Blast, Former $2 Billion Ethereum Layer‑2, Announces Closure Amid 98% Asset Decline
Blast, a once‑prominent layer‑2 scaling solution built on the Ethereum blockchain, has announced that it will cease operations after a dramatic collapse in the value of assets under its custody. At its peak, the platform managed more than two billion dollars in cryptocurrency, positioning itself as a leading infrastructure for faster, cheaper transactions on Ethereum. However, over the past year …
Oct. 2, 2026, 5:15 p.m.