Original - Odaily

Author - Asher

Blast mainnet online: Updated points rules, high cost of migrating to mainnet

Hot on-chain data

On March 1, the Layer 2 network Blast based on Optimistic Rollup was officially launched on the main network, and the activities on the chain were active for a while. According to the data panel of the Flipside platform, so far, a total of 37,000 wallets in the Blast network have executed nearly 810,000 transactions, creating an average of 0.5 blocks per second, and the average gas fee is 0.000394 ETH (approximately $1.33 at current prices) ), the average TPS is 1.8, and the peak TPS is 144.5.

Image source:flipsidecrypto

Announcement of new points rules

What users who participate in the Blast testnet are most concerned about are the rewards for continuing to participate in the mainnet interaction. Currently, Blast allows early access users to cross-chain to the main network and use Blast native DApps.

The specific rules are: mainnet users will continue to earn Blast points, and mainnet DApps can now earn BlastGold (Blast gold coins). 50% of the Blast airdrop is allocated to Blast points (users), and 50% is allocated to Blast gold coins (DApp). Gold coins will be distributed to DApps every two weeks. DApps can keep gold coins for themselves, but some DApps have promised to give all gold coins to users.

Odaily would like to remind you that the Blast ecological project is a mixed bag. Please DYOR before deciding to participate and beware of risks.

Image source:Official recommendation

According to feedback from many members of the community, there is a serious bug in the points mapped from the test network to the Blast main network. The points of some addresses do not display the official 10 times points, but a random number of 0-10 times. Some users even Got 0 points. In response to this, the official made an announcement immediately in the official tweet: it admitted that there was a problem with the calculation of points, which is currently being repaired, and the points of all affected users will be retroactively corrected.

Image source:Official recommendation

Expensive migration costs

As stated in the new points rules, points will be added every hour after migrating to the Blast mainnet, and the default increase speed is 1x and the maximum increase speed is 12x. Therefore, many users are ready to migrate ETH to Blast as soon as possible. Mainnet, but the Gas cost of this manual migration is basically between 35-80 US dollars. For a time, many retail investors and multi-account users complained that the migration cost was too high. The picture shows the data record of the migration of community users when Gwei is 37, and the cost is US$37.55.

Migration costs

At the same time, there is feedback from the community that even if you do not want to participate in the interaction with the Blast main network, you still need to migrate ETH to the Blast main network before you can withdraw it to the Ethereum layer. Currently, there is a 14-day waiting time for withdrawals through the official bridge, as shown below.Odaily reminds users that there are currently uncertain risks in other third-party cross-chain bridge withdrawals, and they should pay attention to the safety of their funds.

14 days waiting period

The popularity is high, but there are constant doubts

Although the Blast mainnet had extremely high on-chain and community popularity within a few hours of its launch, social media was filled with resentment from KOLs and ordinary participants:

• “The stupidest thing about Blast is that the gas required to deposit ETH was not cheap at the time, and now you have to spend money to connect to the mainnet.”

• Blast has crossed over to the mainnet, and the gas is higher than when it was deposited. Is it an operational problem on my part?
  

• The mainnet launch can be done according to the previous cross-chain mapping. Why should more than 200,000 users on the entire network burn handling fees again? Not everyone is a giant whale and does not care about this handling fee. Doesnt Blast need retail investors? ?”

• “There are no projects officially supported by the project owners on Blast. They are all started by local friends on the plate. They are all involved in the ‘big cut’ on the ETH chain. They are all experienced in the chain. Retail investors are waiting to be buried if they can’t run fast. .”

• “The Blast chain is just like the BSC chain back then, with a bunch of runaway projects. It is said that during this period, Tieshun was meeting with Chinese project developers every day.”

• Blast feels that the national content is too high. The above items are purely PVP games. If you run a second late, you dont have to run.

……

Overview

Looking back on the half-day since the Blast mainnet was launched, whether it was a large number of newly launched on-chain projects that quickly disappeared, or the new points plan announced, or the expensive gas fees for mainnet migration, users grievances continued to accumulate throughout the entire process.

If the Blast mainnet cannot cultivate a number of high-quality projects after its mainnet is launched, or provide some benefits for users from an official perspective (not to mention increasing the points coefficient, even saving some gas), then the popularity of Blast will gradually be extinguished by bad experiences.

After all, the players who decided to stick here are still aiming for the next important time node (May). Before that, Blast can think more about whether users will continue to use PUA points or have an airdrop feast in the short term.