Blast Network: Revolutionary Layer 2 Solution with Native Yield Generation

What is Blast Network?

Blast Network is a powerful Layer 2 scaling solution for Ethereum, designed to address Ethereum's scalability challenges by providing a more efficient and cost-effective alternative to the mainnet. This innovative network was created by the team behind Blur, a leading NFT marketplace on Ethereum catering to professional traders.

What distinguishes Blast is its ability to offer native yield for ETH and stablecoins through an automatic rebasing mechanism and partnerships with real-world asset protocols. This unique feature has generated significant community interest. Following its mainnet launch on February 29, 2024, the network achieved a Total Value Locked (TVL) exceeding $2.7 billion. As of writing, the network continues to evolve with a growing ecosystem of applications and users.

How Blast Network Works

Auto-Rebasing Technology

In Blast, native ETH (not WETH, STETH, or any other ERC20 token) undergoes native rebasing within the Layer 2 network. ETH balances in Externally Owned Accounts (EOAs) automatically adjust as a result of rebasing. Smart contracts can opt out of this feature, allowing existing dApps to integrate with Blast without modification.

Blast's native stablecoin, USDB, also undergoes auto-rebasing. Similar to ETH, USDB rebasing happens automatically for EOAs and smart contracts, with smart contracts having the option to opt out.

T-Bill Yield Generation

Users bridging stablecoins receive USDB, Blast's auto-rebasing stablecoin. USDB yield is powered by MakerDAO's on-chain T-Bill protocol. When bridging back to Ethereum, USDB can be exchanged for DAI. In the future, the Blast community will have the right to supplement or completely replace MakerDAO with solutions built on Blast or other third-party protocols.

Gas Fee Revenue Sharing

Unlike other Layer 2 solutions that retain revenue generated from gas fees, Blast programmatically distributes net revenue back to dApps. dApp developers can either keep this revenue or use it to subsidize gas fees for users.

Key Advantages of Blast Network

Native Yield Generation

Blast differentiates itself from other Layer 2 solutions by offering native yield on ETH and stablecoins. This unique feature is enabled through its innovative auto-rebasing mechanism. Initially, it leverages Ethereum Layer 1 staking yield, primarily through Lido for ETH, and converts bridged stablecoins to USDB, Blast's auto-rebasing stablecoin. Unlike traditional staking, users can earn interest simply by holding their ETH, USDC, and stablecoins in their wallet.

EVM Compatibility

Blast is fully compatible with the Ethereum Virtual Machine (EVM), making adoption straightforward for developers and users already familiar with the Ethereum ecosystem.

Enhanced Transaction Efficiency and Scalability

With its mainnet launch, Blast aims to significantly improve Ethereum's transaction efficiency and scalability. It addresses the high transaction fees and slow processing times that have resulted from Ethereum's popularity and widespread adoption.

According to industry data, Layer 2 solutions like Blast offer performance improvements that are crucial for mainstream adoption. In 2025 benchmarks, Layer 2 solutions demonstrate high throughput capabilities, reduced latency, and significantly lower transaction costs compared to Ethereum mainnet.

DeFi Innovation Hub

Blast is more than just another Layer 2 network. It serves as a hub for DeFi enthusiasts interested in exploring innovations. Early participants who deposited ETH to the wallet before the network launch are now reaping the benefits, including earning points for the subsequent BLAST token airdrop.

Blast Network Launched Airdrop for Early Users on June 26

The Ethereum Layer 2 network Blast conducted an airdrop for its early followers on June 26. The airdrop allocated 17% of the total token supply. Of this, 7% went to users who bridged Ether (ETH) or US Dollar Blast (USDB) to the network. Another 7% went to those who contributed to the success of decentralized applications (DApps) on Blast, while 3% was directed to the Blur Foundation for future airdrops to the community.

How to Connect MetaMask to Blast Network

Step 1: Ensure you have a MetaMask wallet with ETH to cover gas fees on the Ethereum network.

Step 2: Visit the official Blast website and locate the wallet connection section. Follow the instructions to connect your MetaMask wallet to the Blast network.

Step 3: Use the platform's bridge function to transfer assets from Ethereum mainnet to Blast. Select your asset, specify the amount, and confirm the transaction in your MetaMask wallet.

Step 4: Once your assets are on Blast, explore opportunities for staking ETH or stablecoins to earn yield or participate in ongoing airdrop campaigns for rewards.