Blast to wind down Ethereum L2 after costs outpace revenue
60-second summary
Blast, once one of Ethereum’s biggest layer‑2s by total value locked, announces it will wind down operations because its operating costs now exceed revenue, urging users to transfer assets back to Ethereum mainnet before the shutdown; the closure highlights sustainability challenges for roll‑up solutions and may pressure other L2s to tighten economics, affecting overall scaling market dynamics.
Once among Ethereum’s largest layer-2 networks by total value locked, Blast is urging users to move their assets to mainnet ahead of the shutdown.