Blast announces shutdown as network costs exceed Layer 2 revenue
Blast has announced plans to shut down its Layer 2 network, giving users until Oct. 26, 2026, to withdraw through its normal interface. Blast, in an Oct. 2 announcement on X, asked users to move their assets to Ethereum mainnet, including any balances held in the Blast PWA. According to the teams notice, withdrawals through the usual interface will remain available until Oct. 26, after a temporary suspension needed to process its Lido holdings. For users who miss the interface deadline, the announcement says assets will remain accessible through direct interaction with Blasts bridge contracts on Ethereum Layer 1. The team said it would publish instructions for that process before the deadline. Blast withdrawals will pause before the delay falls to 24 hours Under the shutdown plan, the team will first begin withdrawing the Lido assets held by Blast, a process it expects to take approximately one week. During that period, the announcement says user withdrawals will be temporarily unavailable. Alongside that process, the team plans to reduce the withdrawal delay to 24 hours. According to the notice, however, implementing the shorter delay will not make withdrawals available while the Lido withdrawal process is still underway. Once that process finishes, the team says withdrawals will resume
