Ethereum Layer-2 Network Blast Shutting Down

Blast, a $2.3 billion Ethereum Layer-2, is shutting down

Ethereum Layer-2 network Blast is winding down operations, according to a report by Decrypt published on October 2, 2026. The network was once valued at $2.3 billion.

Layer-2 networks are secondary frameworks built on top of Ethereum to help process transactions faster and at lower cost.

What is known

• Blast is an Ethereum Layer-2 network that is shutting down.
• The network was once valued at $2.3 billion.
• The announcement was reported by Decrypt.

What remains unclear

The source material does not provide details on why Blast is shutting down, the timeline for the shutdown, or what users should do with their funds.

Why this matters

The closure of a Layer-2 network with a $2.3 billion valuation raises questions about the sustainability of smaller scaling solutions in the Ethereum ecosystem.

Sources

• Decrypt

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