Blast is shutting down its Ethereum Layer 2 after concluding that operating costs exceed network revenue.
The network once attracted more than $2.3B into its bridge; current TVL is about $32M. Users have until Oct. 26 to use the normal withdrawal interface.
Key risk: withdrawals will first pause for roughly a week while Blast unwinds its Lido assets.
$ETH $BLAST
#Ethereum #Layer2 #DeFi
The network once attracted more than $2.3B into its bridge; current TVL is about $32M. Users have until Oct. 26 to use the normal withdrawal interface.
Key risk: withdrawals will first pause for roughly a week while Blast unwinds its Lido assets.
$ETH $BLAST
#Ethereum #Layer2 #DeFi