re digging into what we know about the airdrop and unpacking the dilemma Blast faces in the post-drop battle to retain existing users and their capital! 👇


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TAKE ACTION
What We're Doing

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇

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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.