Blast to wind down Ethereum Layer 2 operations due to rising costs

CIE News ·

Ethereum Layer 2 network Blast is shutting down operations after maintenance costs outpaced revenue. Users are urged to withdraw funds via the official application before October 26, 2026.

Ethereum Layer 2 network Blast announced it is winding down its operations after maintenance costs exceeded incoming revenue, according to The Block. The Paradigm-backed network has directed users to withdraw their assets through the official application. Users face a withdrawal deadline of October 26, 2026, to migrate their funds off the protocol safely.

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