Blast said on X that it will shut down and begin a phased wind-down of the network, citing economics that no longer work. The project said it originally aimed to build a chain that could sustain itself for both users and developers, but the ongoing cost of maintaining Blast now exceeds the revenue generated by the Layer 2, and the team no longer sees a credible path to making the chain economically sustainable. As part of the shutdown process, Blast asked all users to move funds from the network back to Ethereum mainnet, including balances held in the Blast PWA. To make withdrawals easier, the withdrawal delay will be reduced to 24 hours. Still, users will face a temporary pause first, because Blast plans to withdraw its Lido assets before reopening withdrawals under the new delay window. That step is expected to take about one week. Blast said users should complete withdrawals through the standard Blast interface by Oct. 26, 2026. After that date, funds will remain withdrawable, but users will need to interact directly with the Blast bridge contract on Ethereum L1. The project said detailed instructions will be released before the deadline.
Blast said on X that it will cease operations and start a phased shutdown.
The project said its original goal was to build a chain that could sustain itself for both users and developers. That is no longer economically viable, according to the post. Blast said the ongoing cost of maintaining the chain now exceeds the revenue generated by the Layer 2, and it no longer sees a credible path to making the chain economically sustainable. On that basis, it decided to wind the network down.
Users asked to withdraw to Ethereum mainnet
Blast said its immediate priority is to make the shutdown as smooth and safe as possible. It asked all users to withdraw assets from Blast to Ethereum mainnet, including balances held in the Blast PWA.
To facilitate withdrawals, the project said it will reduce the withdrawal delay to 24 hours. Before that takes effect in practice, however, Blast will first withdraw its Lido assets as part of the shutdown process. That step is expected to take about one week. During that period, withdrawals will be temporarily unavailable even though the delay setting has already been lowered to 24 hours.
After Oct. 26, 2026, users must use the bridge contract directly
Blast said withdrawals will resume with the new 24-hour delay once that process is complete. Users are required to withdraw through the standard Blast interface by Oct. 26, 2026.
After that date, assets will still be withdrawable, but users will need to interact directly with the Blast bridge contract on Ethereum Layer 1. Blast said it will publish detailed instructions before the deadline.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
