
Blast is shutting down. The Ethereum L2 that once held over $2 billion says it now costs more to run than it earns, and it sees no credible path to making the chain sustainable. The Block puts its TVL now at about $32 million. That is the full arc of points-and-yield growth, start to finish. But the part I keep thinking about is the exit. Blast says withdrawals will pause for about a week while it unwinds its Lido assets, then reopen with a 24-hour delay. Users can withdraw through the normal interface until 26 October. After that, funds stay withdrawable, but only by interacting directly with Blast's bridge contracts on Ethereum. Blast says it will publish instructions before the cutoff. This is the real test of an L2. Not how it launches, but how you get out when the team shuts it down. If you still have anything on Blast, including in its web app, plan your withdrawal now.

