Ethereum’s Blast Layer-2 Network Is Shutting Down After Reaching $2.3B
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
Ethereum layer-2 network Blast is shutting down, marking the end of a project that once reached a reported $2.3 billion in value.
Layer-2 networks are built on top of Ethereum to process transactions with the goal of improving scalability and reducing costs. Blast’s closure underscores the competitive and fast-changing nature of the layer-2 sector.
No further details about the shutdown were provided.
