Current outcome
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unavailable for about a week while Blast exits its Lido holdings, and after the deadline assets can still be withdrawn via the Blast Bridge contract on Ethereum L1.
Progress timeline
3 material updates- #01
【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
- #02
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
- #03
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