Blast winds down Ethereum L2 after assets plunge 98%, citing costs above revenue

Blast, once a $2 billion Ethereum layer-2, is shutting down, citing operating costs that exceed revenue. Its bridge assets have fallen to about $63.5 million, a 98% plunge, CoinDesk reported. Users must withdraw to Ethereum mainnet before Oct 26.

Detected & updated continuously · Source: Nebula