Blast begins shutdown of its layer-2 network
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- Blast is winding down its Ethereum layer-2 network after operating costs exceeded L2 revenue.
- Users can withdraw assets through Blast’s interface until October 26, 2026.
- Withdrawals will later require direct interaction with Blast bridge contracts on Ethereum L1.
Blast (BLAST) has begun winding down its Ethereum layer-2 network after costs exceeded revenue.
The project said it sees no credible path toward economic sustainability for the network.
Blast will first withdraw its Lido assets, a process expected to take about one week.
During that process, withdrawals will temporarily remain unavailable, before resuming with a 24-hour waiting period.
Users can withdraw assets through the standard Blast interface until October 26, 2026.
After that date, assets remain withdrawable through Blast bridge contracts deployed on Ethereum L1.
Blast launched as an Ethereum layer-2 network designed to support users and developers through its own ecosystem.
Following the update, BLAST was trading down 41.2% at $0.0002416.
