Blast, the Paradigm-backed Ethereum layer-2 network, is shutting down due to maintenance costs exceeding revenue and no credible path to economic sustainability. Users have until Oct. 26 to withdraw funds through Blast’s interface, after which funds will only be accessible by directly interacting with bridge contracts on ethereum. The network had peaked at over $2.3 billion locked in its bridge by February 2024. Blast joins Zero Network and Silicon Network in winding down this year amid a broader layer-2 consolidation.
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