Blast, an Ethereum layer-2 network backed by Paradigm, is shutting down due to unsustainable operating costs exceeding its earnings. Users have until October 26 to withdraw their assets through Blast's interface; after that, funds can only be accessed via bridge contracts on Ethereum. Once holding over $2.3 billion, Blast joins other layer-2s like Zero Network and Silicon Network that are winding down this year, reflecting challenges in the Ethereum layer-2 ecosystem. The shutdown follows technical issues and disappointing user incentives, signaling a shrinking industry with other closures like CoinEx and BitMEX also occurring this year.
The Ethereum layer-2 network Blast is shutting down. For readers following the cryptocurrency market, here is Pluang's market snapshot as of Oct 03, 2026 00:31 WIB: out of 50 major cryptocurrencies, 25 rose and 24 fell today. Notable movers include AAVE at Rp3.263.620 with a 1-day change of +8.21% and Pluang order activity of 7% Sell / 93% Buy, EOS at Rp12.649 up 8.13%, and COTI at Rp255 with a 1-day change of +7.77% and order activity of 78% Sell / 22% Buy.
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