Ethereum-based Blast chain shuts down as operating 'no longer makes sense'

Ethereum-based Blast chain shuts down as operating 'no longer makes sense'

Once home to more than $2 billion in crypto assets, Blast is shutting down as activity fades, costs rise, and bigger platforms like Coinbase and Robinhood build networks of their own.

Blast announces shutdown as network costs exceed Layer 2 revenue

Blast has announced plans to shut down its Layer 2 network, giving users until Oct. 26, 2026, to withdraw through its normal interface. Blast, in an Oct. 2 announcement on X, asked users to move their assets to Ethereum mainnet,…

Ethereum Layer 2 Network Blast to Shut Down After Revenue Collapse

Blast, a once-buzzy Ethereum Layer 2 network, is set to shut down later this month after a dramatic decline in activity left the scaler too costly to maintain. Blast Heads for the Exits Launched in early 2024, Blast hailed from the founder of NFT marketplace Blur, Tieshun “Pacman” Roquerre, and arrived with backing from prominent […]

Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%

Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% Once home to more than $2 billion in crypto assets, Blast is shutting down as activity fades, costs rise, and bigger platforms like Coinbase and Robinhood build networks of their own. Blast said it will shut down…

Blast Pulls Plug, Citing Costs That Outweigh Its L2 Revenue

TL;DR Shutdown Decision: Blast will shut down its Ethereum Layer 2 after concluding that operating costs exceed network revenue and that there is no credible path to economic sustainability. Asset Withdrawals: Users are being urged to move funds to the Ethereum mainnet. Withdrawals will pause for about a week during the unwinding of Lido assets ...

BREAKING: Another Blow to the Altcoin That Announced It Would Shut Down—This Time from South Korea – It Has Been Added to the Warning List

Following Ethereum’s announcement that its Layer 2 network, Blast, will cease operations, a new development has emerged that concerns BLAST investors. Upbit, one of South Korea’s largest cryptocurrency exchanges, has added BLAST to its list of assets under trading alert. Following this decision, dep...