Blast said in a post on X that it will gradually shut down its Layer 2 network, saying the project no longer sees a viable economic path to keep the chain running over the long term.
The team said Blast was originally built with the goal of creating a network that could operate on its own economic model while serving users and developers. It said the ongoing cost of maintaining Blast has now exceeded the revenue generated by the L2, and that the project does not currently see a credible route to economic sustainability. On that basis, it decided to end Blast’s operations.
Blast also apologized to users who used the network and to developers who built on it and supported its ecosystem. The project said its immediate priority is to make the shutdown process as smooth and secure as possible.
Users asked to move assets to Ethereum mainnet
According to the announcement, all users are required to withdraw their assets to the Ethereum mainnet, including balances stored in Blast PWA.
To lower the barrier for withdrawals, Blast said it plans to shorten the withdrawal waiting period to 24 hours. But once the shutdown process begins, the project will first handle the exit of its Lido assets, a process expected to take about one week. During that period, users will not be able to withdraw assets even if the waiting period has already been reduced.
After the Lido asset exit process is completed, Blast said it will restore withdrawals and apply the 24-hour withdrawal waiting period.
Standard interface available until Oct. 26, 2026
Users will be able to withdraw assets through Blast’s regular interface until Oct. 26, 2026, according to the project. After Oct. 26, assets will still be withdrawable, but users will need to interact directly with the Blast Bridge contract deployed on Ethereum Layer 1.
Blast said it will publish a detailed guide before then and strongly recommended that users complete withdrawals before Oct. 26, 2026.