The shutdown process begins with the retrieval of Blast's Lido assets, which will take approximately one week and temporarily suspend all withdrawals. Once that phase is complete, the network will reduce the withdrawal delay to 24 hours to accelerate the exit. After October 26, assets remain withdrawable, but users must interact directly with bridge contracts on the Ethereum L1.
Tuesday, October 20, 2026
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Blast Shuts Down Ethereum L2 Over Unsustainable Operating Costs
Crypto18 days ago
Users of the Blast network must migrate their assets to the Ethereum mainnet by October 26, 2026, to use the platform's standard withdrawal interface. The Ethereum Layer 2 is winding down operations because its maintenance costs exceed the revenue it generates, leaving the developers with no credible path to economic sustainability. Asset holders, including those with balances in the Blast PWA, are urged to move funds before the deadline.
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