The Blast network is set to launch an eagerly anticipated airdrop on June 26, distributing 17% of its total token supply to early adopters. This initiative, announced via a social media post on June 25, aims to reward users who have engaged with the Ethereum layer-2 network by bridging assets or utilizing its decentralized applications (DApps).

Seventeen percent of the total Blast token supply will be released in this airdrop. Specifically, 7% will be allocated to users who bridged either Ether (ETH) or US Dollar Blast (USDB) to the network, while another 7% will reward those who contributed to the success of DApps on Blast. Additionally, 3% will be allocated to the Blur Foundation for future airdrops within its community.

In an accompanying report, it was detailed that the top 1,000 wallets, ranked by points, will have their airdrop tokens vest linearly over six months. This means these users will not be able to sell all their tokens immediately but will receive them gradually over the specified period.

The Blur Foundation has outlined its plans to distribute its share of the token rewards to traders and holders who have used or will use its platform. Of the total supply, 1% will go to traders and holders in Season 3, 0.5% will be reserved for Season 4, and another 0.5% for future use. The utilization of the remaining 0.5% has not been specified.

The tokens will be claimable starting at 10 AM ET (2 PM UTC), according to the social media post.

Since its launch in November, Blast network has grown significantly, becoming the fourth largest Ethereum layer-2 network in terms of total value locked (TVL), which now exceeds $2.9 billion, according to blockchain analytics platform L2Beat.

The report also mentions that 50% of the Blast token supply will eventually be distributed to the community. The first phase, beginning on June 26, will see 17% of the supply given out. The remaining 33% will be distributed in subsequent phases, the details of which will be announced later.

Beyond the airdrop, more than one-quarter (25.5%) of the total supply will be distributed to core contributors, 16.5% to investors, and 8% to the Blast Foundation to build infrastructure and expand the Blast ecosystem. Tokens allocated to core contributors, investors, and the foundation will be vested and unlocked over a four-year period.

While some users have expressed dissatisfaction with the vesting requirement for the top 1,000 wallet holders, others remain optimistic. Olimpio, an airdrop hunter and X user, commented, “Trying to be as unbiased as possible since I am top 500, but this is a spit on the face of people that brings liquidity [...] Top 0.1% wallets are subject to this, but how much TVL do they represent from the chain?” Despite this, Olimpio added, “excited to see how it goes.”

This announcement follows the recent airdrop by layer-2 network zkSync on June 17, where over 491,000 wallets claimed their tokens.

As the Blast network continues to evolve and distribute its tokens, it will be interesting to observe how the community reacts and what impact these airdrops will have on the broader cryptocurrency market.