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Blast Layer-2 Network Shuts Down Due to Unsustainable Operating Costs

Guavy AI Editorial Team
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Ethereum layer-2 network Blast is shutting down due to unsustainable operating costs.

The team announced on X that they cannot cover their expenses with the revenue generated from the chain, leaving no 'credible path' to sustainability.

Blast's DeFi activity has contracted sharply since mid-2024, with its TVL down more than 98% from its June peak at $2.2 billion.

The team instructed users to withdraw funds to Ethereum mainnet and has set a deadline of October 26 for withdrawals using the standard interface.

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