Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
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.
Watchlist
Archive context. The story has cross-source confirmation.
Why this matters
Ethereum is showing up inside the Layer 2 theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on CoinDeskRelated market context
Ethereum Price Prediction: Layer-2 Trouble Deepens as Another Network Shuts Down
Blast’s decision to close its Layer-2 network sharpens the question of Ethereum price and prediction: does activity ultimately con...
Why Abstract is killing its Ethereum L2 instead of launching a token to save it
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disn...
Pudgy Penguins Owner Is Shutting Down Its Abstract Chain, Where $47 Million Still Sits
Abstract, the Ethereum layer 2 that Pudgy Penguins parent Igloo Inc. built to bring everyday users onchain, will shut down on Dec....
Robinhood adds $25 million of Bitcoin to its own balance sheet
Robinhood is adding $25 million of Bitcoin to its balance sheet after executives previously debated whether corporate crypto holdi...
Robinhood’s $25 billion crypto pile belongs to customers, not its treasury
Misinterpreting customer-held crypto as corporate assets can mislead market perceptions, affecting investor sentiment and perceive...
Abstract to Shut Down Dec. 15 After Consumer Crypto Model Fails to Scale
Key Takeaways: Abstract will close on 15th December, 2026, and users will have to move assets off the network before the time. The...