How to Report Taxes on your Blast Blockchain Transactions
Blast is a fast-growing Ethereum Layer 2 (L2) blockchain that offers native yield on ETH and stablecoins, as well as a budding DeFi ecosystem. If you’ve bridged assets, earned yield, or traded on Blast, you will have tax obligations tied to those transactions.
So, how do you report taxes on your Blast trades? With our direct connection, Awaken makes it easy! This guide shows you how to import your Blast transaction history to Awaken and prepare for tax season with confidence.
✅ Step-by-Step: Connecting Your Blast Wallet to Awaken
Blast is a decentralized, EVM-compatible chain. That means your entire activity — swaps, airdrops, NFT mints, staking, and transfers — is tied to your wallet address.
To connect your Blast wallet to Awaken:
Log in to your Awaken Tax account
Go to the Accounts tab
Click Add Account
Select Blast from the list of blockchains
Click Add Wallet
Paste in your public wallet address (starting with 0x) and confirm
Awaken will automatically pull in your entire transaction history from the Blast blockchain, including:
Token swaps on Blast-native DEXs
On-chain transfers and bridge activity
DeFi protocols and staking rewards
NFT purchases, sales, and airdrops
If you’ve used multiple wallets on Blast, repeat the process for each one so we can track your full transaction history and generate complete tax reports.
🔗 Connect All Your Wallets and Chains
To ensure accurate tax reports, connect every wallet and account you’ve used — not just Blast.
Awaken supports 50+ blockchains and exchanges, allowing you to combine on-chain activity across Ethereum, Solana, Bitcoin, and all major L2s.
👉 Browse the full list of Awaken’s integrations
🌍 How Blast Transactions Are Taxed
Crypto tax laws vary depending on your country of residence. In most jurisdictions, common taxable events include:
Selling or swapping tokens (capital gains)
Receiving airdrops or staking rewards (income)
NFT trading or minting (depends on intent and local rules)
Awaken natively supports tax reporting in over 40 countries! Use our international guide to find out how your country handles crypto taxation: 📚 Global Crypto Tax Landscape 2025
🕵️ Does Blast Report to the IRS?
No, Blast does not report your wallet activity to the IRS or any tax authority. However:
All Blast transactions are public and traceable on-chain
If your wallet interacts with centralized exchanges (e.g., funding your Blast wallet), those exchanges may report activity that can link to your wallet address
Even without formal reporting, you’re still responsible for declaring gains, income, or losses on Blast. Awaken helps you do it right, without even needing to reach for a calculator.
💭 Final Thoughts
Blast is a powerful new Ethereum L2 offering yield, speed, and new DeFi experiences. But whether you're bridging ETH, farming points, or trading NFTs, your activity may have tax implications.
By connecting your wallet to Awaken Tax, you’ll get clear, automated tracking of all Blast transactions — and accurate, audit-ready reports when you need them.
📚 Related Reading
How to Report Crypto Taxes with TurboTax
