Blast announces shutdown of its L2 mainnet as maintenance costs exceed revenue

1. #0110.02
   Initial2026-10-02 14:55 · publication time

   【Blast 将停止运营，建议用户 10 月 26 日前提取资产】

   Blast announced it is shutting down its L2 because maintenance costs exceed revenue, telling users to withdraw assets to Ethereum mainnet via the normal interface before October 26, 2026, after which withdrawals require direct interaction with the L1 bridge contract.

   Source evidence: foresightnews · CoinDesk · The Defiant · The Block · theblockbeats · wublockchainenglish · Decrypt · Cointelegraph

2. #0210.02
   Escalation2026-10-02 16:34 · publication time

   Bithumb将BLAST列入交易注意名单，因Blast宣布主网运营结束计划

   Bithumb placed BLAST on its trading caution list and suspended deposits after the Blast Foundation announced plans to end mainnet operations, with a decision on delisting expected in the third week of October.

   Source evidence: theblockbeats

3. #0310.02
   Aftermath2026-10-02 16:45 · publication time

   受主网停运计划及Upbit、Bithumb列入交易注意名单影响，BLAST跌超27%

   After the Blast shutdown announcement, Upbit and Bithumb added BLAST to trading-caution watchlists and suspended deposits; BLAST fell over 27% in 24 hours.

   State after update: Blast announced it is shutting down its L2 because maintenance costs exceed revenue, telling users to withdraw assets to Ethereum mainnet via the normal interface before October 26, 2026; subsequently, Upbit and Bithumb added BLAST to trading-caution watchlists and suspended deposits, and BLAST fell over 27%.

   Source evidence: theblockbeats · theblockbeats

4. #0410.03
   Confirmation2026-10-03 08:42 · publication time

   FN 速递丨Blast 宣布关停：吸金 22 亿，死于零造血

   Blast has announced it is shutting down, with its total value locked collapsing from a peak of about $2.2 billion to roughly $32 million.

   Source evidence: foresightnews

5. #0510.07
   Escalation2026-10-07 22:50 · publication time

   Blast (BLAST) Network Shutdown

   Coinbase posted a status update on Oct 7 confirming the Blast network is being shut down by the project team and requiring users to move BLAST off Coinbase before Oct 26, 2026, or lose access after shutdown; media reports say Coinbase will suspend BLAST trading on Oct 20.

   State after update: Blast is ceasing operations because maintenance costs exceed revenue; users need to withdraw assets to Ethereum mainnet via the standard interface by Oct. 26; withdrawal wait time is planned to be shortened to 24 hours, but withdrawals are temporarily unavailable for about a week while Blast exits its Lido holdings, and after the deadline assets can still be withdrawn via the Blast Bridge contract on Ethereum L1. Bithumb and Upbit added BLAST to trading-caution watchlists and suspended deposits; Coinbase posted a status update requiring users to move BLAST off Coinbase by Oct. 26, with media reports that it will suspend BLAST trading on Oct. 20.

   Source evidence: Coinbase Status

6. #0610.14
   Escalation2026-10-14 07:03 · publication time

   【Upbit 将下架 Blast（BLAST）】

   Upbit announced it will delist Blast (BLAST) from its platform and halt withdrawals during the associated network conversion.

   State after update: Blast is ceasing operations because maintenance costs exceed revenue; users need to withdraw assets to Ethereum mainnet via the standard interface by Oct. 26; withdrawal wait time is planned to be shortened to 24 hours, but withdrawals are temporarily unavailable for about a week while Blast exits its Lido holdings, and after the deadline assets can still be withdrawn via the Blast Bridge contract on Ethereum L1. Bithumb and Upbit added BLAST to trading-caution watchlists and suspended deposits; Upbit has further announced it will delist BLAST and halt withdrawals during the associated network conversion. Coinbase posted a status update requiring users to move BLAST off Coinbase by Oct. 26, with media reports that it will suspend BLAST trading on Oct. 20.

   Source evidence: foresightnews

7. #0710.14
   Escalation2026-10-14 07:07 · publication time

   Upbit将下架BLAST

   Upbit specified that it will delist BLAST spot trading on October 26 at 12:00 local time.

   State after update: Blast is ceasing operations because maintenance costs exceed revenue, and users need to withdraw assets to Ethereum mainnet by Oct. 26. Bithumb and Upbit added BLAST to trading-caution watchlists and suspended deposits; Upbit has further announced it will delist BLAST and will delist BLAST spot trading on Oct. 26 at 12:00 local time, with withdrawals halted during the associated network conversion. Coinbase requires users to move BLAST off Coinbase by Oct. 26 and is reported to suspend BLAST trading on Oct. 20.

   Source evidence: theblockbeats

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