Blast is winding down its Ethereum layer-2 network after concluding that operating costs exceed the revenue generated by the chain and that no credible route to economic sustainability remains. BLAST traded at $0.0002242 on October 3, 2026, down 44.5% over 24 hours and more than 99.9% below its June 26, 2024 all-time high of $0.5223, according to CoinGecko. The network's DeFi total value locked stood at $21.25 million, compared with roughly $2.2 billion at its June 2024 peak, when Blast ranked among Ethereum's largest layer-2 networks by value locked. Blast has asked users to move assets to Ethereum mainnet; withdrawals are paused while Lido positions are unwound, a process expected to take about one week, after which the withdrawal delay will be cut to 24 hours. Users can use Blast's standard interface until October 26, after which assets remain withdrawable through direct interaction with bridge contracts. Upbit and Bithumb designated BLAST a trading-caution asset following the shutdown announcement.