$BIG

The @AbstractChain Starter Kit: This'll take you from zero to Testnet hero in 1 minute with a free NFT at the end 🧊 STEP 1: Add the Abstract Testnet to your wallet at docs.abs.xyz/network_info/t…. (Click the "Switch Wallet" button) 🧊 STEP 2: Grab 0.05 Sepolia ETH from Google - no registration or delay* cloud.google.com/application/we… 🧊 STEP 3: Bridge the ETH to Abstract: portal.testnet.abs.xyz/bridge 🧊 STEP 4: Mint a FREE Testnet NFT by co-founder @0xCygaar (there's no gas since it's sponsored - one of Abstract's cool features): abstract-paymaster-demo.vercel.app 🧊 Done! I doubt that Testnet txns or the free NFT will get rewarded but you never know and can now mess around on future apps *Thanks to @thecarpenter for discovering the faucet)

Congratulations! You've made it to another Monday. Here's to hoping the rest of the week is slightly less terrifying. Happy New Week! $BIG $BLAST #BIGONBLAST #memecoin

Today in @Blast (FDV vs. market cap): ➡️ @blasterswap now lets you stake your $BLAST to earn token pre-credits and Gold rewards. Staking has no lock-up and so far users have staked $2 million worth ➡️ (cont'd) Alpha is if you stake 5000 tokens within the week you'll get 1,000 pre-credits as a bonus ➡️ (cont'd) Anyone who runs a token project can create a staking vault on there too with their own APY terms ➡️ (cont'd) Right now, Blasterswap and @wasabi_protocol are the two most popular places to stake $BLAST ➡️ @thecolonyxyz got a great shout-out by TCG grading company @beckettcollect. Someone recently bought a graded One Piece card there for $80,000 ➡️ You have one more day to enter the new @fantasy_top_ Main Tournament. So far the numbers look good: 5,000 people registered for their Bronze tournament and we don't even know what Gold will look like yet ➡️ Since it's a slow news day, I want to discuss the difference between market cap and FDV. $BLAST's market cap is hilariously low now at $270 million and ranked out of the top-200 tokens, even below its sister project $BLUR. However... ➡️ (cont'd) Blast's FDV is $1.5 billion, which ranks in the top-100 comfortably by FDV and above a bunch of other L2s. What's the difference and which should you pay attention to? Here are some thoughts: ➡️ (cont'd) Market cap only looks at unlocked tokens while FDV looks at total supply. The more tokens that are locked, the bigger the gap between the two. As a brand new project, Blast still has 83% of its supply to unlock - which'll slowly go to team members, investors, and the community ➡️ (cont'd) Side note: a lot of ppl dislike "low market cap, high FDV" tokens. They'd prefer that most of the supply circulated at launch without having to worry about large unlocks in the future, many by VCs who may dump. It's a fair point. The counter-argument is that some of the biggest web3 projects launched the same way. Solana, AVAX, and ARB all had more tokens locked at launch than Blast ➡️ (cont'd) Should you use FDV or market cap when valuing $BLAST? Ideally, keep both in mind and consider market cap as a "short-term" value, important for traders looking for quick price action, and FDV as a "long-term" value, important for investors looking into the future ➡️ (cont'd) One example: let's say Pacman announces that all Blast holders will get a free Cybertruck. And let's say this makes the market cap of Blast instantly 10x, from $270 million to $2.7 billion ➡️ (cont'd) If you're a short-term trader, that market cap may still look cheap to you. It's outside the top-30 and you can imagine Elon Musk tweeting about the promotion and more news networks covering it, driving up demand. You couldn't care less about FDV - you'll have sold long before any new tokens unlock. You buy and hope for a quick 2X ➡️ (cont'd) If you're a long-term trader, you'll notice that Blast's FDV is suddenly $16 billion, making it a top-10 token by FDV. You think that's way too high and don't see any change in fundamentals to warrant it. In fact, you worry that this free Cybertruck promo will bankrupt the project long-term and cause sell pressure once new tokens unlock from worried VCs and team members. You sell ➡️ (cont'd) If you balance both FDV and market cap, you may keep some tokens to flip into news but sell the majority based on the FDV ➡️ (cont'd) Returning to the present, if you think Blast will announce something exciting soon that could pump price or if the ETH ETF causes all L2s to print, then the $260 million market cap is extremely spicy. If you're more long-term oriented, $1.5 billion FDV is also low but whether it's fair or not depends on how you see season 2 playing out and whether Blast will continue to grow in users, TVL and on-chain activity compared to other L2s ➡️ (cont'd) I hope this was helpful. Let me know if I missed anything important about FDV vs. market cap or if you have any other useful thoughts about it ➡️ Enjoy your Sunday! It's hot AF here

