Decrypt·ETH
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
Blast said operating costs now exceed the revenue its Ethereum layer-2 generates and asked users to withdraw their assets to mainnet before Oct. 26.
Also covered by 8 outlets
- The Defiant ↗Blast to Shut Down Layer 2, Citing Unsustainable Costs
- Crypto Briefing ↗Blast shuts down operations amid unsustainable costs
- BeInCrypto ↗Ethereum Network Blast Is Shutting Down: Who Controls Users' Last $51 Million?
- The Block ↗Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
- CoinDesk ↗Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
- Bitcoin.com News ↗Ethereum Layer 2 Network Blast to Shut Down After Revenue Collapse
- Cointelegraph ↗Blast to wind down Ethereum L2 after costs outpace revenue
- Unchained ↗Ethereum Layer 2 Blast Is Shutting Down, Saying Costs Now Exceed What the Chain Earns
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