Blast Shuts Down: The $2B Ethereum L2 That Couldn't Survive
Blast Is Dead: How a $2 Billion Ethereum Layer-2 Ran Out of Road Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I've watched Ethereum's layer-2 wars produce some spectacular winners — and some spectacular flameouts. But this one hits different. Blast, the Ethereum layer-2 that once held more than $2 billion in assets and promised to reinvent onchain yield, has just announced it is shutting down. The network's own verdict is brutally honest: the chain costs more to operate than it generates in revenue, and there is "no credible path" to becoming economically sustainable. A $2 billion blockchain is being wound down because the math stopped working. Let that sink in — because this story is about a lot more than one failed chain. It's about the brutal new economics of Ethereum's layer-2 landscape, and what it means for every ETH holder watching the ecosystem consolidate in real time. What Happened: Blast Shuts Down Its...
