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Last claim checked November 12 FEEDRSSJSON

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12 November
5:00 am

Blast once attracted more than $2 billion in assets, partly through rewards offered to users depositing funds. That figure had fallen to approximately $32 million when developers announced the closure

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coindesk.com said this

5:00 am
Why this verdict View evidenceHide evidence
Why we checked itSpecific TVL figures for Blast at peak and at closure are verifiable and central to the narrative about the project's decline
What we foundBoth specific figures in CoinDesk's claim — Blast attracting more than $2 billion in assets via rewards/yield incentives, and TVL falling to approximately $32 million at the time of the shutdown announcement — are confirmed by multiple independent sources drawing on DeFiLlama primary data.
Sources checked
  • The Block (theblock.co) — independently confirmed $2B+ TVL pre-launch citing DeFiLlama; also confirmed ~$32M TVL at shutdown time citing DeFiLlama.
  • CryptoPotato — independently confirmed $2B TVL milestone from Blast's own announcement.
  • FXStreet — independently confirmed $2B+ TVL citing DeFiLlama ($2.157B on Feb 27, 2024).
  • Chaincatcher — confirmed $32M TVL at shutdown, citing data as of October 2026.
  • MoneyCheck — confirmed both figures citing DeFiLlama as primary data source.
  • DeFiLlama — primary/authoritative on-chain data source cited by all outlets for both figures.
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