Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down

What happened

Blast said operating costs now exceed the revenue its Ethereum layer-2 generates and asked users to withdraw their assets to mainnet before Oct. 26.

Why it matters

The development may change operating conditions or market expectations around Ethereum, USDC. Further confirmation and measurable outcomes matter.

Affected entities

View evidence

2 reports · 1 original report · 1 independent

1. DecryptPrimary source · Supports · EN · 100%
   Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down ↗Oct 2, 2026, 1:47 PM
2. DecryptPrimary source · Supports · EN · 50%
   Ethereum Now Lets You Pay for AI Without Revealing Who You Are ↗Oct 2, 2026, 4:16 PM

Claims

• Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

1. October 2, 2026 at 1:47 PMFirst reported

Market move following event

Score explanation