Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

2025-05-21

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

2025-05-21

US Senate promotes genius law in the midst of dual support

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • 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 Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20
  • Learn

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Two major concerns from analysts
Blockchain

Two major concerns from analysts

2023-11-26No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum (ETH) veterans and DeFi analysts pointed out increasing risks associated with what is arguably TVL’s fastest-growing crypto network. The long-awaited 2024 airdrop may not be as generous as it seems, and the network itself may be exploiting the L2 story.

Explosion: Ethereum L2 or not?

Ethereum-based protocol Blast using the L2 label is the result of a trend to ‘market single-node chains as Ethereum L2s’. Co-founder of Arbitrum’s Offchain Labs, Steven Goldfeder, attributes this confusing status quo to the silence of the Ethereum (ETH) community.

This is funny, but also a sad reflection of the state of many misusing the term L2 for marketing/growth.

By staying silent while our friends and some of our most trusted brands marketed single-node chains as Ethereum L2s, we created a trend that has now grown much bigger.… https://t.co/snoYHJaOq2

— Steven Goldfeder (💙,🧡,🖊️,🦀) (@sgoldfed) November 22, 2023

As such, in many cases the story of T2 scaling is only used by projects to drive marketing and growth activities. Lately, this trend has “got a lot bigger” as the industry has created a monster.

Goldfeder commented on one of the promotional materials illustrating Blast’s technical solution. Blast developers emphasize that the product is better than Optimism and Arbitrum because dominant Ethereum L2s fail to offer native yield programs and share gas initiatives.

According to the Blast promo, they are both limited in the incentives for liquidity providers and contributors. Blast’s creators highlighted that the new product offers 10x more value compared to leading Ethereum L2s.

However, some analysts and developers believed that it should be described as a sidechain solution protected by a multi-sig contract. For example, one of the first Dune dashboards on Blast, created by 21 Shares, shows a disclaimer:

Note: Blast is not L2 yet, but they do allow users to deposit via a multi-sig contract.

Some other trackers, like L2Beat, listed Blast in the “upcoming” section. At the time of writing, the project has collected over $260 million in TVL, surpassing Starknet, Scroll, and Polygon zkEVM.

See also  Will the Conflict Between Israel and Iran Push Bitcoin Down Further? Analysts discuss

Blast airdrop math could disappoint farmers

As U.Today previously reported, the euphoria surrounding Blast could result in a liquidity crisis for Ethereum (ETH), as the first unlock will take place in February: savers will not be able to withdraw any coins for three months.

The majority of Blast liquidity providers are most likely interested in a retroactive airdrop. At the same time, a DeFi analyst who goes by @stacy_muur on Twitter compared the prospects of the Blast airdrop to some recent campaigns.

I don’t understand why you burp Blast.
Simple math ↓

In just two days, @Blast_L2 has collected 38,000 airdrop participants.

This number matches the number of users who received this week’s $PYTH airdrop, which was valued at $75 million.

On average, $PYTH farmers received $2,000 per wallet.…

— Stacy Muur (@stacy_muur) November 23, 2023

At current numbers, the average airdrop bonus could only be around $700, bringing the return ratio to a mediocre 10%.

Launched on November 21, 2023, Blast is promoting itself as the first Ethereum (ETH) L2 with native yield capabilities. It resumes all injected liquidity in Lido and in Maker’s T-bills program.

Source link

Analysts Concerns Major
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sahara AI launches Siwa Testnet to authorize decentralized AI builders

2025-05-21

Huiscommissie Press JPMorgan Chase, Bank of America to give Major Hong Kong Deal

2025-05-21

WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

2025-05-21

Adventure Layer is launched as First Gaming L2 on Berachain

2025-05-20
Add A Comment

Comments are closed.

Top Posts

Cardano aims to reclaim $0.28 – Is it feasible?

2023-08-20

Bitcoin [BTC]: Interest in Ordinals rises, but is FUD coming?

