Blast, an Ethereum Layer 2 network project, has experienced a dramatic downturn. DeFiLlama data reveals its Total Value Locked (TVL) plummeting to $67 million, down from a peak of $2.2 billion in June 2024, representing a staggering 97% decline. 🚨 This sharp decline coincides with the lack of communication from Blast’s founder, Pacman, who hasn’t posted on Twitter or official accounts for over three months. ⏳ The token itself has witnessed a notable 16.79% drop in just one week, reaching $0.002597 and a stark 99.5% drop from its high point on June 26th, 2024, which stands at $0.5223. 📈 Notably, Blast isn’t traded on Binance despite being listed on Coinbase and Bybit. 📍 This decline has been accompanied by a reduction in market capitalization from over $400 million at launch to roughly $114 million today. The current circulating supply of BLAST tokens is around 44 billion out of a maximum of 100 billion, emphasizing the significant change in the project’s trajectory. Despite these developments, it’s important to note that this does not constitute financial advice. **For more insights, continue reading.**