2024-07-17
Blast, has announced reduction in
withdrawal times. They’ve halved the withdrawal period from 14 days to 7 days.
Blast users can now take 7 days to bridge between Blast and Ethereum Mainnet.
Blast has $1.348 billion in TVL, this
makes Blast the 7th largest blockchain by TVL.
This change comes after the Blast
development team monitored withdrawal activities for four months and concluded
that a shorter withdrawal time would be sufficient to handle nearly all
withdrawal activities.
Additionally, Blast has dropped ‘L2’
from its username on social platforms, signaling a shift in its branding and
possibly its future direction as a 'full-stack chain’.
This has led to some speculation about
Blast’s alignment with Ethereum and its role as a Layer-2 network.
Deposits from Ethereum to Blast will
continue to be processed quickly, within minutes, maintaining the network’s
efficiency for users.
However, it’s important to note that
while the standard withdrawal time is now 7 days, some withdrawals may still
take longer, although such instances are expected to be rare.
This update is likely to be
well-received by users who prioritize faster access to their funds and more
streamlined operations within the Blast ecosystem.
Blast also announces Phase 3 airdrop, users
have 72 hours to whitelist their wallets for next Foundation Airdrop. Phase 3 will
be starting on July 25.
