Blast, the Ethereum layer 2 founded by Tieshun “Pacman” Roquerre, announced it is winding down operations. The network will reduce its withdrawal delay to 24 hours, though withdrawals will be temporarily unavailable while Blast unwinds its Lido assets, a process expected to take about a week. Users will have until Oct. 26 to withdraw through Blast’s interface, after which they must interact directly with the bridge contracts on Ethereum. Blast’s total value locked has fallen more than 98% since its peak of $2.2 billion in June 2024.
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