The around 180,000 Blast users have initially withdrawn $280 million from the network after its mainnet launch unlocked billions of staked crypto for the first time.
The Ethereum layer-2 Blast launched its mainnet on Feb. 29 at 9:00 pm UTC unlocking nearly $2.3 billion in staked crypto previously locked up on the network, with about $280 million making an initial exit .
The optimistic rollup blockchain scaler gives users up to 5% annual percentage yield on Ether (ETH) and stablecoins held on the network generated from staked ETH and United States Treasury Bills (T-Bills) managed by blockchain protocol MakerDAO.
Crypto sent to the network was locked in before the mainnet launch, giving its 180,000 users no way to withdraw sent funds until now.
