Blast has announced it will be shutting down gradually. The reason is straightforward: operating costs exceed revenue, and there’s no viable path forward. Previously, users waited for L2 airdrops; now, they’re waiting to see when they can withdraw funds 🤣. According to The Block, the team will begin withdrawing assets from Lido, with the process expected to take about a week, during which withdrawals will be paused. The standard withdrawal interface will remain available until October 26; after that, users must interact directly with the bridge contract on Ethereum. Promised as immutable and eternal on the blockchain, even this once highly anticipated flagship project lasted only two and a half years.