Posts
avatar

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.

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment