Blast token in free fall because Blast Foundation focuses on phase 2

• blast token crashes in the course of a market decline and falling totally value locked.
• Blast Foundation plans to introduce phase 2 with a focus on the development of a full stack ecosystem.
• Delayed integrations and market skepticism difficult to relax.

The price of the blast token has fallen strongly despite the promising future plans of the Blast Foundation, which focuses on the next phase of Blast Chain.

This loss of value of the token has triggered concern among investors, especially in view of the fact that he is blocked at the same time with the decline total value of blast (TVL) .

The blast token fell by 31 % in a week

Last week Blast Token experienced a sharp decline and his evaluation has broken down by 31 %. Blast was traded at $ 0.01724 at the time of speaking.

This strong decline surprises many in the crypto community when you consider the rapid rise of blast in the past few months. The price of the token, which reached an all -time high of $ 0.02943 on the opening day (June 27, 2024), has now decreased significantly and is currently being traded under this maximum.

market analysts attribute this decline to a combination of factors, including general market volatility and special challenges in front of which the blast ecosystem is facing.

The mood of investors in relation to Blast has also deteriorated significantly, which was tightened by a decline in the Total Value Locked (TVL) by 21 % in the same period.

The TVL reduction underlines a loss of trust in users and liquidity providers and reflects more general concerns about sustainability and future growth prospects of the platform.

The latest performance of the native tokens of Blast is in blatant contrast to its initial positive response and illustrates the continuing uncertainties and potential hurdles that the blast ecosystem must cope with in the future.

Blast Foundation plans the next phase of Blast Chain

Despite the current setbacks with the Blast token, the Blast Foundation remains true to its commitment to the further development of the Blast Chain project.

with Phase 2 In the future, the foundation will strive to switch to a comprehensive full-stack approach, similar to the ecosystem strategy of the technology-giant Apple.

In this ambitious phase, special desktop and mobile wallets that are tailored to cryptocurrencies are developed with the aim of exceeding the existing user experience of platforms such as Metamask.

Phase 2 represents a critical turning point for blast. The goal is not only to improve the accessibility and functionality for users, but also to strengthen the trust of the community with targeted incentives and development miles.

The Foundation's timetable, which was also outlined with the introduction of Blast Token, promised significant integrations and further developments, including the integration of ERC-1155, Artblocks and the introduction of the "F-Switch".

However,

delays in the implementation of these promised functions led to criticism and increased attention from the representatives of interests and industry observers alike.

With regard to the future, the success of phase 2 will depend on the ability of Blast Foundation, to master the current challenges and to implement their strategic vision effectively. The focus of the foundation on building a robust, integrated ecosystem underlines its commitment to long-term sustainability and acceptance within the emerging onchain industry.

While Blast continues to develop despite the turbulent market conditions for his native token, those involved carefully remain optimistic about his potential to recover and to conquer a niche in the competitive cryptocurrency environment.