Today in @Blast_L2 (important week ahead): ➡️ @fantasy_top_ opened new two Tactics games! And...they're both sold out. (I pinged everyone earlier so many of you did get in.) It's a bullish sign that there's so much demand even without Gold incentives ➡️ On @scorefam_io degens can now bet on who'll be the U.S. President this year and what Blast's market cap will be by July 30. @punk9059 may want to sit that last bet out ➡️ OTC exchange @pumpmarkets, which lets you trade tokens before they launch, announced their Season 2 points system. You earn points by listing competitive buy/sell offers (buys are worth more), filling orders, and referring people ➡️ (cont'd) The final trading price of Blast Gold there was $3.41 showing how risky (or profitable) OTC trading can be ➡️ If you're into DeFi farming, check out @Agent_Fi. With one click, you can farm multiple platforms at once with automated strategies. They just launched "DEX Balancer," which creates an ETH/USDB liquidity pool for you on @BlasterSwap, @hyperlockfi, and @FenixFinance ➡️ This is the week we should learn more about how Season 2 Gold will work - maybe even later today ➡️ GambleFi metaverse Bag City at @bagcoin launches today! Their first experience is a Texas Hold 'Em poker game ➡️ OG Blast NFT @blastbirbs never gives up. They're rebranding soon and will launch a refundable collection ➡️ @sgsand1 wants to know many Tesla Cybertrucks we're all competing for in Blast's scratch-off lottery game. Is it 1? 10? 50? Or will no one win and the prizes will reset for Season 3 like Gold Jackpot? ➡️ DeFi platform @hyperlockfi launched an Ambassador program where you earn points for promoting them ➡️ Over at @thewolvesxyz we have a follow train going. Even if you don't own a wolf but read these threads you can respond there and I'll at least get you (have followed 200 ppl already)! Shout-out to @johnnyutah for inspiring this ➡️ Not much token action today. The prices of $BLAST, $ANDY, and $PAC are all flat, though majors $ETH, $BTC, and $SOL had a nice bump and sometimes that can spillover into alt-coins ➡️ (cont'd) Traders are expecting volatility for $BLAST since it could pump or dump based on this week's announcements about Season 2. So far there's been a psychological floor at $.02, its opening price, but it's crypto so who knows ➡️ GIVEAWAY: Like and Comment to win a @sabet art edition on @blastr_xyz! ➡️ (cont'd) Yesterday's winner was @TheTruth_NFT! DM me your address

@moonbirdoddity @DistrictOneIO @JerryJonesIlI The D1 airdrop already went out

Good morning everyone, and happy new month! Get ready, $Big things are about to heat up! #BigOnBlast #Memecoin #Blast_L2

@Pacbotapp @Blast_L2 @PacmanBlur @pew_on_blast @AndyBlastL2 @BLASTHOGE Let's go!

COME ON TEAM JOIN THE BIG ARMY AND LET'S WIN SOME GOLD: t.me/teampacbot/app…

The tournament has begun! And we're already first place.

Epic Trading Competition Seven memecoins including $BIG battle it out in a competition by @Pacbotapp. Details below. Join Team BIG: t.me/teampacbot/app…

@mike_ETH17 @xXBigazXx @BlockGuerilla @KorsbMatt @LuongQuiTuan1 @jadedsun you're already locked in Mike... on the stimmy list.

One month to go until the Blast airdrop. To celebrate, let's give some $BIG to a few people who RT this. And to the best meme replies. 🏌️

@archivum_nj Double meme. Like it. You're on the stimmy list.

@bigonblast maybe 👀

@archivum_nj Maybe people should be buying 👀

@bigonblast STAY $BIG

@mike_ETH17 Lol, a deal's a deal. Reply with your wallet address. Sending stimmies later.

@mike_ETH17 Narrator: Mike heads off to setup 8 burners

@mike_ETH17 If your reply gets 10 likes then yes 😅

Should @TheOG_General buy 550 ETH of $BIG?

If I have seen further than others, it is by standing on the shoulders of giants. Bring your ETF. It's our $ETH, it's our $BLAST, it's our $BIG.