According to Cointelegraph, Blast intends to wind down its Ethereum layer-2 network after expenses have surpassed income. The platform previously ranked among the largest layer-2 networks by total value locked on Ethereum.
In preparing for the shutdown, Blast is advising users to transfer their assets to Ethereum mainnet. The decision reflects financial pressures related to sustained costs relative to revenue generation.
No timelines or alternative plans were provided in the report. The move concerns only the layer-2 service; mainnet operations remain unaffected by this action.