2023-04-28

‘Tomarket’ Telegram Game dumps TON for Aptos ahead of token launch and airdrop

2024-12-16
Editors Picks

Polkadot Celebrates 4 Year Anniversary with Unanimous Approval for JAM Upgrade

2024-05-27

Bahamas Students Win $10,000 Each in NFT Contest Sponsored by Snoop Dogg’s Son

2024-10-08

Brazilian Chess Competition to Transfer Winners NFTs

2023-05-10

Consensys’ Infura has partnered with Microsoft and Tencent for a DIN service

2023-11-17
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

US Senate promotes genius law in the midst of dual support

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

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

  • bitcoinBitcoin(BTC)$106,183.410.76%
  • ethereumEthereum(ETH)$2,520.87-0.59%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.34-0.53%
  • binancecoinBNB(BNB)$650.830.41%
  • solanaSolana(SOL)$167.81-0.02%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2253481.40%
  • cardanoCardano(ADA)$0.751.73%
  • tronTRON(TRX)$0.270205-1.12%
  • suiSui(SUI)$3.82-1.17%
  • chainlinkChainlink(LINK)$15.65-1.57%
  • avalanche-2Avalanche(AVAX)$22.460.55%
  • stellarStellar(XLM)$0.2875291.29%
  • hyperliquidHyperliquid(HYPE)$26.38-0.22%
  • shiba-inuShiba Inu(SHIB)$0.0000140.24%
  • hedera-hashgraphHedera(HBAR)$0.1949610.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.13%
  • bitcoin-cashBitcoin Cash(BCH)$395.881.41%
  • the-open-networkToncoin(TON)$3.04-0.39%
  • polkadotPolkadot(DOT)$4.641.15%
  • litecoinLitecoin(LTC)$94.981.62%
  • moneroMonero(XMR)$361.763.13%
  • bitget-tokenBitget Token(BGB)$5.13-0.63%
  • piPi(PI)$0.796.85%
  • pepePepe(PEPE)$0.0000133.02%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.184.28%
  • aaveAave(AAVE)$254.01-4.23%
  • bittensorBittensor(TAO)$414.32-1.50%
  • nearNEAR Protocol(NEAR)$2.76-0.70%
  • aptosAptos(APT)$5.12-0.52%
  • okbOKB(OKB)$51.90-0.40%
  • ondo-financeOndo(ONDO)$0.93-0.99%
  • kaspaKaspa(KAS)$0.109948-1.66%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.209.77%
  • ethereum-classicEthereum Classic(ETC)$18.400.44%
  • internet-computerInternet Computer(ICP)$5.220.05%
  • gatechain-tokenGateToken(GT)$21.520.52%
  • crypto-com-chainCronos(CRO)$0.096276-0.32%
  • mantleMantle(MNT)$0.740.37%
  • vechainVeChain(VET)$0.0282321.23%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229953-1.49%
  • render-tokenRender(RENDER)$4.61-0.44%
  • ethenaEthena(ENA)$0.3785581.15%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • algorandAlgorand(ALGO)$0.2241661.04%
  • arbitrumArbitrum(ARB)$0.393860-0.13%
  • cosmosCosmos(ATOM)$4.882.13%
  • bitcoinBitcoin(BTC)$106,183.410.76%
  • ethereumEthereum(ETH)$2,520.87-0.59%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.34-0.53%
  • binancecoinBNB(BNB)$650.830.41%
  • solanaSolana(SOL)$167.81-0.02%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2253481.40%
  • cardanoCardano(ADA)$0.751.73%
  • tronTRON(TRX)$0.270205-1.12%
  • suiSui(SUI)$3.82-1.17%
  • chainlinkChainlink(LINK)$15.65-1.57%
  • avalanche-2Avalanche(AVAX)$22.460.55%
  • stellarStellar(XLM)$0.2875291.29%
  • hyperliquidHyperliquid(HYPE)$26.38-0.22%
  • shiba-inuShiba Inu(SHIB)$0.0000140.24%
  • hedera-hashgraphHedera(HBAR)$0.1949610.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.13%
  • bitcoin-cashBitcoin Cash(BCH)$395.881.41%
  • the-open-networkToncoin(TON)$3.04-0.39%
  • polkadotPolkadot(DOT)$4.641.15%
  • litecoinLitecoin(LTC)$94.981.62%
  • moneroMonero(XMR)$361.763.13%
  • bitget-tokenBitget Token(BGB)$5.13-0.63%
  • piPi(PI)$0.796.85%
  • pepePepe(PEPE)$0.0000133.02%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.184.28%
  • aaveAave(AAVE)$254.01-4.23%
  • bittensorBittensor(TAO)$414.32-1.50%
  • nearNEAR Protocol(NEAR)$2.76-0.70%
  • aptosAptos(APT)$5.12-0.52%
  • okbOKB(OKB)$51.90-0.40%
  • ondo-financeOndo(ONDO)$0.93-0.99%
  • kaspaKaspa(KAS)$0.109948-1.66%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.209.77%
  • ethereum-classicEthereum Classic(ETC)$18.400.44%
  • internet-computerInternet Computer(ICP)$5.220.05%
  • gatechain-tokenGateToken(GT)$21.520.52%
  • crypto-com-chainCronos(CRO)$0.096276-0.32%
  • mantleMantle(MNT)$0.740.37%
  • vechainVeChain(VET)$0.0282321.23%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229953-1.49%
  • render-tokenRender(RENDER)$4.61-0.44%
  • ethenaEthena(ENA)$0.3785581.15%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • algorandAlgorand(ALGO)$0.2241661.04%
  • arbitrumArbitrum(ARB)$0.393860-0.13%
  • cosmosCosmos(ATOM)$4.882.13%