Blast Network's TVL and Daily Active Users Decline: DeFi Projects Should Focus on Community and Use Cases
Publication Time:2024-08-20 21:32:07
According to Jinse Finance, the Total Value Locked (TVL) of the Blast network has significantly declined by over 60% from its historical high of $2.3 billion in early June. As of August 5th, the value had fallen to $785 million, marking the lowest point in nearly half a year. Additionally, data shows that on August 18th, the daily user count for Blast was only 27,800, the lowest since the launch of the Blast network in late February. These figures indicate that the Blast network has encountered challenges during its growth phase and needs to focus more on community building and use case development. Analysis suggests that the growth of the Blast network was once driven by anticipated airdrops, but users' responses were mixed, particularly regarding the token claiming process and distribution mechanisms. Therefore, it is crucial for decentralized finance projects to ensure organic growth and prioritize community needs.
decentralized finance
Total Value Locked
Daily Active Users
Ecosystem Growth
Blast Network