Blast

Blast receives a C risk grade (44/100) from Hindenrank, where lower scores indicate lower risk. High risk — anonymous signers with potential single-entity control over all deposits and no working fraud proof system An Ethereum Layer 2 network that automatically earns yield on your ETH and stablecoins by staking them behind the scenes. It holds about $200M in deposits and raised $27M in funding. Its C- grade reflects serious concerns: anonymous wallet signers control all deposited money, and there is no working system to catch fraudulent transactions.

The key risks identified for Blast are: (1) Three out of five people who control the wallet holding all deposits are anonymous. Four of their wallets were funded from the same source, so one person may control them all (2) Your ETH balance changes automatically as yield arrives. Many apps on Blast weren't built for this and can miscalculate what you own, creating exploitable bugs (3) There is no working fraud proof system. If the operator submits a fake transaction, there is no on-chain way to challenge it. Your money could vanish with no recourse

Blast scores 44/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 10/20, Oracle Surface: 0/10, Documentation Gaps: 7/10, Track Record: 10/15, Scale Exposure: 3/10, Regulatory Risk: 2/10, Vitality Risk: 9/10. The highest risk area is Vitality Risk at 9/10.

Among 37 rated L2 protocols on Hindenrank, Blast ranks #33 by safety (lowest risk score = safest). Its 44/100 risk score and C grade place it among the riskier L2 protocols.

Blast scores 10/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.