Layer 2 network Blast announces it is ceasing operations, requiring users to withdraw their assets to the Ethereum mainnet by October 26.
2026.10.02 23:09:33
Layer 2 network Blast announced it will cease operations, as ongoing network maintenance costs have exceeded revenue generated by the L2, with the team noting there is no viable path to achieving economic sustainability. The project is advising all users to withdraw on-chain assets and balances held in its PWA to the Ethereum mainnet, and plans to reduce withdrawal wait times to 24 hours. However, the team will first process the exit of Lido assets held by Blast, a process expected to take approximately one week, during which withdrawal functionality will be temporarily unavailable. Users can complete withdrawals via Blast’s regular interface by October 26. After the deadline, assets can still be retrieved but will require direct interaction with the Blast Bridge contract on Ethereum L1; the team will publish specific operation instructions ahead of the cutoff date.
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