Blast to Shut Down Layer 2, Citing Unsustainable Costs
Blast said it will shut down its Layer 2 and set Oct. 26 as the last day for withdrawals through the normal interface. About $63.5 million remains in Blast’s canonical bridge, and contract-based withdrawals stay available after that date.
Key claims & sources
What it means
Users who still hold assets on Blast have a deadline to act through the normal withdrawal interface before Oct. 26, and the bridge still shows about $63.5 million on it today. After that date, the contract-based path remains available, so the change is about which withdrawal route is open rather than an immediate loss of access.
In practice, the normal interface remains usable only until Oct. 26, while contract-based withdrawals continue afterward. What changes is the route available for moving funds; what does not change is that withdrawals are still described as available after the cutoff. (per thedefiant.io)
Market reaction i
Coverage timeline
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