Grab EXTRA 10% OFF all Tangem products. Till Oct 25Blast Layer 2 network to shut down—withdraw by October 26
6.6 Tech Blast will shut down its Ethereum Layer 2 network due to high costs. Users must withdraw assets by October 26, 2026, or use bridge contracts after. The network once held over $2 billion in deposits.
Blast, an Ethereum Layer 2 network, has announced it will permanently shut down due to operational costs exceeding revenue. The team stated there is no longer a credible path to economic sustainability, prompting the decision to wind down the entire blockchain. Users must withdraw their assets to the Ethereum mainnet by October 26, 2026, using the standard interface. Withdrawals will be paused for about a week while the team unwinds staked assets held through Lido. After this, the withdrawal delay will be reduced to 24 hours. After the deadline, asset recovery will still be possible but will require direct interaction with Blast’s bridge contracts on Ethereum Layer 1, with instructions to be provided. Blast previously attracted over $2 billion in deposits before its February 2024 mainnet launch but now holds about $63–65 million in total value locked. Users are urged to act promptly to ensure safe retrieval of their assets.
