March 7, 2024
By Anjali Kochhar
The Binance cryptocurrency exchange’s Web3 Wallet team has finished integrating the Blast network.
Binance Web3 Wallet now supports Blast, an Ethereum Layer 2 scaling solution that provides built-in yield for Ethereum (ETH) and stablecoins, according to the exchange’s announcement on March 4.
Users of cryptocurrency wallets will be able to access different decentralized applications on the Blast network and transfer tokens to and from the network using the Binance Web3 Wallet as part of the integration. You must navigate to the Web3 Wallet area and choose the Networks in order to examine and locate Blast in Binance Web3 Wallet.
Other information on the program was not provided by Binance. The news of the integration also went unnoticed by the Blast project team.
The mainnet debut was announced by Blast creators on February 29. Users could withdraw their monies that had been barred by the protocol along with the launch. During the early access period, more than 180,000 people contributed over $2.3 billion to the protocol, according to L2Beat.
Additionally, according to the project developers, consumers will receive 50% of the Blast airdrop, with the remaining 50% going to decentralized applications (dapps).
The first instance of fraud involving a widely publicized project happened in the Blast ecosystem just before the mainnet launched. The group at RiskOnBlast, a gaming platform, finished a $1.3 million rug pull.
At the forefront of the exchange’s push into the next internet generation is the Binance Web3 Wallet. It serves as a safe, self-custodial cryptocurrency wallet that gives users the ability to trade thousands of tokens across several blockchains, get yields, and go through a carefully chosen list of the best dApps.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
