Ethereum’s Layer 2 Blast Skyrockets to Half a Billion, Meme Moguls (MGLS) Sees Inflow of New Investors

Last updated: November 30, 2023 22:43 EST
. 2 min read

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The DeFi ecosystem has been agog with the launch of Ethereum’s Layer 2 project, Blast”, which aims to eradicate issues relating to speed, cost, and scalability. While the market is still basking in excitement, Meme Moguls, currently undergoing its presale, is tapping into the wave, pulling more crowd and attention to is projected which promises exciting rewards. Let’s find out what Ethereum’s Layer 2 Blast is all about and why Meme Moguls (MGLS) is making waves.

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Ethereum’s New Project, Layer 2 Blast Attracts Buzz and Over Half a Billion To Match

It’s been over a week since the Ethereum layer-2 Blast went live and the buzz it’s created in the DeFi world is being backed up by investors pumping serious money. The project has garnered over $535 million in total value locked (TVL), according to Defi Llama.

Layer 2 is basically an umbrella term used to describe solutions that build on top of Layer 1 to enhance the scalability of the Ethereum network. This means Layer 2 will make Ethereum more usable for a greater number of people. The amount of inflow and locked value in a matter of days is a testament to a strong demand for Layer 2.

Blast also aims to provide native yield for stablecoins and Ethereum, allowing users to stake (or lock up) their funds in the network to earn an interest-like return. Led by the founder of top NFT marketplace Blur, Tieshun Roquerre, the network also entices investors with Blur-like rewards ahead for users, bringing in more early adopters to lock up their money in anticipation of its airdrop to both investors and developers.

Meme Moguls’ (MGLS) Token Presale Thrills Early Investors With Exclusive Benefits

Meme Moguls, the world’s first meme-backed stock market/exchange, offers users the opportunity to partake in a stock market-style meme trading platform, where they can buy, sell, and trade meme assets to earn some good profits and rewards.

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— Meme Moguls (@meme_moguls) November 24, 2023

Taking a community-centric approach, Meme Moguls goes beyond being a Fantasy meme-trading game and builds upon the coming together of like-minded people who share an irrefutable passion for memes. The DeFi platform will provide users with a place to connect with fellow traders, share insights, and brainstorm strategies.

Moreover, users are assured of safety in utilising the platform alongside experts whose sole aim is to carefully curate a selection of meme assets they can trade in order to capitalise on the latest trends and market movements.

It’s super easy to become part of 2023’s most exciting utility-based memecoin expected to 20x in Q4. Investors are urged to get Meme Moguls’ MGLS token at the current price of $0.0021 before it spikes. Meme Moguls will prioritize early supporters, granting them early access to the platform alongside other exclusive benefits and rewarding them with $10,000 at the end of each presale stage.

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