The new L2 project "Blast," initiated by the NFT trading platform Blur, has achieved an astonishing Total Value Locked (TVL) of around US$568 million within just 6 days of its launch, leveraging automatic income generation and early airdrop activities.

But while Blast rapidly attracted substantial funds, it also sparked heated debates within the community regarding its technical nature as a Layer 2 solution and its selective invitation marketing strategy.

Faced with community scepticism, founder Pacman responded on the 25th on X, stating that Paradigm was not directly involved in Blast's Go to Market. He emphasised that the project's marketing strategy was entirely developed and executed independently by the internal team.

Team Disagreement

Paradigm's Head of Research, Dan Robinson, posted on the X platform early this morning (the 27th), pointing out that Blast's announcement last week exceeded boundaries in both information dissemination and execution strategy. He explicitly stated,

"We don’t agree with the decision to launch the bridge before the L2, or not to allow withdrawals for three months, since we think it sets a bad precedent for other projects. We also think much of the marketing cheapens the work of a serious team."

Dan Robinson emphasised that while there were disagreements within the Pacman team on certain issues, they still appreciated the team's open communication. He also expressed confidence in Pacman.

"When Pacman told us he had a vision for the L2 chain that he wanted to use to scale Blur and build on its success, we invested behind him again. We still think they are world-class builders who can deliver an L2 that brings value to the ecosystem."