Blast's announcement today set an example for public chains without real use cases or scenarios to back them up: forcing it is worse than shutting down. Thinking back, the Blast team first created Blur, introducing some minor innovations around points mining and liquidity, which posed a real threat to OpenSea. Then, Tieshun tried to replicate this path, approaching public chains with an application-driven mindset. They heavily promoted a points system, allowing ETH and stablecoins to serve dual purposes—earning yield while also collecting points. In a short time, they stacked up $2 billion in TVL, enjoying a moment of glory and earning the title of genius devs in the industry. But eventually, the overinflated points system turned off whales, mini-game dApps flooded the ecosystem without sustainable demand, and Blast ultimately failed to cross the hurdle of "Day 1 starts after TGE." https://(x.com)/sea_bitcoin/status/1900186968426004591 With L2s and L1s everywhere, users and developers need a compelling "why you" to choose a chain. The rise of ecosystems and applications is far from guaranteed.