Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
60-second summary
Ethereum L2 Blast, backed by Paradigm, announces it will wind down after operating costs consistently outpaced its revenue streams, prompting a shutdown plan. Users must withdraw their assets through the Blast app by October 26 to avoid loss. The closure highlights sustainability challenges for niche rollups, potentially dampening investor confidence in similar Layer‑2 projects.
Ethereum L2 Blast is winding down after costs outpaced revenue. Users have until Oct. 26 to withdraw via the app.