Ethereum ($ETH ): Blast shuts down after assets plunge 98%
Blast, a layer‑2 scaling solution built on Ethereum that once managed roughly $2 billion in assets, announced its shutdown.
The closure comes after the protocol’s locked assets fell by about 98%, leaving only a fraction of its former value.
The event underscores the volatility that can affect high‑profile Ethereum layer‑2 projects and may influence how developers and users assess risk in the broader scaling ecosystem.
**$ETH**
Blast, a layer‑2 scaling solution built on Ethereum that once managed roughly $2 billion in assets, announced its shutdown.
The closure comes after the protocol’s locked assets fell by about 98%, leaving only a fraction of its former value.
The event underscores the volatility that can affect high‑profile Ethereum layer‑2 projects and may influence how developers and users assess risk in the broader scaling ecosystem.
**$ETH**
