The Block (@TheBlockCo): THE BLOCK: Blast said it will wind down its Layer 2 network because operating costs exceed revenue and it sees no credible path to economic sustainabi…
Estimated coin impact
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- BLAST-90Negative
THE BLOCK: Blast said it will wind down its Layer 2 network because operating costs exceed revenue and it sees no credible path to economic sustainability. The project is asking users to withdraw assets to Ethereum mainnet, with withdrawals expected to resume after a roughly one-week process to withdraw Blast’s Lido assets, and the withdrawal delay reduced to 24 hours. Users can withdraw through the normal interface until Oct. 26, after which they will need to interact directly with the Blast bridge contracts.