Blast batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (expense). Bridge depositors deposit ETH or stablecoins to Blast and receive a yield from ETH staking or T-bill strategies.

Blast is an L2 smart contract platform for decentralized applications on Ethereum. Blast has an inherent yield generation mechanism, coming from ETH staking and RWA protocols. Blast was founded by Pacman and launched in 2023.

Blast team and investors currently own and govern the protocol. Blast's investors include Paradigm, Standard Crypto, Santiago, etc.

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Blockchains (L2)

Blast

# Blast Circulating supply Methodology

## 1. Overview

The circulating token supply metric for Blast measures the number of Blast tokens that are publicly available and circulating in the market at any given time. Unlike total supply, circulating supply excludes tokens that are locked, reserved, or not yet released to the public. This metric is sourced directly from CoinGecko's API rather than calculated from on-chain data, providing market-standard circulating supply figures that align with other major crypto data providers.

## 2. Data sources

The calculation relies on the following external data sources:
- **CoinGecko API**: Circulating supply data for Blast token, including historical time series
- **CoinGecko token metadata**: Token identification and classification information
- **External market data**: Aggregated supply data from various blockchain explorers and token issuers that CoinGecko consolidates

## 3. Step-by-step calculation

### Component A: CoinGecko data retrieval
- **Purpose**: Fetches circulating supply data for Blast token from CoinGecko's API
- **Logic**: The system queries CoinGecko's API endpoint for Blast token circulating supply data. CoinGecko maintains this data by analyzing on-chain token movements, locked tokens, vesting schedules, and issuer reports to determine which tokens are actively circulating in the market versus those held in reserve or locked contracts
- **Key fields**: `circulating_supply` (number of tokens in circulation), `timestamp` (date of measurement), `token_id` (Blast token identifier)

### Component B: Data standardization
- **Purpose**: Converts CoinGecko API response into Token Terminal's standard metric format
- **Logic**: The finalization macro processes the raw CoinGecko data by applying consistent formatting, setting the protocol identifier to 'blast', and handling any missing data points using a zero-fill strategy. This ensures the output matches Token Terminal's standard metric structure for compatibility with other platform features
- **Key fields**: `data_id` (set to 'blast'), `date` (standardized timestamp), `value` (circulating supply amount)

### Final aggregation
- **Combining components**: The CoinGecko data is directly used without additional aggregation, as it already represents the final circulating supply metric
- **Currency conversion**: Not applicable - circulating supply is measured in token units, not USD
- **Time aggregation**: Daily snapshots based on CoinGecko's data collection schedule
- **Final calculation**: The final metric value is the circulating supply amount as reported by CoinGecko, standardized into Token Terminal's metric format with consistent labeling and timestamp formatting

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Number of tokens currently available for trading on the open market.

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Circulating supply

Circulating supply

Competitive landscape