POPA ReconBlast to Wind Down Its Layer 2 Network as Users Face Withdrawal Deadline
Blast to Wind Down Its Layer 2 Network as Users Face Withdrawal Deadline Blast says it will shut down its Layer 2 network, citing operating costs that exceed revenue and no credible path to economic sustainability. The team is asking users to withdraw assets to Ethereum mainnet, including funds held in the Blast PWA. Blast plans to reduce the withdrawal delay to 24 hours. Withdrawals will first pause for about a week while the team withdraws the network’s Lido assets. After that process, withdrawals will resume with the shorter delay. Users can withdraw through Blast’s interface until Octob…
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