The total lock-up value (TVL) of the Blast network has fallen by more than 60% since hitting an all-time high of $2.30 billion in early June, falling to $785 million as of August 5, the lowest level in six months. Additionally, data from growthepie shows that daily subscribers of Blast fell to 27,800 on August 18, the lowest level since the launch of the Blast network in late February. The sharp decline in Blast's key metrics suggests that decentralized finance (DeFi) projects and public decentralized networks should be more focused on ensuring organic growth and focusing on their communities and use cases. It turns out that the rapid growth of the ecosystem was fueled by the highly anticipated airdrop. However, after the airdrop began in June, there was a mixed response from users, many of whom were disappointed with the token collection process and its distribution.