WorldPingEthereum L2 Blast is winding down after costs outpaced revenue.
26 to withdraw via the app.
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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
The original report was published by The Block. WorldPing does not claim that reporting — this page summarises and contextualises it.
Read the full report at The BlockLiving hubs that keep updating as this story develops.
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.
Brief by WorldPing · Original reporting by Bitcoin.com
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
WorldPingEXCLUSIVE: The Network, the free streamer founded by Aram Rappaport, has snapped up U.S. rights to two international drama series. The service has picked up Thou Shalt Not Steal, which stars Miranda Otto, and Scandi drama The Trio.
Brief by WorldPing · Original reporting by Deadline
WorldPingResearch led by a group from the University of Newcastle has found a new way to make silicone surfaces—and control how slippery they are. The work was published in the journal Chemistry of Materials.
Brief by WorldPing · Original reporting by Phys.org
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