Blast to shut down as Coinbase suspends BLAST trading on October 20, 2026
- —Blast announced shutdown on October 2, 2026, citing costs above revenue
- —Coinbase ends BLAST trading October 20, withdrawals due by October 26
- —Blast TVL fell from over $2 billion in June 2024 to $24–32 million
- —Monthly revenue collapsed from $3.5 million to as low as $1,793
Why it matters: Coordinated delistings by Coinbase, Bybit, BTSE and Bitvavo leave holders with fewer exit routes and highlight the risks of L2 networks without sustainable economics.
Source: Crypto Briefing