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Blast Bridge's TVL plunges 84% as it winds down operations due to unsustainable costs.

Protocol Fundamentals
05 Nov 2026, 23:12 WIB
Tokenpost
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Bearish
Blast Bridge's TVL plunges 84% as it winds down operations due to unsustainable costs.

Blast Bridge's total value locked (TVL) dropped sharply by about 84% from $41.04 million on Oct. 26 to $6.51 million on Nov. 3, reflecting a significant withdrawal of assets from its contracts. The platform announced its wind-down on Oct. 2, citing operating costs that exceeded revenue and no viable path to sustainable operation. Users can still claim eligible assets like Ether (ETH), WETH, and USDB through recovery contracts on Ethereum, but Oct. 26 was the last day for regular withdrawals. This marks a major step in the platform's closure process and impacts users holding assets on Blast Bridge.

Blast Bridge's TVL drop is the story context for readers. For those following the broader crypto market, here is Pluang's snapshot as of Nov 06, 2026 03:03 WIB: out of 50 major cryptocurrencies tradable on Pluang, 5 rose and 44 fell today. Notable movers include SNX at Rp3.029 with a 1-day change of -7.48% and a typical hold time of 71 days, THETA at Rp2.627 down 7.37%, and FIL at Rp14.594 down 6.81% with a strong buy order activity of 99%.

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