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Ethereum Layer 2 Blast Is Shutting Down, Saying Costs Now Exceed What the Chain Earns

The network created by Blur founder Pacman is asking users to move their assets to Ethereum mainnet by Oct. 26, with withdrawals paused for about a week while it pulls its assets out of Lido.

UnchainedUnchained · October 2, 2026 · 15h ago

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Key points

  • Blast's team announced on X that it is shutting down, saying maintenance costs exceed the layer 2's revenue with no credible path to sustainability.
  • Users were told to move assets to Ethereum mainnet, with the withdrawal delay cut to 24 hours and the regular interface available until Oct. 26.
  • DefiLlama showed about $32 million in TVL on Friday versus a roughly $2.26 billion peak, while BLAST traded near $0.00028, per CoinGecko.

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