Blast said on Nov. 4 that it has shut down its Ethereum Layer 2, directing users with remaining funds to a recovery website for claims on Ethereum mainnet.
In its shutdown notice, the team said remaining ETH or USD in Layer 2 wallets, pending withdrawals and Blast Mobile can be recovered through the site. “This recovery website will be active for 12 months,” Blast wrote, giving Nov. 4, 2027 as its final support date.
https://x.com/i/status/2117993462356197406
DefiLlama’s latest daily snapshot, dated Nov. 3 UTC, valued Blast’s canonical bridge assets on Ethereum at $6.51 million. That is about 84% below the $40.41 million reading reported by The Defiant on Oct. 26, according to The Defiant’s calculation. This measures bridge asset value, not how much users have successfully recovered.
Blast announced its wind-down on Oct. 2, saying operating costs exceeded Layer 2 revenue and it saw no credible path to economic sustainability. The team had set Oct. 26 as the deadline for withdrawals through its normal interface, with direct contract access continuing afterward.
Claiming Remaining Funds
The recovery page lets users look up an address that held ETH, wrapped ETH (WETH) or USDB on Blast. Users can connect their wallet or check an address for which their wallet is authorized to claim, including owners of a Safe or other smart wallet. The site says unfinished withdrawals are included automatically and claims are withdrawn directly from recovery contracts on Ethereum.
Blast Mobile users are instructed to import their seed phrase into a wallet such as MetaMask or Rabby, then connect that wallet to the recovery site. The resulting address will differ from their Blast Mobile address, which the site says is normal.
The page warns: “Only ever type your seed phrase into your wallet app, never into a website.”
Separately, DeFi-focused blockchain Katana said on Nov. 4 that it had taken a snapshot of all Blast user activity. In an Oct. 26 post, Katana promised “additional boosts” for wallets active on its network, without specifying what those boosts entail or when they will be available.