Ethereum L2 Blast Shuts Down as Assets Plunge 98%
Blast, once a $2 billion Ethereum layer-2, is shutting down after costs outpaced revenue. Users must withdraw by 26 October 2026.
If layer-2 networks cannot sustain themselves without incentive-driven deposits, what does durable profitability look like for Ethereum's scaling layer? As larger platforms build their own chains, does genuine decentralization still require dozens of independent L2s, or can Ethereum's security model work just as well with a smaller number of well-capitalized networks?
https://www.bonuz.xyz/en/blog/ethereum-l2-blast-shuts-down-2026-10-04
Blast, once a $2 billion Ethereum layer-2, is shutting down after costs outpaced revenue. Users must withdraw by 26 October 2026.
If layer-2 networks cannot sustain themselves without incentive-driven deposits, what does durable profitability look like for Ethereum's scaling layer? As larger platforms build their own chains, does genuine decentralization still require dozens of independent L2s, or can Ethereum's security model work just as well with a smaller number of well-capitalized networks?
https://www.bonuz.xyz/en/blog/ethereum-l2-blast-shuts-down-2026-10-04
