Blast network winddown stories

Oct 6, 2026

Abstract to shut down Ethereum layer-2 on December 15

Pudgy Penguins-backed Abstract announced it will wind down operations and shut down the chain on December 15, 2026, citing stagnant growth, thin liquidity and an unsustainable consumer-focused model. About $47 million in assets remain on the chain.

Oct 6, 20265 sources

Oct 2, 2026

Blast Ethereum layer-2 network shuts down citing unsustainable costs

Blast, the Paradigm-backed Ethereum layer-2 that once held over $2 billion in assets, is shutting down after operating costs exceeded revenue. Users have until October 26 to withdraw funds through the normal interface.

Oct 2, 20266 sources