A $2 Billion Ethereum Layer 2, Blast Is Shutting Down as Its Assets Fall 98%
Blast, an Ethereum layer 2 that once held more than $2 billion, is winding down after its value locked fell about 98% and costs outran revenue. Users have until October 26 to withdraw. It is the latest in a wave of 2026 layer 2 closures as the market thins.