Blast Abandons L2 Network Due to Unsustainable Operating Costs

Blast, a cryptocurrency project that once promised unusually high yields and a distinct approach to crypto payments, is shutting down its Layer 2 (L2) network due to unsustainable operating costs.

The project's original goal was to build a self-sustaining chain for users and developers, but it has now run into the basic problem every network eventually faces: its bills no longer make sense.

Blast says that ongoing maintenance costs exceed the revenue generated by the L2, making it impossible to sustain economically. The project is asking users to move their assets back to Ethereum mainnet before October 26, 2026, when withdrawals will still be possible but require direct interaction with Blast bridge contracts on Ethereum L1.

The shutdown process won't be instant, as the project first needs to withdraw its Lido assets, a process expected to take roughly one week. During this period, withdrawals will temporarily remain unavailable.