Blast is shutting down its L2: costs exceed revenue, standard withdrawals work until 26 October 2026

First withdrawals will pause for about a week while the team unstakes its assets from Lido, then return with a 24 hour delay. After 26 October funds will remain available, but only directly through the Blast bridge contracts on Ethereum L1, the team promises instructions in advance. The $BLAST token fell by about 17 to 20% after the news.

Check old wallets, LP positions and farming on Blast (for example Thruster, RogueX, Spacebar) and move assets to Ethereum without waiting until 26 October. For about a week withdrawals will be unavailable because of Lido. Take links only from the official @blast account: they warn about scammers around the shutdown.

What to do

Wait out the pause of about a week: the team first withdraws Blast assets from Lido.
After the pause, withdraw assets to Ethereum through the standard Blast interface, including balances in Blast PWA.
The withdrawal delay will be reduced to 24 hours.
Act before 26 October 2026, while the standard interface works.
After that date, withdraw directly through the Blast bridge contracts on Ethereum L1 following the team instructions.

Facts

Blast announced the shutdown: network maintenance costs exceed L2 revenue, the team sees no path to a sustainable economy.
Withdraw to Ethereum, including balances in Blast PWA. The standard interface works until 26 October 2026, afterwards only through the bridge contracts on L1. [@blast, 2 October 2026]
Cofounder Pacman wrote that he is saddened by the failure to make the network sustainable, and named a smooth shutdown as the priority. [page via link, 2 October 2026]
About $63.5 million remains in the bridge, $BLAST fell by about 17%. [@drops_daily, 2 October 2026]
Network TVL on DefiLlama is now about $32 million. [defillama.com]

Waiting for

Detailed instructions for withdrawing directly through the Blast bridge contracts on L1: the team promises to publish them before 26 October.

post from Telegram channel Korean Alpha EN · post from Telegram channel On-chain Барига · post from Telegram channel Закрепи.sender