The Block Pro: BLAST’s poor performance may indicate that the market’s interest in airdrops is beginning to wane

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MarsBit
07-04
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According to data disclosed by The Block Pro, the total locked value (TVL) of L2 fell by 8.8% in June, but trading volume increased by 7.8%, indicating that user activity is still increasing despite the decline in crypto asset prices and possible capital outflows. L2's Gas expenditure increased by 19.2%, but L2 operators' revenue decreased, indicating that the low Gas price is due to competition. The price of Blast's governance token BLAST fell sharply after its launch on June 25, 2024, indicating that the market's interest in airdrops may be waning.

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