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

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.

The top 3

  1. Blast Shuts Down: The $2.3B L2 Economics Collapse: Blast is winding down operations after operating costs outpaced revenue, setting an October 26, 2026, deadline for users to withdraw assets via its standard interface before transitioning to direct bridge contract interaction.
  2. Top 3 Largest Ethereum Layer-2 Networks by TVL (2026): While Blast exits, the broader L2 landscape remains dominated by major players that have scaled through ecosystem depth and institutional integration.
  3. Most Influential L2 Scaling Milestones (2024-2026): The L2 space has evolved from pure TVL-chasing to focusing on sustainable economics, decentralized infrastructure, and high-volume, low-cost operations.

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