Blast, an Ethereum layer-2 network, is closing. The cost of running the chain has been higher than the revenue it earns. The team announced the decision in a post on X on Friday, and Cointelegraph reported it on Oct 2, 2026.
Blast said it does not see a "credible path" to making the network pay for itself. It asked users to withdraw their assets from Blast to Ethereum mainnet before the shutdown.
Blast was once among the largest Ethereum layer-2 networks by total value locked. The report does not say when the shutdown will happen or how much value is still on the chain. It also does not say what happens to assets that are not withdrawn in time.
For someone already holding a perpetual futures position on Bitget, Bybit, MEXC or OKX, the report points to no direct change in funding, fees or liquidity. It does not mention any perpetual contract, exchange listing or token linked to Blast. The people directly affected are those with assets on the Blast network, who have been asked to withdraw them.
Source: cointelegraph — Blast to wind down Ethereum L2 after costs outpace revenue
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