By Isaac • October 2, 2026 3:16 pm •
Blast is shutting down its Ethereum layer-2 network after concluding that the chain costs more to operate than it brings in.
The decision turns one of the last cycle’s fastest-growing networks into a blunt test of whether incentive-driven layer-2 activity can survive after the rewards fade.
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According to Cointelegraph, the team said it no longer sees a credible route to economic sustainability. Blast is asking users to move assets back to Ethereum, with the normal withdrawal interface expected to remain available through October 26.
Blast launched its mainnet in February 2024 after attracting roughly $2.3 billion in deposits and more than 180,000 users. Its model combined an Ethereum layer-2 with native yield and points that later
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