Blast Total Value Locked (TVL) Hits $847 Million, Reports DefiLlama
blockchainreporter.net 07 August 2024 16:11, UTC The total value of assets locked in Blast stands at approximately $847 million, according to DefiLlama. However, Blast’s own site reports a higher figure, indicating over $1.4 billion in assets. This difference highlights the different methodologies used in calculating Total Value Locked (TVL) and underscores the growing interest in Blast’s ecosystem.
Top Blast Protocols by Total Value Locked
The total value of assets locked in @blast is around $847M, according to @DefiLlama (and over $1.4B according to #Blast site). Let’s compare the top protocols on Blast by current TVL in USD, including @ThrusterFi, @__ringprotocol,… pic.twitter.com/7Hx2WRgRKF
— TOP 7 ICO | #StandWithUkraine (@top7ico) August 7, 2024
Thruster Leads Blast Protocols with $204M TVL
By TVL, the top five protocols on Blast are led by Thruster, with $204 million in locked value. Thruster has become prominent due to its performance in the decentralized finance (DeFi) sectors. This makes it have a high TVL based on its performance in providing competitive returns and focusing on users.
The second is Ring Protocol with 191M TVL. It has become a popular app among the users who want to optimize their earnings in the context of Blast economy because of the app’s secure structure.
Juice takes the third position with $190 million TVL. Juice has simple and intuitive interfaces and facilitates quick transactions which are suitable for both the beginner and advanced users in DeFi. But it continues to pull in lots of assets because of its effectiveness and reliability in its processes.
The other major protocols are Particle with $126 million in locked tokens, Hyperlock with $114 million locked tokens, Wasabi with $95 million locked tokens. 1m. These protocols have defined their place within the Blast ecosystem where all of them offer extra utilities and rewards for various segments of the DeFi market.
DefiLlama Highlights Growth in Blast’s TVL with Diverse Protocols
Completing the list are Blitz with $27.8 million in TVL, Orbit with $25.5 million in TVL, Ambient with $23 million in TVL, and Synfutures with $20.1 million in TVL. All of these protocols make the Blast platform diverse and always evolving, giving users many chances to perform DeFi operations.
Data from DefiLlama shows how much value has been locked into the ecosystem of Blast to highlight how significant the platform is in the DeFi market. Ultimately, these protocols are expected to play a bigger part in the future of DeFi as the market progresses.
