Blast chain TVL plummeted by 97.7%, dropping from a peak of $250 million to $57 million.

A bit outrageous—Blast’s recent on-chain data is downright dismal.

According to on-chain statistics, as of November 9, Blast’s total value locked (TVL) has been slashed in half to $57.09 million. Compared to this year’s peak of $250 million, that’s a staggering 97.7% drop. This kind of decline is pretty brutal.

What’s even more painful:

• 24-hour net on-chain inflow: -$7.3 million (large sums are fleeing)
• Stablecoin reserves: only $51.47 million left
• DEX daily trading volume: about $4.6 million (market activity is worrying)

From these numbers, it’s clear that Blast’s ecosystem has cooled to freezing point. Investors have either fled or are sitting on the sidelines. This also highlights a common problem with many public chain projects: they rely on early-stage funding and influencer endorsements to attract attention, but when it comes to real application ecosystems and user stickiness, they can’t keep up—and ultimately crash hard.

In short: Blast’s recent performance should serve as a wake-up call to those blindly chasing trends. Ecosystem building can’t rely on hype; it needs real investment and long-term commitment.