WorldPingBlast, a once-buzzy Ethereum Layer 2 network, is set to shut down later this month after a dramatic decline in activity left the scaler too costly to maintain.
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Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
Ethereum Layer 2 Network Blast to Shut Down After Revenue Collapse
Ethereum Now Lets You Pay for AI Without Revealing Who You Are
The original report was published by Bitcoin.com. WorldPing does not claim that reporting — this page summarises and contextualises it.
Read the full report at Bitcoin.comLiving hubs that keep updating as this story develops.
WorldPingOnce among Ethereum’s largest layer-2 networks by total value locked, Blast is urging users to move their assets to mainnet ahead of the shutdown.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingBlast said operating costs now exceed the revenue its Ethereum layer-2 generates and asked users to withdraw their assets to mainnet before Oct. 26.
Brief by WorldPing · Original reporting by Decrypt
WorldPingOnce home to more than $2 billion in crypto assets, Blast is shutting down as activity fades, costs rise, and bigger platforms like Coinbase and Robinhood build networks of their own.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingEthereum L2 Blast is winding down after costs outpaced revenue. Users have until Oct. 26 to withdraw via the app.
Brief by WorldPing · Original reporting by The Block
Nike's shares dropped for a second straight day of declines after it reported falling revenue and plans to lay off staff.
Brief by WorldPing · Original reporting by CNBC World
WorldPingEthereum's zkAPI lets users prepay in USDC and query AI models through cryptographic proofs, so no single party sees both who they are and what they ask.
Brief by WorldPing · Original reporting by Decrypt
WorldPing