Blast, once a $2B Ethereum layer-2 network, is shutting down

Blast was a side-network built to make Ethereum transactions cheaper and faster, and it launched with huge hype, pulling in about $2 billion worth of crypto. That value has now dropped 98%, and the team behind it is shutting the project down.

If you had funds specifically on Blast, this matters a lot and you should check official channels for how to withdraw. If you don't use Blast, this doesn't affect Ethereum itself or other crypto you hold.

If you have any funds on Blast, check the project's official announcement now for withdrawal instructions before anything becomes harder to access. If you're not involved with Blast, there's nothing you need to do.