Blast lost more than half its value in 24 hours, while Gitcoin and Scroll posted declines on a day that split the infrastructure sector.
While AI and some layer-2 tokens flew, one group watched its value evaporate. The overall market lost 2.2%, but three tokens fell far below average.
1. Blast (BLAST) — −52.8%
What is Blast?
Blast is a layer-2 network on Ethereum with one clever promise: that money can earn on its own. Instead of letting funds sit idle, Blast offered native yield — automatic returns on ETH and stablecoins held in the network. The project was launched in 2024 by the people behind the NFT platform Blur, and its airdrop was once among the most anticipated events of that year.
Why is it falling?
A drop of 52.8% in a single day and 75.9% in a week is rarely just a correction. For a token that has already lost 99.6% from its peak, moves like this usually signal that the remaining holders are exiting, and the cashing-in of interest built up over weeks is coming due. A market cap of just $8 million across 70 billion circulating tokens leaves little cushion — when a handful of sellers head for the door, the price falls like a stone. A story about yield has become a story about worry, and the yield has gone missing.
Financials: Price $0.0001143 · 24h −52.8% · 7d −75.9% · MCap $8.0M · 24h volume $5.5M · Circulating supply 70.6B / 100B · ATH $0.02918 (−99.6%) · ATL $0.0001028.
2. Gitcoin (GTC) — −15.0%
What is Gitcoin?
Gitcoin is one of the few projects in crypto that doesn’t brag about yields but about good deeds. The platform pioneered grants and quadratic funding — a mechanism that channels money toward open-source and public-goods projects that would otherwise go unsupported. The GTC token governs that ecosystem and rewards the community that builds it.
Why is it falling?
Gitcoin rose 26.6% over a week, and today’s 15% drop is easiest to explain as profit-taking after a fast climb. Once the good news passes and the token has run, there’s always someone who bought earlier and now wants out. Volume of $16 million against a $10 million market cap means turnover nearly equals the token’s entire market — every sell-off leaves a visible bruise. Ironic that public goods rarely suffer such a public fall.
Financials: Price $0.1149 · 24h −15.0% · 7d +26.6% · MCap $10.1M · 24h volume $16.0M · Circulating supply 87.5M / 100M · ATH $22.37 (−99.5%) · ATL $0.06433.
3. Scroll (SCR) — −9.0%
What is Scroll?
Scroll is a layer-2 network built on zkEVM technology — in other words, a clone of Ethereum running on zero-knowledge proofs that enables cheaper transactions while keeping compatibility. It takes its name from the scroll, the way precious documents were once rolled up. In the world of layer-2, Scroll has always played the quiet, technically precise worker among louder competitors.
Why is it falling?
A 9% drop isn’t drama, but it stings, especially coming on a weekly gain of 3.2% and with a market cap that has shrunk to just $4.9 million. Scroll has lost 98.2% from its peak, and the scroll is on thin ice: when volume ($9.9 million) doubles the value of the entire token, any sell order larger than average moves the price. Today was not a day for patience.
Financials: Price $0.02562 · 24h −9.0% · 7d +3.2% · MCap $4.9M · 24h volume $9.9M · Circulating supply 190M / 1B · ATH $1.43 (−98.2%) · ATL $0.01834.
The Broader Market
Total market capitalization stands at $2.9 trillion, with a daily drop of 2.2% and volume of $46 billion. Bitcoin dominance sits at 58.6%, Ethereum’s at 11.3%. BTC trades at $84,740 (+0.3%), ETH at $2,687 (+0.7%). While the winners celebrate, this trio is a reminder that in crypto one day crowns a king and the next leaves a bruise.
Disclaimer: This is not investment advice. Cryptocurrencies are volatile assets and investing can result in the loss of entire capital. Data is taken from CoinGecko at the time of publication.
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