High Alert

Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CoinDesk
Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%WorldPing
Image via CoinDesk.

What happened

Once 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.

Key facts

  • Once 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.
  • Reported by CoinDesk and published Fri, 02 Oct 2026 17:15:35 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%

  2. Solana ETFs Overtake XRP Funds With $1.91 Billion in Assets

  3. Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down

  4. Ethereum Layer 2 Network Blast to Shut Down After Revenue Collapse

  5. Blast to wind down Ethereum L2 after costs outpace revenue

  6. Ethereum Now Lets You Pay for AI Without Revealing Who You Are

Sources

The original report was published by CoinDesk. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CoinDesk

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