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Blast to wind down Ethereum Layer 2 after TVL falls from over $2 billion

Verifying
  • Blast will wind down its Ethereum Layer 2 network after reassessing its operating economics.
  • Blast’s TVL stands at slightly above $32 million, down from over $2 billion.
  • Blast will process Lido asset withdrawals first, then reopen withdrawals through Oct. 26.
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