Blast to shut down, users must withdraw assets to Ethereum by October 26, 2026
- —Blast is shutting down as L2 operating costs exceeded network revenue
- —Users have until October 26, 2026 to withdraw assets to Ethereum
- —Withdrawal delay cut to 24 hours, but withdrawals pause temporarily during Lido asset exit (~one week)
- —After the deadline, withdrawals require interacting directly with the Blast bridge contract on Ethereum L1
Why it matters: The shutdown of another L2 reinforces consolidation around major networks and raises risks for holders of assets on smaller chains.
Source: PANews