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Announcement
Chain: Blast

Ongoing

Jump to steps Updated 5 Oct 2026 · 1 step

Blast Is Shutting Down

Blast is shutting down, and users have until October 26, 2026 to withdraw their assets to Ethereum mainnet through the normal Blast interface, including any balances held in the Blast PWA. The team says the cost of running the L2 exceeds its revenue and it sees no path to making the chain sustainable. The withdrawal delay is being reduced to 24 hours, but Blast will first withdraw its Lido assets, which is expected to take about one week, and withdrawals are unavailable until that finishes. After October 26, assets remain withdrawable only by interacting directly with the Blast bridge contracts on Ethereum L1, and Blast will publish instructions before that date.

Latest Update: Blast Shutdown and Asset Withdrawals

Blast is shutting down, and users have until October 26, 2026 to withdraw their assets to Ethereum mainnet through the normal Blast interface. The team says the cost of running the L2 exceeds its revenue and it sees no path to making the chain sustainable.

Withdraw Your Assets to Ethereum Mainnet

Move all funds off Blast, including any balances held in the Blast PWA. The withdrawal delay is being reduced to 24 hours.

Withdrawal pause: Blast will first withdraw its Lido assets, which is expected to take about one week. Withdrawals are unavailable during that period and resume afterward with the 24-hour delay.

After October 26: Assets remain withdrawable, but only by interacting directly with the Blast bridge contracts on Ethereum L1. Blast will publish instructions before that date.

Announcement

Blast is an L2 with native yield for ETH and stablecoins. Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically. The default interest rate on other L2s is 0%. On Blast, it’s 4% for ETH and 5% for stablecoins. Yield makes it possible to create new revenue streams and provide novel rewards for end-users. Users transact in ETH. Dapps are built around ETH. Blast was designed from the ground up so that ETH itself is natively rebasing on the L2.