Blast, an Ethereum layer-2 network, is shutting down due to operating costs exceeding revenue. Users have until October 26 to transfer their assets back to the Ethereum mainnet through Blast's regular interface. Withdrawals will pause for about a week as Blast processes assets held via Lido, then resume with a 24-hour delay. After the deadline, assets can still be recovered but require direct interaction with Blast's bridge contracts on Ethereum, with instructions to be provided before October 26. Blast launched in November 2023 and had over $2.3 billion locked in its bridge by February 2024.
Blast's shutdown of its Ethereum layer-2 network provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, as of Oct 03, 2026 00:31 WIB, 25 of 50 major cryptocurrencies rose and 24 fell. Notable gainers include BAT at Rp1.730 with an 8.45% increase and 100% buy order activity, AAVE at Rp3.263.620 with an 8.21% rise and 93% buy orders, and EOS at Rp12.649 with an 8.13% rise. BAT's 8.45% gain is the most notable figure.
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