What Blast does

Blast is an Optimistic Rollup-based Layer 2 network on Ethereum, founded in 2023 and operating as a private company with 11-50 employees. Its core architectural differentiator is native yield as a primitive: ETH and stablecoins bridged to Blast automatically earn yield without requiring manual staking or DeFi interaction. The platform is EVM equivalent, enabling developers to deploy existing dapps, smart contracts, and tooling (Hardhat, Foundry) without modification, while gaining access to new revenue mechanisms including programmable gas fee revenue sharing and automatic yield configuration via the IBlast interface.

Blast serves two primary customer segments: Web3 developers building dapps who want novel revenue streams beyond transaction fees, and crypto/DeFi users seeking higher yields on ETH and stablecoin holdings than Ethereum mainnet offers. The go-to-market is product-led growth combined with community-driven developer engagement, with no traditional sales motion; users onboard themselves through a web bridge interface, mobile app, or via fiat onramps including Visa, Mastercard, PayPal, Apple Pay, Google Pay, Coinbase, and Binance.

Blast's revenue mechanics are not publicly disclosed. The platform's economic model is built on transaction fees (gas) and yield spreads on bridged assets, but gas fee revenue is largely programmable and can be claimed by developers, while yield is largely passed through to users (default 0.7% on USD, 4.6% for BLAST holders on the website). Blast raised at least $25M in venture funding from Paradigm, Standard Crypto, eGirl Capital, and CGV, and has been actively deploying capital as an ecosystem investor into startups across space tech, quantum computing, fintech, and AI infrastructure, suggesting significant treasury capacity beyond operating revenue.

Name

Blast

Website

https://blast.io

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Blast is an Optimistic Rollup-based Ethereum Layer 2 network that offers native yield on bridged ETH and stablecoins and shares gas fee revenue with dapp developers, serving self-serve crypto users and Web3 developers globally.

Ownership category

akta.pro rank

Product category

Layer 2 Blockchain Infrastructure

akta.pro primary industry

Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG)

akta.pro secondary industries

Yield Aggregators & Strategy Vaults (FSADAMAF), DAO Treasury, Governance & On-Chain Finance Tools (FSADAMAL)

Keywords

• Layer 2 blockchain
• Optimistic rollup network
• Ethereum scaling solution
• DeFi yield platform
• EVM compatible infrastructure

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Gas Fee Revenue: Developers can earn gas fee revenue through the IBlast interface. Gas fees generated by transactions on Blast are programmable and can be claimed by developers or used to subsidize user fees.
2. Yield Monetization: Dapps can monetize user deposits through yield generation. With automatic yield configuration, contracts earn yield on balances held.
3. Yield Spread: Platform generates yield through ETH and stablecoin deposits. Yield is distributed to users (0.7% default for USD, 4.6% for blast holders) with spread retained by platform.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Blast is an Optimistic Rollup-based Ethereum Layer 2 network that provides native yield on bridged ETH and stablecoins. It offers an EVM-equivalent environment where developers can deploy dapps without new tooling, earn gas fee revenue programmatically, and access a developer airdrop. End users bridge assets via a web interface or mobile app to automatically earn yield, with default rates of 0.7% on USD and 4.6% APY for Blast holders.

Product overview

Blast is a single unified Layer 2 Ethereum solution offering native yield for ETH and stablecoins. The core offering centers on the Bridge for depositing funds and earning automatic yield, with developer-facing features including the Developer Airdrop (50% of total airdrop allocation), programmable gas fee revenue sharing, and EVM-equivalent deployment compatibility. Blast Mobile provides the mobile interface for end users to access yield-earning accounts.

Differentiator

Problem solved

Functional benefit

Products and services

• Blast Layer 2 Network An Optimistic Rollup-based Ethereum Layer 2 network that is EVM equivalent, enabling developers to deploy existing dapps without modification while offering native yield on bridged assets and programmable gas fee revenue sharing.
• Blast Bridge Web-based bridge interface allowing users to deposit ETH and stablecoins from other chains to Blast Layer 2, automatically earning native yield and accumulating Blast Points based on bridged amounts.

Quantifiable outcome

• 0.7% default yield on USD, 4.6% APY for blast holders
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• QuickNodecoreTechnology or IntegrationInfrastructure partner providing node services for the Blast network. QuickNode is a blockchain infrastructure platform.
• The GraphcoreTechnology or IntegrationInfrastructure partner for indexing and querying blockchain data on Blast. The Graph is a decentralized indexing protocol.
• AnkrcoreTechnology or IntegrationInfrastructure partner providing RPC and node services for Blast network.
• PythcoreTechnology or IntegrationInfrastructure partner providing oracle data feeds for Blast dapps.
• ConduitcoreTechnology or IntegrationInfrastructure partner for deploying L2 chains on Blast network.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Optimism: Optimism is the leading Ethereum Optimistic Rollup L2 that pioneered the OP Stack. Blast uses the same Optimistic Rollup architecture, directly competing for dapp developers, users, and TVL in the same product category.
• Arbitrum: Arbitrum is the largest Optimistic Rollup L2 by TVL with deep dapp ecosystem maturity. Blast competes head-to-head for DeFi users and dapp deployments in the same Optimistic Rollup category.
• Base: Base is a Coinbase-backed L2 built on the OP Stack targeting consumer apps and DeFi. It directly competes with Blast for the same developer and user pools, with significant distribution advantages via Coinbase.
• Mantle: Mantle is an L2 that also offers native yield through its treasury, making it the closest direct competitor to Blast's yield-primitive thesis. Both target yield-seeking DeFi users with similar value propositions.
• Linea: Linea is a ConsenSys-supported L2 (ZK Rollup) competing for Ethereum dapp developers. While technically different (ZK vs Optimistic), it competes for the same developer mindshare and DeFi liquidity.
• Metis: Metis is an Optimistic Rollup L2 with its own ecosystem and sequencer decentralization roadmap. It competes with Blast in the same Optimistic Rollup category for DeFi users and dapp developers.

Emerging players

• Mode: Mode is an OP Stack L2 that built native yield into its sequencer economics. It overlaps with Blast on yield-bearing primitives but targets a smaller developer ecosystem.
• zkSync: zkSync is a ZK Rollup L2 with EVM compatibility targeting the same dapp developer audience as Blast, with potential technical advantages in withdrawal times that could pressure Blast's Optimistic Rollup design.
• StarkNet: StarkNet is a ZK Rollup L2 with growing EVM compatibility efforts. It represents the next-generation technical competitor that could erode Optimistic Rollup-based L2s like Blast over time.

Broad incumbents

• Polygon: Polygon operates a broad portfolio of Ethereum scaling solutions including Polygon zkEVM and PoS chain. As an established incumbent, it competes with Blast across multiple L2 vectors and offers broader ecosystem support.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Blast_L2

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blast