Blast announces its permanent closure; users must withdraw their assets before October 26
The Ethereum Layer 2 network Blast has officially announced the permanent cessation of its operations due to the fact that maintenance costs have been consistently exceeding revenues. The team asks users to transfer their assets back to the Ethereum mainnet via the standard interface before October 26 (Beijing time). After that date, anyone needing to recover their assets will have to interact directly with the Blast Bridge contract, significantly raising the operational barrier. This event highlights the survival pressure in the competitive Layer 2 sector. #Ethereum
The Ethereum Layer 2 network Blast has officially announced the permanent cessation of its operations due to the fact that maintenance costs have been consistently exceeding revenues. The team asks users to transfer their assets back to the Ethereum mainnet via the standard interface before October 26 (Beijing time). After that date, anyone needing to recover their assets will have to interact directly with the Blast Bridge contract, significantly raising the operational barrier. This event highlights the survival pressure in the competitive Layer 2 sector. #Ethereum